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
ZenGo Introduces Interest-Earning Crypto Account Product
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
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...
FinTech News
Outages Plague Robinhood on Back-to-Back Days
Since launching in 2013, Robinhood has definitely made its mark on the world of FinTech. Of course, by offering users the ability to trade stocks without paying commissions, it's also helped democratize the world of investing, making it a go-to for many market newbies. At the same time, the company has endured some struggles and setbacks, including getting called out by the Securities Investor Protection Corporation (SIPC), leading them to...
FinTech News
FinTech Investments Topped $34 Billion Last Year
If it weren't already clear, 2019 was a good year for FinTech. In addition to a profile boost that companies such as Robinhood and SoFi have enjoyed, it seems that numerous startups saw significant new investments. In fact, as a new report from CB Insights shows, FinTech startups raised nearly as many funds in 2019 as they did in 2016 and 2017 combined. First the bad news: FinTech investments were...
FinTech News
Intuit Announces Acquisition of Credit Karma
Another day, another major acquisition. More than a decade after they bought the personal finance app Mint for $170 million, Intuit is making a much larger platform purchase. As first reported by The Wall Street Journal and later confirmed by the company itself, Intuit is set to acquire Credit Karma for a whopping $7.1 billion. Credit Karma will reportedly continue to operate as its own brand within Intuit, with current...
FinTech News
Shopify Joins Facebook-Led Libra Association
It's been a while since Facebook's Libra has been in the news — and, following the last round of headlines it did garner, you'd be forgiven if you assumed the project was dead. However the cryptocurrency effort managed to get a bit of a boost last week. As TechCrunch reports, e-commerce platform Shopify has now joined the Libra Association. The addition of Shopify to the Association comes a few months...
FinTech News
