China CITIC Bank and Baidu announced the creation of AiBank as they look to take advantage of the innovating China fintech market; the bank will provide lending services to consumer and SMBs, be comprised of 60 percent tech workers and leverage big data and AI; “AiBank is the future of intelligent finance … It is an institution that understands customers best and understands finance best,” noted Baidu’s COO, Qi Lu. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.