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How China Is Clamping Down On Crypto Trading With Social Media

PYMNTS

China’s National Fintech Risk Rectification Office sees the moves as “targeted clean-up measures to maintain financial order and social stability,” according to reports. News came this week that Jinse, an information service that is backed by Node Capital, was among the accounts impacted in the freeze.

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15 Twitter accounts every bank executive should follow

Abrigo

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. It often Tweets columns tied to breaking news and statistics.

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As Ant Financial Rises, So Does China

PYMNTS

Will China follow the United Kingdom and the United States as the leader of payment services and FinTech? But it has gained new focus, according to a recent article from Bloomberg that notes the increasing popularity and power of payments conducted through Alipay and WeChat. That’s hardly a new question. That contrasts with the U.S.,

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Competition Begins To Boil For Challenger Banks

PYMNTS

s challenger bank landscape is spreading since regulators have welcomed new competition into the retail banking space. It seems that every few weeks another FinTech is seeking a banking license in the U.K. Regulations like Know Your Customer (KYC), for instance, mean challenger banks must get creative with their compliance efforts. “In

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'Fintech Is a Marketing Concept': Comments of the Week

American Banker

Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. American Banker readers share their views on the most pressing banking topics of the week.

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How TikTok’s GenZ financial influencers are changing finance

Lex Sokolin

Not surprisingly, some old people (sort of like us and also the regulators) and young people with old souls (those that invest in index funds) find a bunch of this stuff objectionable. Notably from the article, the #fintok tag on TikTok has 42.6 Here is a flavor: Warnings over TikTok influencers. million views.

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Blockchain Begins Earning Some Bitcoin-Like Skepticism

PYMNTS

Alas, there is no such thing as a sure bet, especially in the world of FinTech. Cointelegraph released a similar article this week, highlighting hacks, a lack of government protection and hurdles for top use cases, like smart contracts, all standing in the way of blockchain making good on its promises. Possible) Scammers Emerge.