Fintech Daily Information Briefing on [July 16, 2021]
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The following is the Fintech Daily Information Briefing on [July 16, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. The Korean authorities have promoted closer cooperation between the insurance industry and the health care industry
On July 14, 2021, the Korean Financial Services Commission held a meeting to discuss promoting the role of insurance companies in the field of health care services. Previously, the Korean government has carried out a series of regulatory reforms to allow insurance companies to provide health care related services to general users, set up health care or my data digital service subsidiaries, and use public health care data managed by the medical insurance review and Evaluation Service Center (HIRA). The Korean government said it would continue to promote industry reform, allow insurance companies and their subsidiaries to provide platform-based digital health-care related services, strive to reduce service costs and speed up the business registration process. In addition, the Korean government also plans to establish a big data consulting agency to be responsible for the safe management and use of public health care related data.
[2]. The charging method is not transparent. Lendingclub received a $18 million fine from the Federal Trade Commission
On July 14, 2021, lendingclub, an online loan platform, said that it was willing to accept the punishment of the Federal Trade Commission (FTC) and agreed to pay a total fine of US $18 million. In April 2018, FTC filed a lawsuit against lendingclub, accusing it of repeated deduction, falsely claiming “zero fee”, illegally charging hundreds or even thousands of yuan of early loan fees, misappropriating funds in consumer bank accounts without authorization and many other violations. FTC said that lendingclub’s move not only hurt users, but also affected the overall market order.
[3]. Digital bank revolution received US $800 million financing, led by vision fund and tiger global
On July 15, 2021, digital bank revolut announced that it had completed a new round of financing of US $800 million with a valuation of US $33 billion. Vision fund of Softbank and tiger global led the investment, which together held less than 5% of the company’s shares. Mikko salovaara, chief financial officer of revolut, said that revolut had no immediate IPO plan. He did not rule out the possibility of IPO this year, but said it was unlikely. Revolut managed to break even in the second half of 2020 and achieved “strong profitability” in the first quarter of this year.
[4]. Facebook will pay more than $1 billion to content creators by the end of 2022
Facebook plans to invest more than $1 billion to attract more content creators to its social network, the Wall Street Journal reported. When announcing the plan on Wednesday, Facebook CEO Mark Zuckerberg said that the investment would be used to encourage users to produce high-quality content on Facebook and instagram by 2022.
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