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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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…
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TodayPay Emerges from Stealth at Money 20/20
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…
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Stash Hires Independent Audit Chair Amy Butte, Eyes IPO
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…
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Wells Fargo Announces Expanded Availability of LifeSync Feature
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…
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Financial Safety Platform Carefull Raises $16.5 Million
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…
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Orum Announces Launch Bank Account Verification Tool
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.…
