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
Crypto.com Partnering with Three Crypto Tax Providers
by Fioney Staff
Just because Tax Day has officially been moved to July 15th doesn't mean that individuals don't need to be thinking about their 2019 returns. Moreover, with the Internal Revenue Service (IRS) taking an enhanced interest in cryptocurrency capital gains in recent months, it would behoove crypto holders to make sure they're in compliance with the agency's guidelines and properly filing their returns. With that in mind, Crypto.com has just announced...
FinTech News
Credit Sesame Announces Sesame Cash Digital Banking Offering
by Fioney Staff
Believe it or not, yet another FinTech is ready to play challenger bank, unveiling plans for a checking account and debit card. Recently the free credit score site Credit Sesame announced its new offering Sesame Cash. While existing Credit Sesame customers can now join the waitlist for the new product, it is expected to roll out to the general public sometime after that. According to the company, Sesame Cash will...
FinTech News
FinTech DailyPay Waiving Fees for Employees to Access Earned Income
by Fioney Staff
With life in the United States currently going through numerous changes and challenges, many workers are having to adjust to new realities as well. While those in some industries may be able to operate from home at this time, others are finding themselves laid off or waiting to hear what will become of their jobs. As for those who are still working, having access to their funds right away has...
FinTech News
Experian Boost Bestowed with Consumer Lending Innovation Award from FinTech Breakthrough
by Fioney Staff
Recently the market intelligence organization FinTech Breakthrough celebrated a long list of companies and their accomplishments, announcing the recipients of their 2020 FinTech Breakthrough Awards. While these awards honored firms in a variety of categories, one of the most interesting awards was in the field of Consumer Lending Innovation, with the award going to Experian for their Experian Boost credit score product. Introduced in nearly one year ago, Experian Boost...
FinTech News
Mobile Banking App Empower Raises $20 Million
by Fioney Staff
Following a near-record 2019, FinTech has been off to a strong start in 2020. The latest example of this is Empower. The San Fransico-based firm recently announced that it had raised $20 million. The Series A included participation from Defy Ventures, Icon Ventures, and Nubank founder David Velez. Additionally previous investors Sequoia Capital and Initialized Capital joined the latest round. Although there are several budgeting and banking apps on the market...
FinTech News
ZenGo Introduces Interest-Earning Crypto Account Product
by Fioney Staff
Even if the general public still associates all cryptocurrencies solely with Bitcoin, the space has been expanding and evolving in recent months. This includes the entry of offerings that give consumers new ways to invest in and benefit from crypto. Take, for example, efforts from ZenGo. As TechCrunch reports, the crypto wallet ZenGo has introduced a new feature that allows users to earn interest on their cryptocurrency assets. Playing on...
FinTech News
Investment App Public.com Raises $15 Million From Some Big Names
by Fioney Staff
In less a year's time, the face of investing has changed dramatically. Between Charles Schwab first cutting its trade fees to $0 (a move that was later matched by several other discount brokerages) and then announcing an acquisition of TD Ameritrade, things are certainly looking different than they once did. Now Public.com is looking to further shake things up — and it managed to make an impact this week, announcing...