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Category: FinTech News

Varo Money management team
FinTech News

Mobile Bank Varo Money Refiles for FDIC Insurance

by Fioney Staff
For years one of the big questions surrounding FinTech is whether startups could one day become their own independent banks. Although a few companies have attempted to obtain charters of their own, they've had varying levels of success — none of which have been overwhelmingly positive. However, as Crowdfund Insider reports, this week Varo Money reapplied for FDIC insurance, moving them one step closer to becoming a true bank. This...
N26 app and debit card
FinTech News

European FinTech N26 Launches Banking Features in the U.S.

by Fioney Staff
Believe it or not, FinTech isn't just a Silicon Valley or even American phenomenon. In reality the world market is filled with startups looking to improve the financial lives of customers in their home countries and beyond. Now, as TechCrunch reports, one such overseas startup — Europe's N26 — is opening its banking features up to those stateside. In terms of what N26's U.S. accounts will offer, they're pretty much...
group of workers gathered around a table with a computer
FinTech News

Utah Unveils FinTech Sandbox Program

by Fioney Staff
Attention FinTechs: the Beehive State is calling. As Deseret News reports, this week the Utah Department of Commerce Tuesday announced the formation of a regulatory sandbox. Under this program, participants will be allowed to test various new financial products and services that would typically require a license. However these overrides will be limited and participants will be overseen by Utah's Department of Commerce, which will also handle the application process....
woman holding a phone with BofA app
FinTech News

Bank of America Introduces Digital Debit Card Option For Customers

by Fioney Staff
Bank of America is introducing a new feature that will make it easier for customers to access their debit cards from their mobile phone. Now, using the Bank of America app, customers will be able to request a digital version of a new or replacement debit card. These cards can then be used immediately via Apple Pay, Google Pay, or other mobile wallets. In addition to being accepted at several...
Tally app screenshot
FinTech News

Automated Finance App Tally Raises $50 Million

by Fioney Staff
When Silicon Valley looks at FinTech, they still see dollar signs. At least that's what the recent string of investments would suggest, with the automated finance app Tally being the latest recipient. As Fortune reports, the app has just closed a $50 million funding round. The Series C round was led by Andreessen Horowitz (a16z) with additional participation from previous investors Kleiner Perkins, Shasta Ventures, Cowboy Ventures, and Sway Ventures. This...
Google and PayPal logos
FinTech News

Google, PayPal Reportedly Nixed OCC Bank Charter Opportunity

by Fioney Staff
It's now been nearly a year since the Office of the Comptroller of the Currency opened up applications for their Special Purpose National Bank charters — more commonly referred to as FinTech bank charters. In that time state regulators have taken issue with the plan, with some filing lawsuits against the agency. Meanwhile few firms have taken the OCC up on their offer. According to a report by American Banker,...
Uber
FinTech News

Uber Reportedly Looking to Expand into FinTech

by Fioney Staff
Just over a month after its initial public offering, Uber is apparently looking to diversify its offerings while still pleasing their target demographic. According to a CNBC report the ride-hailing company is now eyeing an expansion into the realm of FinTech. While it's unclear exactly what these plans would entail, it seems that internal efficiencies along with perks for customers could all be in the cards. Reports suggest that Uber...
Finn mobile app on different phones
FinTech News

Chase Closing Down Its Finn Mobile Bank App

by Fioney Staff
Back in October 2017, JP Morgan Chase announced the launch of a Millennial-targeted mobile bank called Finn. In addition to offering customers access to Chase ATMs and allowing them to deposit checks, it also had some unique features such as the ability to rate transactions using emojis. Now, 18 months later, the bank account that is Finn will soon be no more. According to Forbes, JP Morgan will fold Finn...
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Small Business News

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

by Kyle Burbank
Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
Summer app
FinTech News

Student Loan Benefit FinTech Summer Raises $6 Million

by Fioney Staff
For years, student debt has been one of the most talked about financial topics. What's more, while the debt itself has become a major part of many Americans' lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech that brings student debt benefit solutions to employers and consumers has raised a new round...
Melissa Urban holding a Ness card
Credit Cards

Health and Wellness Rewards Card Ness Partners with Whole30

by Fioney Staff
In recent years, several unique rewards cards have come to market. These include offerings from FinTech startups as well as brands looking to do something special for their loyal fans. On that note, a recently-announced rewards credit card offering is now working with a popular brand to introduce new benefits for customers. This week, the Ness Card (which is issued by The Bank of Missouri) unveiled a new partnership with...
Choice Privileges Select Card
Credit Cards

Choice Hotels, Wells Fargo Debut Choice Privileges Select Card

by Fioney Staff
With spring well underway and the summer travel season now just around the corner, Choice Hotels and Wells Fargo have unveiled their latest co-branded credit card offering. Today, the two companies announced the Choice Privileges Select Mastercard. Carrying an annual fee of $95, this card will serve as the premium option in the hotel brand's new lineup. Looking at the Choice Privileges Select, it offers a mix of rewards categories....
H-E-B and Central Market  credit cards
Credit Cards

Imprint Launches Credit Cards from H-E-B and Central Market 

by Fioney Staff
The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...