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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Mastercard Announces 10 FinTechs to Participate in Latest Start Path Program
Mastercard is once again looking toward the future of FinTech, announcing the 10 startups that will join the company’s Start Path program. This year’s selected companies include: Carry1st, FISPAN, Lendio, LISNR, Mocafi, MO Technologies, Panda Remit, Paycode, Fanbank/Plink, and Subaio. These startups will participate in a six-month program where they will not only work on…
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Justice Department Files Lawsuit to Block Visa’s Plaid Acquisition
Reports that the United States Department of Justice was considering action against Visa in regards to their planned acquisition of Plaid came to fruition this morning. As TechCrunch reports, the Justice Department has filed suit against both companies on antitrust grounds. Earlier this year, Visa announced that it intended to purchase Plaid for an eye-popping…
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Zelle Tops 1 Billion Transactions in the Past 12 Months
When it comes to peer to peer payments, often times FinTechs such as Venmo, Square Cash, and others come to mind. Yet, one competitor has managed to grow without much fanfare: Zelle. Now, Early Warning Services, LLC (the network operator behind Zelle) announced that the service recently achieved a major milestone. According to Zelle, the…
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Credit Karma Reportedly in Talks to Sell Tax Prep Platform to Square
Earlier this year, Intuit announced plans to purchase the personal finance tool Credit Karma for a whopping $7.1 billion. Of course, with Intuit perhaps being best known for its TurboTax software, one major question about the proposed purchase was what would become of Credit Karma’s free Credit Karma Tax service? Now reports suggest that that…
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Acorns App Launches Job Finder Powered By ZipRecruiter
Those seeking a side hustle, additional part-time job, or new career now have another resource for finding available positions. This week, the micro-investing app Acorns unveiled a new job finder tool, with listings powered by ZipRecruiter. To find this feature, users will first want to navigate to the “Earn more money” section (formerly “Found Money”)…
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Hack Affects “Almost 2,000” Robinhood Accounts
It seems that the uber-popular trading app Robinhood has run into more issues. According to a report from Bloomberg, a hack left nearly 2,000 Robinhood accounts compromised. In some cases, those accessing the accounts sold off assets being held and transferred the funds. While Robinhood didn’t offer many details on their findings, they state that…
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Crypto Card Issuer Ternio Joins Visa’s Fast Track Program
Visa’s Fast Track program has found its newest participant: blockchain card issuer Ternio. By partnering with Visa, Ternio says it will be able to make it even easier for other FinTechs to introduce “crypto-friendly payment experiences.” This is to say that customers will be able to manage and even earn cryptocurrencies while still utilizing fiat…
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Clair Raises $4.5 Million to Disrupt Payday Loans
Over the past several months, there’s seemingly been an uptick in venture capital funding for FinTechs who help ease financial pain points that the current pandemic has exacerbated. Take, for example, the need for those who are working to access their money quickly in order to catch up on their bills. That’s what the startup…
