Revolut’s US payment flaws allowed thieves to steal $20mn; China wraps up fintech crackdown with big fines on Tencent, Alibaba;

In this edition:

1️⃣ Revolut’s US payment flaws allowed thieves to steal $20mn

2️⃣ US fintech Clair raises $175m towards earned wage solution

3️⃣ Consumer payments show us the potential for embedded finance

4️⃣ China wraps up fintech crackdown with big fines on Tencent, Alibaba

5️⃣ Neither evolution nor revolution

6️⃣ What’s going on in the checking account m…