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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Current Increases Top Paycheck Advance Limit
After teasing a change on social media, the neobanking app Current has announced an update to its Paycheck Advance feature. About Current’s Paycheck Advance Increase: Following an update, Current customers will now be able to request an even larger advance on their paychecks using the platform. Now, users can qualify for up to $1,000 from…
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Upgrade Applies to Become an Industrial Loan Bank
The company Upgrade has become the latest FinTech to pursue becoming a bank. About Upgrade’s Application: This week, Upgrade revealed that it has submitted an application to the Nevada Financial Institutions Division to become an industrial loan bank. The FinTech also applied with the Federal Deposit Insurance Corporation (FDIC). If approved, Upgrade Bank would be…
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Rove Partners with Cardlytics For Card-Linked Offers
Rove is expanding its rewards program with the help of Cardlytics. About the Rove-Cardlytics Partnership: Recently, Cardlytics announced that its Rewards Platform would be integrated into Rove, making it even easier for customers to earn airline miles. Now, Rove members can link their credit or debit cards to earn Rove Miles on select purchases. Then,…
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M1 Introduces Fiduciary AI-Powered M1 Advisor Tool
A FinTech brokerage has officially launched its latest AI tool. About M1 Advisor: This week, M1 introduced M1 Advisor. Billed as a fiduciary AI financial advisor, the new tool is built into the platform and can offer personalized insights to clients. The AI-powered M1 Advisor will be able to view information across clients’ various M1…
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Monarch Acquires Company Formerly Known as HMBradley
The growing personal finance app Monarch has announced a new acquisition, while also highlighting a major milestone. About Monarch’s Acquisition of MBI: Today, Monarch revealed that it had acquired the company MBI (formerly known as HMBradley). As MBI CEO Zach Bruhnke explains, while the neobank then known as HMBradley ended customer services in 2023, the…
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OnePay Expands Into Teen Banking, Adds Family Features
The Walmart-backed FinTech OnePay has announced new offerings tailor-made for teens. About OnePay for Teens: This week, OnePay announced the launch of new family banking features. Now, teens ages 13 to 17 can have a OnePay account managed by their parents, which can transition to them once they turn 18. With these teen accounts, parents…
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AI-Powered Financial Advice Tool Evergreen Launches Public Beta
A new AI financial resource from a familiar name has officially launched to the public. About Evergreen.AI: This week, entrepreneur Bill Harris announced the launch of a new platform called Evergreen.AI. The venture is the latest from Harris, who previously had a hand in founding One Finance (now OnePay) and Personal Capital. He also served…
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Chime Set to Acquire Stride Bank, Create Chime Bank
One of the largest neobanks has announced plans to purchase its partner bank. About Chime’s Acquisition of Stride Bank: This week, Chime announced that it had entered into a definitive agreement to acquire Stride Bank. Chime will pay $590 million in cash for the bank. Stride is a nationally chartered bank that was founded in…
