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.
-
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…
-
FinTech Affirm Brings Financing to Walmart Shoppers
Over the past decade or so FinTech firms have strived to make financing more transparent, efficient, and affordable. In turn they’ve also helped give customers who may not qualify for traditional financing more options to choose from. One of the companies at the forefront of this movement is Affirm — and the company just landed…
-
Coinbase and XRP Come Off Week of Controversies
In the week since the Coinbase Pro announced it was adding XRP to its platform, controversy has surrounded both the exchange and the asset in question. Between criticisms about one of Coinbase’s acquisitions to questions about what role Ripple played it the platform listing XRP, both companies have found themselves on the defensive. Starting with…
-
A Look at FinTech’s “Minotaurs”
Have you ever encountered a minotaur? Well, a minotaur company, that is? Just as the name “unicorn” has become a popular term for private companies valued at more than a billion dollars, Axios has coined the term “minotaur” to describe startups who have raised upwards of one billion in funding. In all the site found…
-
Coinbase Pro Adds XRP to Exchange
At long last one of the top cryptocurrency exchanges has added support for one of the most popular digital assets. This week Coinbase announced that it was bringing Ripple (XRP) to Coinbase Pro, joining other coins such as Bitcoin, Etherum, Litecoin, and others. Since the announcement, XRP has seen prices increase by more than 3%…
-
Apple, Goldman Sachs Reportedly Planning Credit Card with iPhone Features
Depending on who you ask, rewards credit cards are either a hackable finance tool or an all too tempting trap. Nevertheless several companies have taken a shot at entering the crowded market to varying levels of success. Now comes word that two major companies could be coming out with a new card that offers a…
-
SoFi Introduces SoFi Invest for Active and Automated Trading
When it comes to FinTech firms, expansion is the name of the game. Often times this means diversifying your offerings in a logical way in order to gain customers and bring them into your ecosystem. That’s exactly what SoFi is aiming to do, launching new brokerage account options for either active or automated investing. According…
-
Plans for a Federal FinTech “Sandbox” Draw Controversy
With the rise of FinTechs over that past decade or so, one of the big questions that has plagued regulators is how to protect consumers from these new financial products without stifling progress. One proposed solution that’s been adopted both abroad and at home is the concept of a “sandbox” that allows approved companies to…
