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.
The World Economic Forum in collaboration with The European Sting puts forward the interesting idea that the impact of fintech...
The Ant Group is slated to go public with a valuation around $200bn, which makes it the world’s highest valued...
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