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.
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Uber Reportedly Looking to Expand into FinTech
Just over a month after its initial public offering, Uber is apparently looking to diversify its offerings while still pleasing their target demographic. According to a CNBC report the ride-hailing company is now eyeing an expansion into the realm of FinTech. While it’s unclear exactly what these plans would entail, it seems that internal efficiencies…
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Chase Closing Down Its Finn Mobile Bank App
Back in October 2017, JP Morgan Chase announced the launch of a Millennial-targeted mobile bank called Finn. In addition to offering customers access to Chase ATMs and allowing them to deposit checks, it also had some unique features such as the ability to rate transactions using emojis. Now, 18 months later, the bank account that…
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SEC Suing Kik Over “Kin” Initial Coin Offering
It seems that the United States Securities and Exchange Commission (SEC) is cracking down on initial coin offerings (ICOs). As Bloomberg reports, the agency is now suing the popular messaging app Kik over the 2017 launch of “Kin.” That ICO reportedly raised $100 million for the app, but the SEC says the token amounted to…
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Wealthfront Raises Cash Account APY to 2.51%
Last week the robo-advisor platform Wealthfront announced that it was increasing the interest rate on its Cash Account to 2.51% — up from 2.29%. According to Bankrate, that makes the offering the “top-yielding account nationwide.”
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FinTech Zero Raises $20 Million for Its Credit/Debit Hybrid Card
It looks like another FinTech firm is set to help change the way Millennials manage their money thanks to an injection of venture capital. As TechCrunch reports, this week Zero announced it had raised $20 million in Series A funding. This latest round was led by New Enterprise Associates and brings the company’s total equity…
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Facebook’s Digital Currency to Reportedly Be Called “GlobalCoin”
It was only a few weeks ago that word came down that Facebook was still hard at work developing their own cryptocurrency and getting partners on board. Now it seems those plans are firming up, with a potential name and launch timeframe emerging. According to BBC News the digital currency has been referred to internally…
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Wells Fargo and Barclays Invest in OpenFin’s $17 Million Round
Two major banks are backing a FinTech startup OpenFin in their latest funding round. Not only did Wells Fargo lead the $17 million Series C but Barclay also participated alongside previous investors, including JP Morgan Chase, Bain Capital Ventures, and others. According to Reuters, the company will now put those funds to use creating a…
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FinTech Binji Launches Its “Complete Personal Finance Solution”
For years various FinTech ventures have sought to make managing your finances a bit easier. Of course this overall vision has manifested itself in different ways, with various startups offering their own ideas and plans. Now Binji is launching what they call a “complete personal finance solution,” combining a few different FinTech-centric elements into one…
