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China Central Bank to Set Standards for 17 Fintech Categories, Including Blockchain – CoinDesk

China Central Bank to Set Standards for 17 Fintech Categories, Including Blockchain – CoinDesk

“Speaking at a meeting of the National Technical Committee, PBoC vice president Yifei Fan said the bank aims to better regulate new technologies applied across the financial industry, according to a report from state media Xinhua News Agency. Fan said blockchain is among 17 categories of financial technologies, including cloud services and artificial intelligence, to [...]

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Galileo Teams With Mastercard to Offer Instant Debit Cards Across a Wide Range of Industries

Galileo Teams With Mastercard to Offer Instant Debit Cards Across a Wide Range of Industries

“The trend toward faster payments involves several dimensions, one of which is faster card delivery to a wide array of sponsors and users who until now had little or no access to cards branded by a global network. Galileo Financial Technologies Inc. said Thursday its offering that capability with an instant-issuance service for Mastercard-branded debit [...]

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Personal loans are ‘growing like a weed,’ a potential warning sign for the U.S. economy

Personal loans are ‘growing like a weed,’ a potential warning sign for the U.S. economy

“Experts are surprised to see millions of Americans taking on so much personal loan debt at a time when the economy looks healthy and paychecks are growing for many workers, raising questions about why so many people are seeking an extra infusion of cash.  “Definitely yellow flares should be starting to go off,” said Mark [...]

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