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
FinTech News
XYPN FinTech Competition Announces Six Finalists
Next month, XY Planning Network will host its fourth annual FinTech Competitionn in St. Louis, Missouri. This year's event drew more than 30 applications from startups looking to improve financial services provided to Gen X and Millennial clients. Now XYPN is announcing that six of these companies have been selected as finalists for the competition. The FinTechs that will go for the gold are Altruist, Anvil, College Aid Pro, Holistiplan,...
FinTech News
Some Libra Backers Reportedly Spooked by Regulatory Scrutiny
Back in June, following months of rumors, Facebook officially unveiled plans for the cryptocurrency Libra. In that announcement it was revealed that, while Facebook was taking the lead on the project and would also be introducing the Calibra crypto wallet, there were several partners that had signed-up to support the token at launch. However since then Libra has drawn criticism from several regulators — and the heat may be getting...
FinTech News
Goldman Sachs, Citi, and JPMorgan Lead U.S. Banks in FinTech Investment
The question of whether FinTechs and banks are friends or foes has been a topic of debate for more than a decade now. Funny enough, the perception of animosity persists despite the two camps regularly partnering with each other. On top of that, several banks have taken to investing in startups and helping them grow. According to Business Insider, JPMorgan, Goldman Sachs, and Citi are currently the largest investors in...
FinTech News
Visa Expands Fast Track Program for FinTechs to the U.S.
When it comes to FinTech startups, speed is everything. That's why so many firms are focused on hitting the ground running, gaining as many users as possible and catching the attention of VCs to help boost them to the next level. With that in mind, after launching in Europe, Africa, Asia Pacific, Latin America, and the Middle East, Visa has announced that their Fast Track program is coming to the United States....
FinTech News
IRS Reportedly Cracking Down on Unreported Crypto Income
Following the big Bitcoin boom of 2017, April 2018 saw several reminders that cryptocurrency gains needed to be reported on tax filings. Of course by that time the price of Bitcoin was about half of what it was just a few months before. Nevertheless it seems that the IRS is still intent on getting crypto owners to comply — and now, according to the Wall Street Journal, they're cracking down...
FinTech News
Q2 2019 Sets Record for $100 Million+ FinTech Fundings
Over the past few months, it seems as though several FinTechs have managed to close impressive funding rounds. From FinFit's $7 million Series B last month to Affirm's whopping $300 million Series F back in April, observers could probably guess that's it's been a fairly good month for these startups. Now a new study from CB Insights shows that has been the case overall, although there are some sore spots...
FinTech News
