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Top News In Payments: Chinese Tech Sector Faces Capital Crunch; US Prepares For Potential Iranian Cyberattack

PYMNTS

In today’s top news, China is facing a “capital winter” of venture funding slowdown, the U.S. Chinese Tech Sector Faces Capital Crunch. China is facing a “capital winter” — a significant funding slowdown and drop in fundraising activities — after a venture capital boom and fall. billion ($2.5

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon. This bill of “personal financial data rights” is similar to the California Privacy Protection Act that is already in force for banks doing business in CA.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Paulina Gonzalez, Executive Director, California Reinvestment Coalition, San Francisco, CA. Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Raul Vazquez, Chief Executive Officer, Oportun, Redwood City, CA. William Howle, Head of U.S. Retail Bank, Citibank, New York, NY.

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The 2016 Presidential Election And Banks’ Next Four Scary Years

PYMNTS

Just a week ago, he said publicly that he’s now “gravely concerned” about banks wanting to limit access to their assets, like customer data, to innovators who, without it, have no way to ignite their own ideas and monetize them. Maxine Waters (D-CA), has thrown down the banks-need-to-be-broken-up gauntlet. THE BIG BANKER BACKLASH.

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Finovate Debuts: BaseVenture’s Command Center for Fund Managers & Administrators

Fintech Labs Insights

is a SaaS platform designed to give fund managers a central place to manage investors, execute trades, and raise capital. The platform offers filtering, finding, sharing, and tagging capabilities to facilitate easy document sorting and compliance. Company facts: Headquartered San Rafael, CA. Founded in 2015. 25 customers.

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Android of the Auto Industry? How Baidu May Race Ahead Of Google, Tesla, And Others In Autonomous Vehicles

CB Insights

investment fund dedicated to startups innovating in the AV space. Didi’s lab in Mountain View, CA. In addition to the Apollo platform, Baidu is dedicating significant capital to autonomous vehicle startups, all of which have joined the Apollo partnership alliance. Beyond Apollo: Baidu’s outside investments.

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