BASEL, February 2019 - The Financial Stability Board has warned that banks have more to fear from the competitive impact of Big Tech firms in financial services than the disruptive threat posed by FinTech startups.
Fight Peak Data Traffic On 11.11: The Secrets of Alibaba Stream Computing
HANGZHOU, December 2017 - On November 11th, 2017, Alibaba’s global shopping festival known as Single’s Day, or 11.11, broke yet another record with 256,000 successful payments and 472 million real-time data events processed per second at its peak. With 100% more data volume compared to the previous year, stream computing played a vital role in meeting that challenge.
Global Payments 2017: Amid rapid change, an upward trajectory
MCKINSEY, October 2017 - The global payments industry continues to deliver healthy growth, with underlying fundamentals such as transaction volumes and account balances demonstrating even greater strength. This rosy scenario also lays the groundwork for significant disruption likely to alter the dynamics between financial institutions and fintechs.