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Article Links

How Kids’ Allowance Works in the Smartphone Age https://www.wsj.com/articles/how-kids-allowance-works-in-the-smartphone-age-11559035800

When bills pile up, young people turn to strangers on Venmo https://www.latimes.com/business/la-fi-venmo-cash-app-twitter-crowdfund-money-20190602-story.html

SEC Sues Kik Over $100 Million ICO, Sees Kin as a Security https://www.bloomberg.com/news/articles/2019-06-04/sec-sues-crypto-firm-that-s-raising-money-to-fight-regulator

New Startup-Focused Bank Gets More Than $100 Million From Investors https://www.wsj.com/articles/new-startup-focused-bank-gets-more-than-100-million-from-investors-11559216484?mod=mhp

PayPal opens up access to e-commerce platform that’s already used by Instagram and Facebook https://www.cnbc.com/2019/06/03/paypal-rolls-out-e-commerce-platform-to-help-start-ups-compete-with-instagram-and-facebook.html

PayPal opens up access to e-commerce platform that’s already used by Instagram and Facebook https://www.cnbc.com/2019/06/03/paypal-rolls-out-e-commerce-platform-to-help-start-ups-compete-with-instagram-and-facebook.html

Click Subscribe to keep up to date on the world of fintech!

Reach us at [email protected] or at @fintechnewscast onTwitter.

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Article Links

Facebook Building Cryptocurrency-Based Payments System https://www.wsj.com/articles/facebook-building-cryptocurrency-based-payments-system-11556837547?mod=mhp

Some Small Businesses See Big Benefits in Online Financing https://www.wsj.com/articles/some-small-businesses-see-big-benefits-in-online-financing-11557662401

LatAm: The New Kid at the FinTech Table https://www.finextra.com/blogposting/17256/latam-the-new-kid-at-the-fintech-table

U.S. Credit-Card Delinquency Rates Rising, Particularly Among the Young https://www.wsj.com/articles/u-s-credit-card-delinquency-rates-rising-particularly-among-the-young-11557846130?mod=hp_major_pos12

376 Wallets Holding One-Third of All ETH https://ethereumworldnews.com/ethereums-decentralization-in-question-with-376-wallets-holding-one-third-of-all-eth/

10,000 Baltimore city workers locked out after https://www.npr.org/2019/05/21/725118702/ransomware-cyberattacks-on-baltimore-put-city-services-offline

NY’s AG accuses Tether of pulling funds from reserve fund (that “tethers” their coin in a fixed rate to USD) to cover $850M that went missing last year but remained undisclosed.

E*Trade enabling crypto trading would make it the largest crypto security brokerages in the world

PayPal makes a big marketplace play with its $500M investment in Uber

Final Bytes:

Facebook stock goes up despite record fine

15 ​Months of fresh hell inside Facebook 

A Mass Murder of, and for, the Internet

‘996’ Is China’s Version of Hustle Culture. Tech Workers Are Sick of It.

In this week’s show, we discuss T-Mobile’s (and seemingly everyone else’s) entry into consumer checking accounts, credit card partnerships with influencers, and Silicon Valley groupthink.

Please email us at [email protected] for feedback or topic suggestions.

T-Mobile Introduces a Checking Account Money

https://www.t-mobilemoney.com/en/home.html

Unicorn Blitzscaling Reveals SV Groupthink

https://www.economist.com/briefing/2019/04/17/the-wave-of-unicorn-ipos-reveals-silicon-valleys-groupthink

Influencers and credit cards

https://www.wsj.com/articles/credit-card-issuers-boost-spending-on-social-media-ads-11556011801

Masayoshi Son lost $130 million in bad bet on bitcoin

https://www.marketwatch.com/story/softbank-founder-masayoshi-son-reportedly-lost-130-million-on-bitcoin-bet-2019-04-23

Carl Icahn sold Lyft stake before IPO

https://www.cnbc.com/2019/04/03/carl-icahn-sold-lyft-stake-ahead-of-ipo.html

Will John McAfee unmask Bitcoin creator?

https://www.bloomberg.com/news/articles/2019-04-23/john-mcafee-vows-to-unmask-crypto-s-satoshi-nakamoto-within-days

Flybits is a Toronto-based context-as-a-service that works with financial services companies.

www.Flybits.com; https://twitter.com/hosinux

Can London threaten San Francisco’s fintech unicorn dominance?

You Pay for Netflix and Spotify Monthly. What About Financial Planning?

Goldman wants to pay students $100,000 to tackle Wall Street’s technology challenges

MasterCard, Microsoft, Workday and the Partnership for Public Service launched the Cybersecurity Talent Initiative

FICO scores inflated

Final Bytes: 

https://www.nytimes.com/2019/04/07/us/trash-pickers-san-francisco-zuckerberg.html

http://fortune.com/2019/04/09/term-sheet-tuesday-april-9/

https://www.wsj.com/articles/why-the-longest-u-s-bull-market-has-failed-to-fix-the-nations-public-pensions-11554888600

Click Subscribe to keep up to date on the world of fintech!

Reach us at [email protected] or at @fintechnewscast onTwitter.

Click Subscribe to keep up to date on the world of fintech!  Reach us at [email protected] or at @fintechnewscast onTwitter

Article Links

Apple to Launch Services and Apple Card https://www.wsj.com/articles/apple-to-launch-new-magazine-service-called-apple-news-plus-11553534113?mod=searchresults&page=1&pos=4

New Jersey bill would broaden PII requiring breach notification https://www.scmagazine.com/home/security-news/new-jersey-bill-would-broaden-pii-requiring-breach-notification/

Venmo to Users: If You Owe Us Money, We’re Coming for It https://www.wsj.com/articles/venmo-to-users-if-you-owe-us-money-were-coming-for-it-11553518800?mod=searchresults&page=1&pos=3

ZestFinance Using AI To Bring Fairness To Mortgage Lending https://www.forbes.com/sites/donnafuscaldo/2019/03/19/zestfinance-using-ai-to-bring-fairness-to-mortgage-lending/#305996d17f2d

Click Subscribe to keep up to date on the world of fintech!

Reach us at [email protected] or at @fintechnewscast onTwitter.

Article Links

Impact of social credit in China

https://www.apnews.com/9d43f4b74260411797043ddd391c13d8

Global Payments Merger

https://www.wsj.com/articles/fidelity-national-information-services-to-buy-worldpay-for-35-billion-11552895935?mod=hp_lead_pos3

Why Goldman Sachs Is Interested in a Small Bike Shop in Mexico

https://www.wsj.com/articles/why-goldman-sachs-is-interested-in-a-small-bike-shop-in-mexico-11552555801