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
Chainalysis Suggests $2.8 Billion in Bitcoin Was Laundered Last Year
For as much mainstream success and acceptance as Bitcoin and other cryptocurrencies have enjoyed in recent years, there are still those who remain skeptical of digital currency. In addition to those who criticize crypto for not having any "real value," regulators have repeatedly pointed to the ability to "launder" funds as one of the reasons why Bitcoin needs greater oversight. To that point, a new report from Chainalysis found that...
FinTech News
Chime, Robinhood Top FinTech VC Investments in Q4 2019
Looking back at 2019, it's fair to say that it was a pretty good year for FinTech. From startups launching new products to major acquisitions being announced, there was plenty of news to keep up on. Of course 2019 was also a big year for investments. In fact, the latest edition of KPMG Enterprise's Venture Pulse highlights how Chime, Robinhood, and others closed large fundraising rounds in the fourth quarter....
FinTech News
Visa to Acquire FinTech Tool Plaid
Over the past few years, the FinTech Plaid has managed to make a name for itself not only with observers and investors but also with the millions of customers who use their product. At the same time many more have likely encountered Plaid and not even known it since it merely acts as a mediary between banks and various financial apps. Now it seems that we'll soon know Plaid another...
FinTech News
Goldman Sachs Debuts Marcus App at Long Last
Back in 2016, Goldman Sachs revealed that it was launching an online bank named Marcus, which would offer high-yield savings, certificates of deposit (CDs), loans, and more. As observers have noted, the debut of Marcus marked a bid by Goldman to appeal to a wider and notably younger crowd than their other products. Yet it was only this week that one missing element from the Marcus banking experience officially arrived:...
FinTech News
Crypto Tax Compliance Tool TaxBit Raises $5 Million
Of all the regulatory issues that cryptocurrencies have presented, perhaps the most tangible involves taxes. Ever since the great Bitcoin boom of 2017, the Internal Revenue Service (IRS) and tax professionals across the country have attempted to get the word out about properly reporting crypto gains — while likely trying to understand the rules for themselves. Luckily the startup TaxBit has a plan to help with this pain point and...
FinTech News
eMarketer: Mobile Payments Getting a Boost from Increased Contactless Card Acceptance
For years we've heard about mobile payments finally breaking through — but now it seems that the technology is making strides thanks in part to updated physical cards. According to eMarketer, it looks as though the steady roll-out of contactless credit cards are helping to raise the popularity of mobile payments as well. A survey conducted by CreditCards.com and YouGov last summer found that 24% of rewards credit card holders...
FinTech News
