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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A Look at FinTech’s “Minotaurs”
Have you ever encountered a minotaur? Well, a minotaur company, that is? Just as the name “unicorn” has become a popular term for private companies valued at more than a billion dollars, Axios has coined the term “minotaur” to describe startups who have raised upwards of one billion in funding. In all the site found…
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Coinbase Pro Adds XRP to Exchange
At long last one of the top cryptocurrency exchanges has added support for one of the most popular digital assets. This week Coinbase announced that it was bringing Ripple (XRP) to Coinbase Pro, joining other coins such as Bitcoin, Etherum, Litecoin, and others. Since the announcement, XRP has seen prices increase by more than 3%…
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Apple, Goldman Sachs Reportedly Planning Credit Card with iPhone Features
Depending on who you ask, rewards credit cards are either a hackable finance tool or an all too tempting trap. Nevertheless several companies have taken a shot at entering the crowded market to varying levels of success. Now comes word that two major companies could be coming out with a new card that offers a…
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SoFi Introduces SoFi Invest for Active and Automated Trading
When it comes to FinTech firms, expansion is the name of the game. Often times this means diversifying your offerings in a logical way in order to gain customers and bring them into your ecosystem. That’s exactly what SoFi is aiming to do, launching new brokerage account options for either active or automated investing. According…
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Plans for a Federal FinTech “Sandbox” Draw Controversy
With the rise of FinTechs over that past decade or so, one of the big questions that has plagued regulators is how to protect consumers from these new financial products without stifling progress. One proposed solution that’s been adopted both abroad and at home is the concept of a “sandbox” that allows approved companies to…
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Chase Announces JPM Coin Digital Token
One of the goals of cryptocurrencies is to achieve decentralization and free consumers from relying on banks. Yet, this week, one of the top banks in the U.S. revealed that it’s backing its own digital currency — JP Morgan Chase has announced the creation of JPM Coin. As CNBC reports, the coin was created to…
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Square’s Jack Dorsey Only Shows Interest in Bitcoin
This week, Square CEO Jack Dorsey took to Twitter (the other company he serves as CEO of) to talk about cryptocurrency. More accurately, he took questions about Bitcoin, noting that it’s the only crypto asset he owns. But that’s not all — Dorsey went on to suggest that his Square Cash app will share his…
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Plaid Introduces Auth Product, Adding Thousands of Banks to API
If you’re a user of a personal finance app that relies on data provided from your banks, there’s a very strong chance you’ve used Plaid’s API to make that connection happen. Prior to today Plaid offered quick authentications for approximately 3,800 banks, allowing users to simply log into their accounts and provide various apps with…
