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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Robinhood Adjusts Options Trading Features Following Criticism
As the free stock trading app Robinhood continues to explode in popularity, the platform has also garnered some criticism and scrutiny. This not only includes a 2018 misstep that found that company backtracking on plans for a “Checking & Savings” account but has also continued with the Securities and Exchange Commission reportedly looking into whether…
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Neobank Revolut Officially Expands to Japan
Over the past few years, neobanks have become some of the largest players in the FinTech space. While many of these startups are based in the United States, Europe has also seen an explosion of challenger banks — with some making their way to America as well. Now one Britain-based banking service is continuing its…
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Fireblocks and X-Margin Partner to Offer Crypto Derivatives
Even as most laymen are still wrapping their heads around the basic concept of cryptocurrencies, investors are already taking the possibilities to the next level. One example of this is crypto derivatives, which have gained popularity as of late despite some risks and limitations that the current trading platforms hold. Now, Fireblocks has announced integration…
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CB Insights Reveals Third Annual “FinTech 250” List
The results are in! This week, research CB Insights revealed their “FinTech 250” list for 2020, recognizing the fastest-growing companies in the space. Of the 250 startups featured, 32 are considered “unicorns,” meaning they’re valued at more than $1 billion. What’s more, 87 of those selected have raised “mega-rounds” of a $100 million or more…
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Payments API Company Finix Raises $75 Million as Series B Expands
Continuing what’s turning out to be a bit of a trend this year, another FinTech has just announced the expansion of its latest funding round. Earlier this week, Finix revealed that it had added another $30 million to its Series B. The newly-raised money brings the round’s total to $75 million. Lightspeed Venture Partners led…
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Cross River Bank Reaches Settlement with Colorado Regarding FinTech Partnerships
As regular FinTech sector watchers can tell you, there are a handful of company names that tend to come up again and again when new initiatives and partnerships are announced. Cross River Bank is certainly in this category as the institution is a frequent partner for startups. Now, thanks to their part in a recent…
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Robinhood Raises Another $200 Million Amid Rapid Growth
Even as the coronavirus pandemic continues to batter the United States economy at large, the stock markets have largely managed to recover. In fact, the S&P 500 reached a record high this week, likely rewarding users who bought during this year’s lows. Among these “winners” are users of the free stock trading app Robinhood who…
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Betterment, SoFi, and Others Form FinTech Equality Coalition
Over the past few months, conversations about race and equality have permeated throughout the nation. Now, in an effort to bring these issues to light in the financial technologies community and seek reform, several startups have signed-up to form the FinTech Equality Coalition. The Coalition is being spearheaded by the robo-advisor Betterment but other founding…
