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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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…
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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…
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Venmo Announces Rewards Program for Debit Cardholders
In just the past couple of years, the number of FinTechs offering their own debit card products has exploded. Thus it only makes sense that these companies would want to find new and creative ways to incentivize use of these various cards. That seems to be the playbook popular peer-to-peer payments app Venmo is following,…
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Credit Karma Debuts High-Yield Savings Product
If you’ve ever wanted to check your credit score for free online, there’s a great chance you’ve encountered Credit Karma. Started in 2007, the site has not only become a leader in the space but has also grown into one of the largest FinTech operations in the U.S. with a valuation of more than $4…
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OCC’s FinTech Charter Plans Struck Down by Judge
Ever since the Office of the Comptroller of the Currency announced plans to offer FinTech startups special purpose national bank charters, the move has been marred in controversy. In addition to criticism from politicians, those plans led to lawsuits being filed by state regulators and the Conference of State Bank Supervisors alike. Now a judge…
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Bitcoin IRA Announces Interest-Earning Crypto Accounts
The idea of treating cryptocurrencies as an investment is certainly not new. Unfortunately, due to the volatile nature of most digital currencies, it can be difficult for investors to play the long game. Now Bitcoin IRA is looking to incentivize long-term crypto holders by allowing them to earn interest on their crypto and cash through…
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Venmo Announces Credit Card to Launch Next Year
It looks like Venmo is getting into the credit card game. The reveal of plans for a Venmo card came as the app’s parent company PayPal announced it was expanding its relationship with Synchrony. As a result, the bank will be the exclusive issuer of the upcoming card. While few details about the Venmo credit…
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Upgrade Inc. Introduces Upgrade Card Credit Card
Last year the FinTech lender Upgrade announced it was launching a new personal line of credit option for its customers. At the time the company’s co-founder and CEO (and former Lending Club head) Renaud Laplanche declared, “We’re going to replace credit cards.” Now, 18 months later, Upgrade is actually introducing a credit card of their own…
