How A Little Ant Challenges Giant Banks?: The Rise of Ant Financial (Alipay)'s Fintech Empire and Relevant Regulatory Concerns

Lerong Lu

How A Little Ant Challenges Giant Banks? The Rise of Ant Financial (Alipay)'s Fintech Empire and Relevant Regulatory Concerns

Lerong Lu

Laws

Research output: Contribution to journal › Article › peer-review

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Abstract

This article examines the development, business model, legal and regulatory aspects of the world’s largest fintech company – Ant Financial Services Group (Alipay). It offers an insight into how the buoyant fintech sector is reshaping the landscape of the financial industry as well as what challenges fintech has posed to traditional banks. Moreover, it points out certain financial risks associated with Ant Financial’s innovative services that merit attention from global financial regulators.

Original language	English
Pages (from-to)	12-30
Journal	International Company and Commercial Law Review
Volume	28
Issue number	1
Publication status	Published - 1 Jan 2018

Keywords

fintech
financial regulation
Ant Financial Services Group
Alipay
Alibaba
mobile payment
China
banking law
cashless payment
payment

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

How a Little Ant_LU_2018_GREEN AAMAccepted author manuscript, 433 KB

https://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?productid=30791358&recordid=423

Cite this

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title = "How A Little Ant Challenges Giant Banks?: The Rise of Ant Financial (Alipay)'s Fintech Empire and Relevant Regulatory Concerns",

abstract = "This article examines the development, business model, legal and regulatory aspects of the world{\textquoteright}s largest fintech company – Ant Financial Services Group (Alipay). It offers an insight into how the buoyant fintech sector is reshaping the landscape of the financial industry as well as what challenges fintech has posed to traditional banks. Moreover, it points out certain financial risks associated with Ant Financial{\textquoteright}s innovative services that merit attention from global financial regulators.",

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AB - This article examines the development, business model, legal and regulatory aspects of the world’s largest fintech company – Ant Financial Services Group (Alipay). It offers an insight into how the buoyant fintech sector is reshaping the landscape of the financial industry as well as what challenges fintech has posed to traditional banks. Moreover, it points out certain financial risks associated with Ant Financial’s innovative services that merit attention from global financial regulators.

KW - fintech

KW - financial regulation

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KW - Alipay

KW - Alibaba

KW - mobile payment

KW - China

KW - banking law

KW - cashless payment

KW - payment

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