Leading digital bank Chime has launched an innovative new credit card called Credit Builder; surveys have shown that most millennials...
Digital banking startup Chime saw a big boost last week after Wells Fargo reported an outage where customers could not...
Chime CEO Chris Britt said the digital bank has surpassed 4 million customers, up from 1 million at this time...
The financial technology firm Chime said customers can now deposit cash at more than 8,500 Walgreens Boots Alliance locations, another example of nonbanks pushing deeper into consumer finance.
Last year the amount of global investment in Chinese fintech companies reduced dramatically to $4.9 billion, down from $34 billion...
The China Banking Association is launching a blockchain-based program aimed at improving the efficiency and security of trade finance transactions;...
Chinese authorities on Monday ordered a ban on initial coin offerings (ICOs); a PBoC statement ordered that ICO activities should be halted starting from Monday, and ICO platforms should not engage in exchange services between fiat currencies, virtual coins and tokens; two of China's leading ICO platforms, ICOAGE and ICOINFO, had already halted services before the official statement came out. Source
China’s central bank said they will open up the electronic payments market to foreign companies for the first time; international firms will be required to set up local units, establish infrastructure within China, and store client information within the country; China is one of the biggest and most competitive payments markets in the world; there are currently more than 260 companies with payments licenses and they processed more than $26tn in volume in 2017. Source.
After being ordered to shut down by regulators China’s bitcoin exchanges are pivoting to the over the counter market; OKEx and Huobi Pro announced they will introduce P2P trading that supports fiat currencies according to CoinDesk; Huobi Pro might also look to expand overseas. Source.