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Finance

Fintech posts record results as payment touchpoints expand, signs of loan curb easing

Major fintech firms posted strong first-half results as growth in payments and financial services lifted revenue and profit, with overseas payments and new businesses also expanding. Payment companies are widening links into daily life through merchants, local currencies and transport, while firms bundle payments with other services. As businesses grow, demands for soundness management rise. Separately, there are signs of partial adjustments to loan regulations, while bank lending volume controls continue.

Finance

Coocon and NICE Information Service to cooperate on information service distribution and new data businesses

Coocon said on Monday it signed a strategic agreement with NICE Information Service to expand information service distribution channels and identify new data-based businesses. The companies plan to combine Coocon’s data collection, connectivity and API distribution capabilities with NICE Information Service’s credit rating, corporate information and identity verification services. They will review supplying key NICE services through Coocon’s Coocon.net API platform and jointly develop new data products, business models and global data initiatives.

Crypto

Wemix lists on U.S. crypto exchange Kraken, steps up push into Western markets

Wemix, a virtual asset issued by the Wemix Foundation, has officially listed on the U.S. cryptocurrency exchange Kraken, the industry said on Tuesday. The listing allows Kraken users worldwide to trade Wemix in U.S. dollars. The company aims to expand its real-world asset initiative and attract new ecosystem participants using global capital. Wemix also highlighted StableNet and the GAKS alliance as part of its infrastructure buildout.