Personal Finance News
FinTech News
Wirex Announces Multi-Currency Visa Travelcard with "Cryptoback" Perk
Ready for the next generation of payments? The currencies platform Wirex says it has arrived. At this week's Singapore FinTech Festival, the company unveiled its new Wirex Visa Travelcard. The card will launch in the Asia-Pacific (APAC) region, which they note has an $800 billion payments industry. Wirex says that Visa Travelcard customers will be able to take advantage of the best exchange rates on fiat and crypto currencies. Among...
FinTech News
Number of U.S. Bank Branches Declining Overall, But Not Everywhere
Between the increasing functionality of mobile banking apps and the onslaught of FinTech challenger banks entering the space, it should be no surprise that the number of brick and mortar bank branch locations in the United States has declined significantly in the past several years. What may be surprising, however, is that this isn't the case for some aress. As Quartz reports, there are some Americans communities that are bucking...
Economic News
IRS Increases Standard Deduction, Tax Bracket Incomes for 2020
Everyone knows that tax season doesn't really get underway until at least February as citizens scramble to complete their returns before April. However, with the end of the calendar year just ahead, the Internal Revenue Services — better known by the simple initials IRS — is already talking taxes. This week the agency officially revealed changes for the 2020 tax year, including an increase to the standard deduction and adjustments...
Personal Finance News
Survey Shows Several Deferred Interest Misconceptions
While the infamous "Black Friday" that officially kicks off the holiday shopping season may still be a few weeks away, many consumers are already making their lists and checking them twice. During this process, buyers might come across special "0% interest" offers, seemingly allowing them to finance big-ticket items without paying extra. However, as a new survey from WalletHub highlights, such deals might not be what they seem, with many...
FinTech News
Deserve Announces $50 Million Round Led by Goldman Sachs
Another FinTech (or FinTech-adjacent) firm has just announced a big fundraising round. As TechCrunch reports Goldman Sachs is leading a $50 million Series C for Deserve. Also joining the round are previous investors Sallie Mae, Aspect Ventures, Mission Holdings, Pelion Venture Partners, and Accel. Although Deserve's co-founder and CEO Kalpesh Kapadia stated that this latest round would lead the company to profitability, he declined to disclose what valuation the round...
Small Business News
Amazon Reveals Small Business Academy Educational Initiative
It looks as though Amazon is once again showing its dedication to small business owners and attempting to aid in their success. Recently the online marketplace announced the launch of the Amazon Small Business Academy. This initiative will include webinars and in-person seminars focused on how entrepreneurs can leverage the Internet to grow their brand and sales. The first Amazon Small Business Academy session was held in Southaven, Mississippi last...
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