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Fintech Focus For May 7, 2021
Thursday, May 6, 2021 - 6:32pm | 2177Quote To Start The Day: “Whatever you are, be a good one.” Source: Abraham Lincoln One Big Thing In Fintech: Metromile Inc, an insurance-focused fintech powered by data science and machine learning, announced Thursday it will allow policyholders the option to pay for insurance and...
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Fintech Focus For December 28, 2020
Sunday, December 27, 2020 - 2:06pm | 1613Quote To Start The Day: Solitary trees, if they grow at all, grow strong. Source: Winston Churchill One Big Thing In Fintech: Gangti Zhu, a Maryland retiree, says he put almost his entire life savings into a Robinhood Markets account this year, only to lose about $300,000 in a hack. He describes...
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Alibaba Hit With Antitrust Probe By Chinese Government
Thursday, December 24, 2020 - 10:17am | 392Shares of Alibaba Group Holding Ltd (NYSE: BABA) were trading lower Thursday morning amid confirmation the Chinese government is investigating the company for anti-monopolistic behavior, Bloomberg was first to report. What Happened: China's State Administration for Market Regulation confirmed...
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Fintech Focus For September 28, 2020
Sunday, September 27, 2020 - 6:42pm | 2058Quote Of The Day: If everyone fought for their own convictions there would be no war. - Leo Tolstoy Fintech Movers: Both fintech and big tech credit seems to complement other forms of credit, rather than substitute for them, and may increase overall access to credit. - BIS Russia’s...
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Postal Savings Bank Of China Seeks To Become A Player In Digital Finance
Thursday, July 7, 2016 - 11:14am | 382Postal Savings Bank of China (PSBC) aims to transform itself from a brick-and-mortar lender into a digital player, as part of its plans for a $10 billion IPO. Reuters, citing both the state-owned bank's IPO prospectus and people familiar with its plans, said, "PSBC plans to work with online...