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Ant Group is resisting pressure from China's government to hand over more customer data to the country's central bank, according to the Financial Times. 
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Klarna has picked up a minority investment from Chinese giant Ant Financial, in a move which will fuel deeper integration between the Swedish buy now, pay later brand and the Alipay payments app.
Vineet Anand's insight:
Klarna gets a strategic partner in Ant Financial with the later taking a minority stake!
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The world’s biggest money-market fund, overseen by China’s Ant Financial, drew 114 million new investors last year despite regulatory pressure to shrink.
Vineet Anand's insight:
AntFinancial's asset management arm has 588 million investors with 114 million new investors last year. Will attract more attention from regulator to shrink size.
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Ant Financial is furthering its ambitions to become a strategic technology supplier to the traditional baking industry, unveiling a new core banking platform co-developed with Hoperun Information Technology.
Vineet Anand's insight:
Ant Financial launches Business Platform as a service offering!
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UK money transfer firm WorldFirst has shuttered its US operations to ward off any regulatory objections to a proposed take over by Ant Financial
Vineet Anand's insight:
$700 million deal by Ant Financial deal to move forward excluding US operations. Ant's had is fair share of regulatory and political challenges with Moneygram deal that fell thru.
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Ant Financial, the financial services spin-off of e-commerce giant Alibaba, has added another string to its bow, signing its third deal this month a
Vineet Anand's insight:
Ant Financial becoming a strategic technology service provider for banks having added 3 banks! Valued at $150 billion with a much awaited IPO, Ant has closed a funding round of $10 billion recently
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Ant push back on sharing data quoting customer consent for privacy reasons - will Ant eventually give-in?