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#webank

Every story tagged #webank on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

2 stories in this topic

tencent 1
Finance
1 min read

Tencent’s WeBank to Power China’s Blockchain Network

The Shenzhen-based firm will provide the tech for the country’s national blockchain consortium. WeBank, China’s first digital bank, will provide the technical infrastructure for the country’s nationwide blockchain-based service network (BSN), according to a…

Citi Bank
Finance
3 min read

Legacy Banks Must Become Agile, Says Citi

New entrants and increased competition brought about by challenger banks could result in revenue losses of up to 30 percent among legacy banks over the next 10 years. While digitalization can lower costs for incumbent banks by 30 to 50 percent, new…