Regulators Tap Tech Giants to Curb Online Finance Risks

* 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.