“Banking facing ‘Uber moment’, says former Barclays boss,” The Guardian
Technology continues to strengthen new banks and alternative finance, while traditional banks are at risk of falling behind, said Anthony Jenkins to Reuters. Jenkins was ousted from Barclays in July.
“Chinese Online Lending Startup Dianrong To Expand Into South Korea,” Wall Street Journal
One of China’s biggest peer-to-peer lenders will partner with a Seoul-based conglomerate to bring the Chinese company’s technology to South Korea’s financial industry.
Patreon users exposed in a September hack are now being extorted by scammers who claim to have extensive data on those users. Patreon executives have urged users to ignore the messages.
“China Report: Bank Executives are Fleeing to FinTech Companies,” Crowdfund Insider
Several executives of high profile Chinese banks have turned to jobs in fintech after salary caps in the banking industry made it less attractive.
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