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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FinTechs Self Lender and Steady Announce Partnership
In recent years there have been plenty of examples of FinTechs partnering with (or sometimes being purchased by) traditional institutions. Oddly it’s somewhat less common to hear about two complimentary startups working with each other. Yet that’s exactly what Self Lender and Steady are doing, announcing a new partnership aimed at benefiting gig economy and…
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Apple Pay Acceptance Expanding to More Major Retailers
When Apple Pay was first announced in 2014, it was expected to usher in a new age for mobile payments. While it has certainly helped move adoption of the technology forward, it’s hard to argue that it reached the heights it aimed for at its launch. However the built-in smartphone payments feature does keep making in-roads.…
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How the Government Shutdown is Impacting the FinTech Sector
Now in its second month, the current partial federal government shutdown is easily the longest in United States history. This extended shutdown has not only had a direct impact on thousands of federal employees and their families but has also affected various private sector businesses in some unexpected ways. As Forbes reports, several FinTech firms…
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Another Crypto Sell-Off Hits After Ethereum Upgrade Delayed Again
After a disappointing 2018, cryptocurrency investors have high hopes for 2019. Unfortunately the new year has yet to bring much good news. Most recently, as Forbes reports, many assets including Bitcoin, Etherum, Litecoin, XRP, and others experienced another sell-off, with a total of $6 billion in market capitalization being lost in the past day or…
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FinTech Firms Look to Hire Compliance Officers
Financial technologies companies have always operated in a tough spot. Not only do they often occupy a space where regulatory guidelines are blurry at best but they also need to explain their innovations to agencies that might not fully comprehend these new ways of doing things. That’s why it should come as no surprise that…
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Americans Lost $1.7 Billion in Bitcoin Investments Last Year
Americans lost a total of $1.7 billion in 2018 by investing in Bitcoin. Moreover another $5 billion in unrealized losses is also estimated. While the losses themselves may be expected, something most investors don’t realize is that they can deduct these losses on their taxes.
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Plaid Acquires Competitor Quovo
The FinTech firm Plaid has reportedly purchased rival startup Quovo in what amounts to the company’s first major acquisition. According to CNBC sources, the deal was valued at just under $200 million, although terms were not officially made public. This news comes just a few weeks after Plaid raised $250 million in a funding round that…
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Ethereum Classic Chain Reorg Results in $1.1 Million in Double Spend
The cryptocurrency market is no stranger to hacks and other attacks that have resulted in the theft of thousands of dollars in digital currency. Now it seems the latest asset to be hit is Ethereum Classic with chain reorganizations being detected. As CNBC reports it is possible that the reorgs — which have resulted in currency being…
