Category: 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.
FinTech News
TodayPay Emerges from Stealth at Money 20/20
by Kyle Burbank
A FinTech solution called TodayPay has launched from stealth mode, debuting at the Money 20/20 conference in Las Vegas. About TodayPay: Describing itself as a "Refunds as a Service" platform, TodayPay allows retailers to offer more refund options to consumers. As the company explains, their service separates refunds from returns — which they see as decoupling payment from a logistics problem. With TodayPay, consumers will not only be able to...
FinTech News
Stash Hires Independent Audit Chair Amy Butte, Eyes IPO
by Kyle Burbank
The stock trading app Stash has hired an independent audit chair as the company reportedly moves toward an IPO. About the hire (and what it means): Recently, Stash announced that it had tapped Amy Butte to serve as the company's first independent audit chair. Previously, Butte has served as director, advisor, and CFO for several companies. Additionally, she currently serves on the boards of Bain Capital Specialty Finance and DigitalOcean,...
FinTech News
Wells Fargo Announces Expanded Availability of LifeSync Feature
by Kyle Burbank
Wells Fargo has announced that its bringing a new feature to more of its digital banking customers. About LifeSync: Originally launched to Wells Fargo Wealth & Investment Management earlier this year, LifeSync has now rolled out to all consumer customers. With this feature, users can create financial goals as well as track their progress. Among the personalized information that the LifeSync feature provides are account summaries, FICO credit scores, and...
FinTech News
Financial Safety Platform Carefull Raises $16.5 Million
by Kyle Burbank
A service that helps protect consumers from scams and other financial mistakes has raised a new round of funds. About the round: This week, Carefull announced that it had closed a $16.5 million round. The Series A was led by Fin Capital with participation from Bessemer Venture Partners, TTV Capital, Commerce Ventures, Montage Ventures, and Alloy Labs. To date, the company has now raised a total of $19.7 million. About...
FinTech News
Orum Announces Launch Bank Account Verification Tool
by Kyle Burbank
Orum has launched its new bank account verification tool aptly named Verify. About the tool: The payments API FinTech Orum has announced its new tool Verify. Built on top of the Federal Reserve's new FedNow platform, Orum says that Verify is able to confirm whether a bank account is open and valid within 15 seconds. The tool supports all United States-based consumer and business bank accounts. About FedNow: The Federal...
FinTech News
PayPal, Venmo Credit and Debit Cards Add Apple Pay Support
by Kyle Burbank
PayPal and Venmo cards are coming to iOS devices thanks to an update. About the update: Earlier this week, PayPal announced that PayPal and Venmo credit and debit cards could now be added to Apple Wallet. As a result, cardholders can use their eligible cards via Apple Pay in order to make purchases and earn rewards. This includes purchases made in-store, online, and in apps. Cards can not only be...
FinTech News
Arro Officially Launches in App Stores, Partners with Dovly
by Kyle Burbank
A FinTech with a unique credit-building card option is officially launching its service on major app stores. About Arro's launch: This week, Arro announced that it was now officially available in the Apple App Store as well as the Google Play Store. In turn, the credit-building Arro Card will now be available to the general public. Arro aims to make the world of credit more inclusive and accessible by using...