Industry News

  • Libra Association Forms Steering Committee to Guide Technical Development
    by Sam Levitt on January 17, 2020 at 8:10 pm

    “The Libra Association — the government body of the eponymous stablecoin introduced by Facebook in late 2019 — has formed a new committee to guide the network’s technical development. According to an announcement on Jan. 16, the Libra Association has voted to establish the five-member Technical Steering Committee which comprises leading experts from various firms in the fintech

  • China’s $7.6 Trillion Online Payments Market Is No Longer Enough For Jack Ma’s Ant Financial
    by Sam Levitt on January 17, 2020 at 7:43 pm

    “Jack Ma’s Ant Financial grew to become one of China’s largest fintech platforms by providing e-wallet services and online investments to hundreds of millions of consumers. But amid mounting regulatory pressure, Ant has sights on a new market. Ant’s president of advanced technology business group, Geoff Jiang, told FORBES ASIA in an interview that the

  • Vivint Smart Arena Going Fully Cashless After Successful Trial
    by Sam Levitt on January 17, 2020 at 7:30 pm

    “Vivint Smart Home Arena, the home of the National Basketball Association’s Utah Jazz, is going fully cashless following a successful trial late last year. Beginning January 18, the sports and entertainment venue will only accept credit, debit and prepaid cards, and mobile payments for sales at all food and beverage points of purchase, the box

  • Lawmakers Call for Investigation of Fintech Firm Yodlee’s Data Selling
    by Sam Levitt on January 17, 2020 at 7:28 pm

    “Financial-data firm Yodlee might be selling consumers’ personal financial data without proper consent, three lawmakers said in a Friday letter calling on the Federal Trade Commission to investigate the matter. The letter opened a new area of potential risk for the company, which is one of many firms that make money by selling information about consumers.”

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