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TRENDING: How Credit Unions Give Digital The Personal Touch

PYMNTS

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. Deep Dive: How CUs Leverage Social Media. Developments From Around The Credit Union Space.

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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. To that end, the government plans to block access to those sites and implement real-time monitoring.

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Mix-N-Match Fake Shopping Holidays For Fun And Profit

PYMNTS

This year’s theme is “Shop Small and Share Joy” – and Amex is betting the store, as it were, on social media, saying in a statement that “according to the American Express Shop Small Impact Study … the majority (78 percent) of small business owners say that positive feedback on social media is a significant driver of business.”.

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Tencent Vows To Comply With Chinese Regulators’ Increasing Oversight

PYMNTS

As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. Its business units span social media, video streaming, digital payments and wealth management.

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Startups Settle In Sydney To Join Growing FinTech Ecosystem 

PYMNTS

Sydney, the most populous city in Australia, is also a burgeoning FinTech hub: In fact, Deloitte has ranked it as the eighth most conducive hub for growth in the FinTech sector. A key element in its emerging global reputation is the speedy progress we have made in FinTech in Sydney.”. stocks, call the city home.

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KBank On Rethinking Bank-FinTech Relations

PYMNTS

Thailand-based Kasikornbank (KBank) recently took steps to address these and other common pain points in the country’s financial services sector by forging partnerships with FinTechs. Sarintorn recently spoke with PYMNTS about how the company’s partnerships with FinTechs are changing its approach to financial services innovation. .

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New York City Council Bans Cashless Food And Retail Stores

PYMNTS

Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. And in Singapore, global FinTech Rapyd announced a new platform that will allow both consumers and businesses to go totally cashless.