Posts Tagged ‘financial services’

Longtop’s CFO Quits As Chinese Software Company’s Auditor Resigns

In the middle of flak concerning alleged securities fraud, Chinese financial services software firm Longtop Financial Technologies Limited announced that its chief financial officer, Derek Palaschuk, who was previously CFO at Chinese Internet firms Sohu.com and eLong.com, has resigned. Palaschuk, a Canadian working for the southern Chinese software company since around the time of its […]


Card Fraud: IBM Employee Information Disclosed By Supplier In China

According to South Metropolitan Daily newspaper, the personal data of more than 1000 employees of IBM Shenzhen has been disclosed and used to apply for credit cards.
Employees of IBM Shenzhen found that their personal information had been disclosed and this data was used to apply for credit cards without their knowledge with a Bank of […]


CBRC: No Banks Shall Provide Credit Card Services To Teenagers

The China Banking Regulatory Commission has issued a circular which asks Chinese banks not to provide credit card services to students under 18 years old.
Furthermore, CBRC asks banks to obtain a written consent from parents of students who are over 18 years old stating that the parents pledge to pay off any debt incurred by […]


Data Subsidiary In Shanghai Strengthens Discover’s Analytics Operations

Seeing perhaps not too many good database marketing companies China to rely on for data, Discover Financial Services has announced the opening of a new subsidiary in Shanghai to support its own proprietary data analysis and modeling operations.