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
Small Business Banking FinTech Novo Raises $4.8 Million Seed Round
A startup with a stated goal of helping other startups manage their money just received a big chunk of change in venture seed financing. FinTech firm Novo announced this week that it had raised $4.8 million in a round led by Crosslink Capital. While Crosslink's investment totaled $3.5 million, other participants in the round included Red Sea Ventures, Rainfall, Hack VC, RRE, and the Stanford Law School Venture Fund. Novo...
FinTech News
Report Suggests Vast Majority of Bitcoin Trade Volume is Faked
There are several aspects of cryptocurrencies that have served to keep them from truly reaching mainstream status. While much-reported hacks are one element scaring off investors, concerns over market manipulation — including "pump and dump" schemes — have also been rampant. Now a new report is stoking those fears once again as it suggests that true crypto trade volume is a mere fraction of what some have said. As the...
FinTech News
ICBA Asks Regulators to Close FinTech FDIC “Loophole”
With the 2020 election cycle already kicking into high gear, several of the hot topics being touted on the campaign trail revolve around technology. From fears over automation impacts to calls to break up Silicon Valley giants, there are those on both sides calling for greater regulation on emerging technologies. Simiarly FinTech startups are also facing pushback on their expansion plans, with one group of bankers now taking their efforts...
FinTech News
Micro-Investment App Stash Adds Stock-Back Rewards to Debit Card
The choice between using a debit card and a credit card isn't always so simple for consumers. Although the former is often seen as a more financially wise choice, most debit cards don't offer the same kinds of perks that many credit cards do. In response to this conundrum, a number of FinTech firms have started rolling their own debit card products that seek to reward users in some interesting...
FinTech News
Tally Introducing Free Automated Savings Service
Something that often gets lost in all the talk and controversy surrounding FinTech is that many of the companies wearing that label aim to improve the financial lives of their users, not hurt them. From making investing more accessible to giving consumers more effective tools for getting out of debt, there are numerous apps that provide a real service to their users. One popular method employed by many of these...
FinTech News
Paxos Discusses Plans for Precious Metal and Stock-Backed Cryptocurrencies
When it comes to the general public, easily the biggest concern about cryptocurrencies is the perception that they amount to “fake money.” In response there have been those that have touted so-called stablecoins that are pegged to fiat currencies. Now, as Fortune reports, Paxos is looking to roll out a token backed by commodities, such as gold, as well as others tied to publicly traded stocks. Paxos actually already has...
FinTech News
