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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Apple Reportedly Ending Partnership with Goldman Sachs
It looks as though Apple and Goldman Sachs will be moving forward with a break-up of their partnership. What’s happening: According to a new report from The Wall Street Journal, Apple has now proposed that it and Goldman Sachs end their contract within the next 12 to 15 months. This development comes after months of…
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Varo Bank Increases Limit for Its Varo Advance Feature
With the holiday shopping season now underway, Varo Bank is giving customers a way to access more cash instantly. About Varo Advance and the update: Varo has announced that it’s increasing the maximum borrowable amount for its Varo Advance feature. Now, customers can access up to $500 using the service. Not only is this new…
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Youth-Centric Neobank Step Launches Step Black Card
Step, a neobank that looks to appeal to younger adults, has announced the debut of a new card option. About Step Black: This week, Step officially launched the Step Black card. Previously, the card gained a waitlist of more than 100,000 people. Now, customers can sign up for the secured card that can help young…
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Regions Bank Announces Partnership with Self Financial
Regions Bank is promoting a new way for its customers to build and establish credit thanks to a collaboration with Self. About the partnership: This week, Regions Bank announced a new partnership with Self (formerly known as Self Lender). While the FinTech may be best known for its credit builder loan product, this partnership with…
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eTip Introduces Instant Restaurant Tip Payouts to Platform
A FinTech service that specializes in cashless tipping is now looking to help waitstaff retrieve their gratuity more quickly. About the new tool: This week, eTip announced that it was introducing a new restaurant tip payout platform. With this option, locations will be able to offer instant payouts to their workers, with funds going directly…
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Intuit Closing Down Mint, Shifting Users to Credit Karma
Intuit has announced plans to close down its popular budgeting app Mint. What’s happening: In a blog post, Intuit revealed that it would be closing down the Mint platform on January 1st, 2024. With the app’s demise, the company is inviting Mint users to join Credit Karma. Intuit states that it intends to “build on…
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Older Adult Banking Service Charlie Raises $23 Million
A neobank built to serve older adults has raised a new round of funding. About the round: This week, Charlie announced that it had raised $23 million. Specifically, the round included $16 million in equity as well as $7 million in debt. The Series A was led by TTV Capital and included participation from FPV…
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Greenlight Forms Credit Union Service Organization
A popular FinTech with a focus on family finance has announced the formation of a new organization and a new strategic investment. About Greenlight’s Credit Union Service Organization: Greenlight has formed a Credit Union Service Organization, aptly called the Greenlight Financial CUSO. As part of this program, credit unions can offer the Greenlight platform to its…
