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
Bank of America Introduces Digital Debit Card Option For Customers
Bank of America is introducing a new feature that will make it easier for customers to access their debit cards from their mobile phone. Now, using the Bank of America app, customers will be able to request a digital version of a new or replacement debit card. These cards can then be used immediately via Apple Pay, Google Pay, or other mobile wallets. In addition to being accepted at several...
FinTech News
Automated Finance App Tally Raises $50 Million
When Silicon Valley looks at FinTech, they still see dollar signs. At least that's what the recent string of investments would suggest, with the automated finance app Tally being the latest recipient. As Fortune reports, the app has just closed a $50 million funding round. The Series C round was led by Andreessen Horowitz (a16z) with additional participation from previous investors Kleiner Perkins, Shasta Ventures, Cowboy Ventures, and Sway Ventures. This...
FinTech News
Bitcoin Price Returns to $10,000+
For the first time in more than a year, the price of a single Bitcoin is now higher than $10,000. While that's nearly half of its all-time high, it's more than double where it was late last year and into early this year. So could the world's largest cryptocurrency be making a comeback? At the time of this post, Bitcoin is trading for more than $11,000. Bitcoin's return to the...
FinTech News
Google, PayPal Reportedly Nixed OCC Bank Charter Opportunity
It's now been nearly a year since the Office of the Comptroller of the Currency opened up applications for their Special Purpose National Bank charters — more commonly referred to as FinTech bank charters. In that time state regulators have taken issue with the plan, with some filing lawsuits against the agency. Meanwhile few firms have taken the OCC up on their offer. According to a report by American Banker,...
FinTech News
Facebook Officially Unveils Libra Cryptocurrency Plans
After months of speculation, reports, and some incorrect guesses to what its name would be, yesterday Facebook finally announced plans for its cryptocurrency - Libra. As expected the project includes partnerships with multiple brands and companies that will accept the token. Meanwhile Facebook will launch a wallet called Calibra for users to hold the currency, integrating it into WhatsApp and Messenger. Despite Libra frequently being cited as Facebook's cryptocurrency, their...
FinTech News
CoinBits Aims to Be the "Acorns of Crypto"
Bitcoin has been on a bit of a roll the last few months. With its price back over $8,000, there's hope that some new life can be breathed into the world's largest cryptocurrency. Still, the coin has a long way to grow, which is why Erik Finman — who MarketWatch describes as a "crypto wunderkind" — recently released CoinBits as a way to bring Bitcoin to a wider audience. Launched...
FinTech News
