Fintech

Stories about how technology is used to enhance financial services, covering banking and securities

China’s ‘big five’ state banks have all formed alliances with technology companies such as Ant Financial. Photo: Imaginechina

Chinese brick-and-mortar bank jumps on fintech bandwagon, with Alipay's help

Ant Financial, an affiliate of Chinese e-commerce giant Alibaba Group Holding, said on Wednesday it had signed a strategic cooperation agreement with China Everbright Bank and its financial technology affiliate Everbright Technology, to help the state bank with its digital transformation.