China Seeks to Break Up Alipay, Separate Loan Business

China seeks to break up Ant Group’s Alipay and create a separate app for its loan business. That’s according to the Financial Times. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Asia.”

Why Your Uber and Lyft Rides Are So Expensive

Rides may never cost what they did before the pandemic Your average Uber or Lyft ride cost 50% more this summer than before the pandemic. But prices were inching up even before lockdowns began. Here’s what drove rideshare prices through the roof, and how the companies are working to bring them back down.

 

“TOP READS OF THE WEEK” (for week ending 10 September)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Amazon takes Visa battle to Australia
• Regulators Investigate Crypto-Exchange Developer Uniswap Labs
• SPAC IPOs plunged 87% during Q2 amid tougher SEC scrutiny
• The SEC Is Serious About Cybersecurity. Is Your Company?
• What Traditional Banks Can Learn From Fintech Apps’ Explosive Growth
• One size does not fit all: the Rubik’s Cube of banking
• Cross-border payments set to soar as the world begins to emerge from lockdown
• Developing Real-Time Payment Capabilities
• The future of payments in the Middle East
• The Latest Trends in Artificial Intelligence (AI) and Machine Learning (ML)
• WhatsApp fined $235,000 by Turkey over alleged data breach
• 97% of Banks Miss These 9 Broken Journeys
• Crypto’s Rapid Move Into Banking Elicits Alarm in Washington
• Bitcoin Faces Big Test as El Salvador Makes It Legal Tender
• FinTech–shaping the future for the better (Part-II)
• Wallets Are Over. Your Phone Is Your Everything Now.
• SEC fines Kraft Heinz $62M, says procurement misled finance team
• After years of inaction against adtech, UK’s ICO calls for browser-level controls to fix ‘cookie fatigue’
• Amazon takes Visa battle to Australia
• What ransomware negotiations look like
• Remote workers complicate CFOs' state sales tax compliance
• Top Performing Artificial Intelligence (AI) Companies of 2021

From our Blog

• What El Salvador's Bitcoin Experiment Looks Like
• What are the Potential Pitfalls for Merchants Offering BNPL?
• Apple Store vs. Repair Shop: What the Right to Repair Is All About
• SEC sets its sights on the crypto “Wild West”
• Why China’s Tough Stance on Crypto Mining Is a Boon for Miners Elsewhere...

What El Salvador's Bitcoin Experiment Looks Like

El Salvador became the first country in the world to adopt bitcoin as its national currency, allowing people to use a digital wallet to pay for everyday goods. Here’s what the impoverished nation’s risky experiment looks like.

 

What are the Potential Pitfalls for Merchants Offering BNPL?

In this episode of Truth in Data, PaymentsJournal discusses potential pitfalls for merchants offering BNPL.

“TOP READS OF THE WEEK” (for week ending 3 September)

This week’s top reads in banking, fintech, payments, cybersecurity, AI, IoT, risk management and much more

In this weeks selection;

Top Reads

• Why a ban on ransom payments will not work
• The Colonial Pipeline Ransomware Hackers Had a Secret Weapon: Self-Promoting Cybersecurity Firms
• Bank Of America Is Losing Its Grip On Millennials As Fintechs Reinvent The Checking Account
• What Insurance Firms Promised at White House Cybersecurity Summit
• Are global investors finally rising to the ESG challenge?
• For bank regulators, tech giants are now too big to fail
• Amazon taps Affirm for installment financing
• Crypto ATMs multiply despite challenges to the currency
• Bank regulators issue guidance on partnering with fintechs
• 10 Factors That Will Determine Banks' Future Relevance
• Madoff trustee can seek $343M clawback against Citi, court says
• U.S. banks give embedded finance a whirl. Will it catch on?
• Crypto platforms need regulation to survive, says SEC boss
• Fed finds businesses eager for faster payments
• A Very Brief History Of The Driving Factors Behind Cybersecurity
• PayPal's About to Take On Robinhood
• Unravelling Open Banking’s Complexities

From our Blog

• Apple Store vs. Repair Shop: What the Right to Repair Is All About
• SEC sets its sights on the crypto “Wild West”
• Why China’s Tough Stance on Crypto Mining Is a Boon for Miners Elsewhere...
• The Most Commonly Experienced Types of Fraud
• What is net zero?
• New Online Course - Understanding Environmental, Social, and Governance (ESG)

Apple Store vs. Repair Shop: What the Right to Repair Is All About

Apple said it would cost $999 to fix a MacBook Pro. An independent repair store did it for $325. WSJ’s Joanna Stern went on a journey to repair two water-damaged laptops and show how new legislation could provide more options for fixing our broken gadgets.