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Latest: Fintech News

China Asks State Firms to Drop Big Four Auditors Over Data Fears
China Asks State Firms to Drop Big Four Auditors Over Data Fears

Chinese authorities have urged state-owned firms to stop using the four biggest global accounting firms over concerns about data security

Digital Asset Sector Closely Watching US Stablecoin Crackdown
Digital Asset Sector Closely Watching US Stablecoin Crackdown

The SEC's warning on Binance's stablecoin – over whether or not it is a security – may be key to the type of dollar-pegged tokens that draw regulatory scrutiny

India and Singapore Launch First Overseas Payments Link
India and Singapore Launch First Overseas Payments Link

"This will enable people from both the countries to immediately and at low-cost transfer funds (by) just using their mobile phones," Indian Prime Minister Narendra Modi said

Guangzhou Splashes $29 Billion on Chip and Tech Race – SCMP
China Bank Reassures Staff Over Star CEO’s Disappearance
US Lawmakers in Taiwan For Tech, Trade Talks – Taiwan News
Taiwan’s Export Orders Fall For Fifth Month in a Row
Chinese Vessels Linked to Taiwan’s Severed Undersea Cables – TN
Foxconn Spends $62.5 Million on New Vietnam Site – SCMP
SoftBank’s Chip Tech Firm Arm China Sees 90% Drop in Profit

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors