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
Robinhood Announces Launch in the United Kingdom
by Fioney Staff
With the brokerage landscape here at home rapidly evolving, it makes a lot of sense that Robinhood would want to start looking overseas for future growth.
FinTech News
Benzinga Announces Listmakers Ahead of Global FinTech Awards
by Fioney Staff
This week Benzinga will host their fifth annual Benzinga Global FinTech Awards in New York City. Ahead of that event, the financial media platform has announced a list of 150 "carefully vetted and renowned" companies and executives in various categories. From the list, 10 overall winners will be unveiled at the annual awards ceremony. This year's list is comprised of 150 nominees is 22 different categories. These categories include: Best...
FinTech News
Wirex Announces Multi-Currency Visa Travelcard with "Cryptoback" Perk
by Fioney Staff
Ready for the next generation of payments? The currencies platform Wirex says it has arrived. At this week's Singapore FinTech Festival, the company unveiled its new Wirex Visa Travelcard. The card will launch in the Asia-Pacific (APAC) region, which they note has an $800 billion payments industry. Wirex says that Visa Travelcard customers will be able to take advantage of the best exchange rates on fiat and crypto currencies. Among...
FinTech News
Number of U.S. Bank Branches Declining Overall, But Not Everywhere
by Fioney Staff
Between the increasing functionality of mobile banking apps and the onslaught of FinTech challenger banks entering the space, it should be no surprise that the number of brick and mortar bank branch locations in the United States has declined significantly in the past several years. What may be surprising, however, is that this isn't the case for some aress. As Quartz reports, there are some Americans communities that are bucking...
FinTech News
Deserve Announces $50 Million Round Led by Goldman Sachs
by Fioney Staff
Another FinTech (or FinTech-adjacent) firm has just announced a big fundraising round. As TechCrunch reports Goldman Sachs is leading a $50 million Series C for Deserve. Also joining the round are previous investors Sallie Mae, Aspect Ventures, Mission Holdings, Pelion Venture Partners, and Accel. Although Deserve's co-founder and CEO Kalpesh Kapadia stated that this latest round would lead the company to profitability, he declined to disclose what valuation the round...
FinTech News
Venmo Announces Rewards Program for Debit Cardholders
by Fioney Staff
In just the past couple of years, the number of FinTechs offering their own debit card products has exploded. Thus it only makes sense that these companies would want to find new and creative ways to incentivize use of these various cards. That seems to be the playbook popular peer-to-peer payments app Venmo is following, announcing the rollout of Venmo Rewards for Venmo Card users. With Venmo Rewards, cardholders will...
FinTech News
Credit Karma Debuts High-Yield Savings Product
by Fioney Staff
If you've ever wanted to check your credit score for free online, there's a great chance you've encountered Credit Karma. Started in 2007, the site has not only become a leader in the space but has also grown into one of the largest FinTech operations in the U.S. with a valuation of more than $4 billion. Now the company is trying something new, rolling out a high-yield savings product to...