Jul 23, 2018 07:10 PM
FINANCE
Regulators Tap Tech Giants to Curb Online Finance Risks

Ant Financial Services Group has struck a deal with the port city of Tianjin to help it build a supervision platform to monitor and identify real-time financial risks and track down evidence of wrongdoing. Photo: IC
* Deal with Tianjin will help port city build a supervision platform to monitor and identify real-time financial risks and track down evidence of wrongdoing
* Move comes as local authorities try to tap the technology know-how of internet companies to beef up their ability to detect online money swindling schemes
(Beijing) — Ant Financial Services Group, which operates Alipay, China’s largest online payment service, has joined the ranks of internet giants providing their technology know-how to local financial regulators in their crackdown on illegal online fundraising.
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
MOST POPULAR
- 1Opinion: Sacrificing Half the World’s People Undercuts ‘The Wandering Earth’s’ Humanistic Message
- 2Two Large Chinese Borrowers Are Said to Miss Bond Payments
- 3China Biz Roundup Podcast: Factory Inflation Stalls, iPhone Discounts, and Private Kindergarten Closures
- 4Holiday Spending Bodes Poorly for China’s Economy This Year
- 5Indebted Chinese Investment Firm Turns to Thai Conglomerate for New Co-Chairman
SPONSORED
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas