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
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
Utah Unveils FinTech Sandbox Program
Attention FinTechs: the Beehive State is calling. As Deseret News reports, this week the Utah Department of Commerce Tuesday announced the formation of a regulatory sandbox. Under this program, participants will be allowed to test various new financial products and services that would typically require a license. However these overrides will be limited and participants will be overseen by Utah's Department of Commerce, which will also handle the application process....
FinTech News
Congressional Committee Asks Facebook to Reconsider Cryptocurrency Plans
After months of speculation, Facebook finally announced the first details about the planned debut of Libra just a few short weeks ago. While the news was well-received in many circles and arguably helped push the price of Bitcoin north, it seems that not everyone is on board with the plan. As Marketwatch reports, Democrats in the U.S. House of Representatives Committee on Financial Services have penned a letter to Facebook...
FinTech News
Bank of America Introduces Digital Debit Card Option For Customers
Bank of America is introducing a new feature that will make it easier for customers to access their debit cards from their mobile phone. Now, using the Bank of America app, customers will be able to request a digital version of a new or replacement debit card. These cards can then be used immediately via Apple Pay, Google Pay, or other mobile wallets. In addition to being accepted at several...
FinTech News
Automated Finance App Tally Raises $50 Million
When Silicon Valley looks at FinTech, they still see dollar signs. At least that's what the recent string of investments would suggest, with the automated finance app Tally being the latest recipient. As Fortune reports, the app has just closed a $50 million funding round. The Series C round was led by Andreessen Horowitz (a16z) with additional participation from previous investors Kleiner Perkins, Shasta Ventures, Cowboy Ventures, and Sway Ventures. This...
FinTech News
Bitcoin Price Returns to $10,000+
For the first time in more than a year, the price of a single Bitcoin is now higher than $10,000. While that's nearly half of its all-time high, it's more than double where it was late last year and into early this year. So could the world's largest cryptocurrency be making a comeback? At the time of this post, Bitcoin is trading for more than $11,000. Bitcoin's return to the...
FinTech News
