Security

Google says North Korea-backed hackers sought cyber research

Google says it believes hackers backed by the North Korean government have been posing as computer security bloggers and using fake accounts on social media while attempting to steal information from researchers in the field.

Business

Alibaba posts solid revenue ahead of shopping festival

Chinese e-commerce leader Alibaba on Thursday reported solid 30 percent year-on-year revenue growth for the July-September quarter, providing some much-needed good news amid turmoil over its Ant Group affiliate's abandoned ...

Business

Ant Group's shock IPO suspension hammers Alibaba shares

China's shock, last–minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday and left investors reeling.

Business

COVID-19 hastens fintech adoption while industry seeks guidance

Unique circumstances created by the COVID-19 pandemic forced more Americans to get comfortable with financial technology, while leaving the industry wondering whether regulators will devise a reliable legal framework to support ...

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Financial institution

In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are highly regulated by government bodies. Broadly speaking, there are three major types of financial institution:

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