Background Ant Financial is a major FinTech player and has built an empire which embraces; mobile and online payments, money market funds, comprehensive wealth management, digital banking, credit scoring, consumer credit, insurance and a cloud technology platform. The group owns China's largest digital payment platform Alipay, which serves over one billion users and 80 million merchants, with total payment volume reaching CN118 trillion in June 2020.

https://supchina.com/podcast/ep-74-ant-financial-the-biggest-ipoever/   https://jefftowson.com/membership_content/ant-financial-is- 

3-platform-business-models- combined-jeffs-asia-tech-class-daily-lesson-update/ Assume that you are a leader of a large state- owned bank in China. Answer the following questions;- 1.1. Formulate a position as a leader of the bank by critically assessing the views of a large state-owned bank in China would be toward ANT and the future of financial services? 1.2. Investigate and critique the risks and challenges that you would be worried about within the financial landscape in China? 1.3. Draw connections and analyse how your answer in Question 2 above could also relate those thoughts to the Big Four, 5/6 banks in a South African perspective