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Latest: Fintech News

New System Needed to Regulate Big Tech in Finance, BIS Says
New System Needed to Regulate Big Tech in Finance, BIS Says

Tech giants like Alibaba have long been involved in financial services and some also do cloud computing to run services for banks. Boundaries on their work are blurring, the BIS says

Japan May Opt for Milder Chip Curbs on China Than US: Lawmaker
Japan May Opt for Milder Chip Curbs on China Than US: Lawmaker

"The United States is being strict, but there is a question of whether we have to exactly match that," said former economy minister Akira Amari.

Chip Shortage Pushes Japan’s Subaru to Slash Output Target
Chip Shortage Pushes Japan’s Subaru to Slash Output Target

A shortage of chips is preventing Subaru and other automakers from ramping up production following the loss of business from Covid

US Demands Answers on China Accessing Facebook Data – CNN
Shares of Japanese Tech Giants Plunge on Weak Earnings
SoftBank in The Red as Vision Fund $5.52bn Slump Weighs
Taiwan Ramps up Drone Development to Guard From China Threat
North Korea Crypto Theft at Record High in 2022: UN Report
Baidu Finishing Tests in March for ChatGPT-Style ‘Ernie Bot’
US Firms in Taiwan Reviewing Plans as China Tensions Rise

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