An employee uses a machine to count Chinese 100 yuan banknotes at the Hang Seng Bank’s headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg An employee uses a machine to count Chinese 100 yuan banknotes at the Hang Seng Bank’s headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg
An employee uses a machine to count Chinese 100 yuan banknotes at the Hang Seng Bank’s headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg

Fintech

Business /  Money

Chinese fintech firms cosy up to banks as collaborators instead of disrupters they shift towards retail banking

  • Fintech firms are increasingly positioning themselves as banks’ tech partners, rather than disrupters
  • As Chinese banks increase focus on their retail business, more are seeking to grab market share through piggybacking on fintech’s online platform and technologies

Topic |   Fintech
Georgina Lee
Georgina Lee

Updated: 10:31pm, 8 May, 2019

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An employee uses a machine to count Chinese 100 yuan banknotes at the Hang Seng Bank’s headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg An employee uses a machine to count Chinese 100 yuan banknotes at the Hang Seng Bank’s headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg
An employee uses a machine to count Chinese 100 yuan banknotes at the Hang Seng Bank’s headquarters in Hong Kong on Tuesday, April 16, 2019. Photo: Bloomberg
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