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
Roboadvisor Betterment Introduces Banking Features
It looks like another FinTech firm is expanding into the world of traditional banking services. In a press release roboadvisor Betterment announced the launch of new savings and checking accounts. First up a waitlist for the Betterment Everyday Checking account is now open. These accounts will carry no overdraft fees or monthly maintenance fees and will also have no minimum balance requirements. Plus Betterment will reimburse all ATM fees worldwide...
FinTech News
Robinhood Raises $323 Million for $7.6 Billion Valuation
The popular commission-free investment app Robinhood just received a major investment of their own. As CNBC reports, this week the company has announced it had it closed a $323 million Series E funding round led by DST Global with participation from Ribbit Capital, NEA, Sequoia, and Thrive Capital. What's more, the latest round valued Robinhood at an impressive $7.6 billion. According to Crunchbase, the Series E brings Robinhood's total funding...
FinTech News
Mobile Bank Varo Money Refiles for FDIC Insurance
For years one of the big questions surrounding FinTech is whether startups could one day become their own independent banks. Although a few companies have attempted to obtain charters of their own, they've had varying levels of success — none of which have been overwhelmingly positive. However, as Crowdfund Insider reports, this week Varo Money reapplied for FDIC insurance, moving them one step closer to becoming a true bank. This...
FinTech News
Bitcoin Falls Back Below $10,000 as Cryptocurrencies Under Fire
It seems that, when it comes to Bitcoin, Facebook giveth and Facebook taketh away. Just a few weeks after the announcement of Libra helped push Bitcoin over the $10,000 mark and as high as $14,000, the leading cryptocurrency is currently slumping and has fallen back down below that five-figure floor.
FinTech News
European FinTech N26 Launches Banking Features in the U.S.
Believe it or not, FinTech isn't just a Silicon Valley or even American phenomenon. In reality the world market is filled with startups looking to improve the financial lives of customers in their home countries and beyond. Now, as TechCrunch reports, one such overseas startup — Europe's N26 — is opening its banking features up to those stateside. In terms of what N26's U.S. accounts will offer, they're pretty much...
FinTech News
Federal Reserve Chairman Joins Chorus of Libra Critics
Earlier this week, United States Federal Reserve Chairman Jerome Powell testified before Congress. While the meeting's big headline was Powell's suggestion that a rate cut was likely later this month — news that brought market indices to all-time highs — one company that was likely not too happy with everything Powell had to say was Facebook. That's because Powell joined those criticizing the social network's plans to introduce a cryptocurrency...
FinTech News
