| | [Reuters] Reuters reveals Chinese regulators to push tech giants on consumer credit data
UGN Security 01/11/21 09:03 PM 0
Reuters revealed that China plans to push tech giants, including Ant Group, Tencent and JD.com, to share consumer loan data to prevent excess borrowing and fraud, in Beijing’s latest tightening of scrutiny. The plan, if implemented, would effectively end the government’s laissez-faire approach to the industry. Large Internet platforms have tended to resist handing over their data, a crucial asset that helps them run operations, manage risk and lure new customers. Chinese regulators, including the central bank, plan to instruct internet platforms to feed their vast loan data to some of the nationwide credit agencies.
The post Reuters reveals Chinese regulators to push tech giants on consumer credit data appeared first on Reuters News Agency.
| | [Reuters] Reuters reveals PayPal to allow cryptocurrency buying, selling and shopping on its network; market reacts
UGN Security 10/21/20 08:10 PM 0
On Oct. 21, Reuters was first to report that payments company PayPal Holdings Inc would allow cryptocurrency buying, selling and shopping on its network. Other mainstream fintech companies, such as mobile payments provider Square Inc and stock trading app firm Robinhood Markets Inc, already allow users to buy and sell cryptocurrencies, but PayPal’s launch is noteworthy given its vast reach. The company, based in San Jose, California, has 346 million active accounts around the world and processed $222 billion in payments in the second quarter.
The post Reuters reveals PayPal to allow cryptocurrency buying, selling and shopping on its network; market reacts appeared first on Reuters News Agency.
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