Fintech Convenience Puts Privacy at Risk in China

While the Chinese have been quickly adopting fintech in recent years it has come at a cost to the consumer; the Chinese government is able to view troves of information as payment apps like Alipay and WeChat Pay now need to pass through the central bank; not only in fintech but other areas of tech innovation, like facial recognition, has been a boon to the government; while apps and services are making lives simpler and more efficient, they can also help to make government intrusion a lot easier. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.