With the rise of digitally native brands like Apple, Facebook, GooglePay, Acorns, and Robinhood, we see a systemic change in the way brands are disrupting the financial ecosystem. The companies that are going to survive this disruption already have, or are quickly building, a more modern architecture. We anticipate the marketplace to look a lot different in three-to-five years than it does right now. Banks and asset managers will either consolidate or, in some cases, they’ll enter zombie status. We’re also starting to see an uprising in non-financial players in this market. Q3 2020 hedge fund ...
ValueWalk
A judge has blocked the US government's attempt to ban the Chinese-owned app, WeChat.US Magistrate Judge Laurel Beeler raised concerns about the ban infringing on people's right to free speech.The Department of Commerce had announced it was planning to remove the messaging and payment app from the US app stores on Sunday (20.09.20).Trump's administration claimed WeChat poses a national security threat and could share users' data with the Chinese government, something WeChat has strongly denied.It comes as Trump gave his "blessing" to a proposed deal which will stop TikTok facing a nationwide b...
BANG Showbiz English
New York (AFP) - A US judge on Sunday blocked the government's ban on WeChat downloads, hours before it was due to take effect in an ongoing technology and espionage battle between Washington and Beijing.The Trump administration had ordered a ban on downloads of the messaging platform WeChat as well as hugely popular video-sharing app TikTok, both owned by Chinese companies. Both bans have now been suspended.A California court ruling said it granted a "motion for a nationwide injunction against the implementation" of the government order on WeChat, with the judge citing concerns over free spee...
AFP
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