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
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
FinTechs Reportedly Reining in Their Lending
More than a decade ago, FinTech lenders made a name for themselves by not only creating an easier and faster way for consumers to take out personal loans but also utilizing algorithms to expand their borrowing base beyond what most banks would consider. This strategy proved especially useful during the Great Recession when major institutions pulled in on their lending even more. However, as The Los Angeles Times reports, some...
FinTech News
Digital Money Forum Returning to CES for 2020
Next month, the Consumer Electronics Show (CES) will once again take over the Las Vegas Convention Center and several other venues along the Strip. Each year this conference shows off the latest and greatest developments in technology while also looking ahead to what's on the horizon. Of course, with money getting a makeover in recent years and FinTechs on the rise, it only makes sense that financial technologies would also...
FinTech News
Goldman Sachs to Debut Robo-Advisor in 2020
Earlier this year Goldman Sachs purchased the wealth management firm United Capital for $750 million. Along with the company came its founder Joe Duran. Now, in a recent interview with Financial Times (via Barron's), Duran revealed that Goldman intends to launch its own robo-advisor platform sometime in the new year. If you're unfamiliar, robo-advisors are a rapidly growing investment segment that attempt to make it easier for new investors to...
FinTech News
