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The following is the Fintech Daily Information Briefing on [March 04, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
. Japan’s largest IT enterprise was born after the merger of Yahoo and line
According to CCTV finance and economics, Japan Broadcasting Association reported on March 2 that Z holding and line, the Japanese parent company of Softbank group’s Yahoo, have formally implemented business merger since March 1, resulting in the birth of Japan’s largest IT enterprise. It is reported that the new company has about 23000 employees and about 100 million users. Search and social media services are the largest in Japan. At the same time, the company also provides advertising, e-commerce, finance and other services relying on the Internet. The new company plans to achieve the target of sales of 2 trillion yen and about 120 billion yuan by fiscal year 2023.
. Financial technology and climate change risk will become the focus of SFC in 2021
On March 3, 2021, the Review Department of the US Securities and Exchange Commission (SEC) announced the key concerns for 2021, involving climate change related risks, financial technology, conflicts of interest between brokers and investment advisers, etc. In the field of financial technology, the SEC focuses on the digital asset market, investors’ interests, and compliance plans. Every year, the SEC’s review department publishes a list of key concerns to help its risk response strategies, including areas that it considers to be potentially risky to investors and the integrity of U.S. capital markets.
. Next insurance plans to acquire AP intego
Recently, according to foreign media reports, next insurance, an insurance technology Unicorn maker, plans to acquire AP intego, a small business digital insurance company. Next insurance, established in 2016, mainly provides customized intelligent insurance services for small and medium-sized enterprise users. In September 2020, next insurance obtained $250 million in round D financing. The financing is led by capital g and participated by fintlv and Munich reinsurance group.
. New York State launches IBM’s blockchain based digital health application pilot program
Recently, New York governor Andrew Cuomo announced that he will test IBM’s health application excelsior pass in the Buckley center and Madison Square Garden in New York City. The app uses blockchain technology and is designed to be similar to an air boarding pass in a mobile device, allowing individuals to voluntarily share their health status, such as vaccination certificates or new crown test results, through an encrypted digital wallet stored on a smartphone.
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