Skip to main content

Affirm’s Levchin Opposes Tech Breakup — The Information

xxx

Levchin said he first got comfortable with the regulations in the financial sector when he worked at PayPal. At Affirm, he has embraced them because they tend to discourage would-be rivals in the tech industry who don’t want to deal with the hassles of operating in a highly regulated industry, he said.

“I’m a big fan of regulation, actually,” Levchin said. “If you’re smart about it, it becomes a competitive advantage.”

Affirm’s Levchin Opposes Tech Breakup — The Information:

xxx

Comments

Popular posts from this blog

We could fix mobile security, you know. We don't, but we could

Earlier in the week I blogged about mobile banking security , and I said that in design terms it is best to assume that the internet is in the hands of your enemies. In case you think I was exaggerating… The thieves also provided “free” wireless connections in public places to secretly mine users’ personal information. From Gone in minutes: Chinese cybertheft gangs mine smartphones for bank card data | South China Morning Post Personally, I always use an SSL VPN when connected by wifi (even at home!) but I doubt that most people would ever go to this trouble or take the time to configure a VPN and such like. Anyway, the point is that the internet isn’t secure. And actually SMS isn’t much better, which is why it shouldn’t really be used for securing anything as important as home banking. The report also described how gangs stole mobile security codes – which banks automatically send to card holders’ registered mobile phones to verify online transactions – by using either a Trojan...