FinTech News
Fascinated by the rapidly evolving world of financial technology? Our FinTech news category is your insider’s guide to the most cutting-edge innovations disrupting the finance industry. Get up-to-date coverage on the latest breakthroughs in digital banking, cryptocurrency, investing, and more.
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Till Launches Family Financial Platform with $5 Million in Funding
Another FinTech that seeks to help parents teach children about money is ready to welcome new users. This week, the family-centric banking platform Till announced that the platform was now available to all, while also revealing that they’d raised more than $5 million for the launch. Those who have contributed to Till’s funding include Elysian…
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WeWork to Begin Accepting Cryptocurrencies for Payment
After a relatively steady climb in recent months, the cryptocurrency market is back to its volatile ways. Between Dogecoin’s rapid rises and Bitcoin’s flash crashes, some investors may be reminded why they avoided the asset class in the first place. Nevertheless, the acceptance of crypto is continuing to grow, with WeWork now joining the list…
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Mastercard to Acquire Ekata for $850 Million
Just a few months after Mastercard completed its purchase of the FinTech firm Finicity, the company is looking to make another buy. This morning, Mastercard announced plans to acquire the identity verification platform Ekata for $850 million. The transaction is subject to regulatory review but is expected to close within the next six months. Additionally,…
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American FinTech Council Now Has More Than 75 Members
Last month, the Marketplace Lending Association and the Online Lending Policy Institute announced that they would be merging to form the American FinTech Council (AFC). In doing so, one of the stated goals of the group was to assemble an even larger coalition of banks and financial services companies. It seems as though that is indeed…
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Coinbase Makes Its Nasdaq Debut as Crypto Surges
As cryptocurrencies continue to make their way towards mainstream acceptance, one major crypto-centric company is making a splash on Wall Street. This afternoon, Coinbase successfully went public, with its stock now listing on the Nasdaq under the ticker symbol $COIN. According to CNBC, the platform opened at $381 a share — well ahead of its…
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Automated Identity Verification Tool Veriff Raised $69 Million
One of the major challenges inherent to the FinTech sector involves regulation. While many startups aim to offer an easy and seamless experience to users, there are still several important steps they need to take in order to onboard customers while remaining compliant. This includes verifying the identity of applicants in order to prevent fraud.…
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Plaid Raised $425 Million After Visa Deal Falls Through
If you’ve used any number of financial apps over the past few years, there’s a strong chance that you’ve encountered the name Plaid. The firm’s API allows applications to securely connect to users’ banking accounts and retrieve read-only data, enabling aggregation tools among others. This technology has allowed Plaid to grow into one of the…
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SoFi to Launch IPO Investing Feature for Customers
For many years, while everyday investors may have heard about upcoming initial public offerings (IPOs), buying shares at the original asking price was a right reserved for much larger investors. This reality has remained even as the popularity of retail investment apps has risen. Well, at long last, it seems this could be changing as…
