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What you need to know about Chinese mobile payments

You can almost smell the end of August. And as the summer fades to our memory, there's a palpable ex
August 20 · Issue #96 · View online
Tearsheet Weekly Newsletter

You can almost smell the end of August. And as the summer fades to our memory, there’s a palpable excitement about what the Fall of 2017 has in store for fintech. More money, more deals, and (hopefully?) more paying customers.
– Zack Miller, Tearsheet
P.S. We’re putting the final touches on next month’s agenda for our Hot Topic: Bitcoin and Blockchain event. And it’s smokin’. We’ve got senior blockchain executives from firms like Fidelity and Citi talking inside baseball. Click here to join us.

SoFi battles its first major PR crisis
With accusations of sexism, harassment and cancellations of loan applications that had internal errors, the company hopes to avoid the negative blowback similar issues have had on Well Fargo and Uber. SoFi is facing its biggest PR hurdle yet.
What you need to know about financial services fraud
There are three distinct patterns of fraud: transaction fraud, application fraud and account takeover fraud. Fraud is growing so much that the word has become kind of vague. We break down what fraud is and how it happens.
Canada is getting serious about attracting fintech talent
Talk of changes to the U.S. H-1B visa program is working in Canadian firms’ favor. Forward-thinking firms are looking to capitalize on attracting more fintech talent.
Cheatsheet: What you need to know about Chinese mobile payments
WeChat and Alipay, the dominant Chinese forces in mobile payments, offer quick and easy payments. And not just at Starbucks…People use mobile payments to pay bills, for transportation, movie tickets, and even karaoke. Here’s what you need to know about mobile payments in China.
Podcast: Edison Partners' Chris Sugden on investing in fintech
Many fintech investors look to invest in early stage companies getting out of the gate. Edison Partners’ Chris Sudgen likes to invest in fintech that’s already seriously ramping revenues. The growth investor is our guest this week on the Tearsheet Podcast.
Finance brands are hot on content marketing
Robust content offerings are moving from differentiator in fintech to an almost must-have. From Chase to Acorns to Bond Street, financial technology firms are on a mission to educate customers and promote financial literacy.
How RBC is using a blockchain to overhaul its loyalty program
Some customers have to wait upwards of 8 weeks to get access to the points they’ve earned on credit card purchases. RBC is looking to blockchain to bring real-time access to rewards, creating a “Starbucks-like” experience.
Why fintech startups love advertising on the NYC subway
TransferWise, SoFi, and Venmo are all vying for subway riders’ attention. They may be building digital platforms, but these fintechs are getting heavier into print advertising.
Fintech chart of the week
Bitcoin breaks $4000 -- with big price jumps over weekends
What we're reading
  • How Amazon’s Alexa will upend wealth management (Financial Planning)
  • Tencent will increase investment in payments, AI (Bank Innovation)
  • Goldman adds pay, perks in Silicon Valley war for tech talent (Bloomberg)
  • Here’s what an uptick in the US IPO market could mean for fintechs (Business Insider)
  • Wells Fargo also gouged small businesses on credit-card fees (Boing Boing)
  • Why cities should stop fighting big banks and create their own (Salon)
  • How brokerage app Robinhood got millennials to love the market (Fast Company)
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