Fintech Revolution – Re-shaping the global financial system

Fintech Revolution – Re-shaping the global financial system

Business Review attended a series of events organized by La villa numeris, a French digital think tank, in the framework of French Season in Romania, designed to foster cooperation between Romanian and French companies in leading the digital industries of both countries. - By: Aurel Dragan

Why Is Uber Hiring So Many Fintech People?

Why Is Uber Hiring So Many Fintech People?

In an article titled Uber is making a fintech push with a New York hiring spree, CNBC reported that: Uber is expanding its financial services efforts by hiring several dozen engineers and product managers in New York, `{`which`}` could eventually exceed 100 workers. Uber is looking to tap New York’s talent pool, which is deeper when it comes to fintech and bank workers than its hometown of San Francisco. Uber is currently shopping for a block of office space as large as 300,000 square feet.`` - By: Ron Shevlin

China’s central bank releases 3-year fintech development plan

China’s central
bank releases 3-year fintech development plan

The People’s Bank of China (PBOC) on Thursday released (in Chinese) a three-year plan with the aim to strengthen support for the fintech sector and curb its risks. Why it matters: The rapidly expanding fintech sector has been outpacing the central government’s capacity to establish a comprehensive legal and regulatory framework, leading to consumer fraud and the quick rise and fall of the peer-to-peer lending segment. - By: Nicole Jao

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