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How are financial services changing in a world of ultra-low interest rates, rising competition and continued regulatory pressures? Richard Portes, Professor of Economics and Academic Director of the AQR Asset Management Institute at London Business School, hosts a three-part series exploring the future of banking and investing. In this episode, Richard talks to Rita Liu, CEO of Alipay UK, the world's leading payment and lifestyle platform serving more than 1.2 billion users around the world. In a wide-ranging conversation, they discuss: • The role Alipay plays in the Chinese financial system [01:30] • The importance of protecting user privacy and security [03:57] • The digital payments trend in China [05:37] • How Alipay is tapping blockchain technology [07:14] • Collaborations with traditional banking in China and the UK [08:59] • Rita’s role as Director of Alipay’s sports marketing globally [16:18] • Interactions and communication with regulators [18:33] Discover more articles, podcasts and films exploring what’s happening inside the global economy at www.london.edu/globalminds or follow #GlobalMinds on social media. Follow us on social media: twitter.com/LBS www.linkedin.com/school/london-business-school/ www.facebook.com/LondonBusinessSchool/

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