JPMorgan Chase on the cusp of launching actively-managed bitcoin fund
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Fintech News Stories
Till expands the concept of teen banking in launch of family challenger bank
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Till, a fintech founded by dads Tom Pincince, Taylor Burton, and Brian Chemel, markets itself as the first collaborative financial platform specifically built for families.
Read MoreAmazon debuts ‘pay with palm’ technology at Seattle Whole Foods locations
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As consumers get more comfortable with cashless payment methods as the pandemic enters its second year, Amazon is launching a new biometric payment method called Amazon One at Seattle Whole Foods stores.
Read MoreBrian Brooks, former acting OCC head, to become Binance.US CEO
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In the latest indication that the mainstream finance world and crypto ecosystem are coming together, cryptocurrency exchange Binance.US has tapped former banking regulator Brian Brooks as its new CEO, effective May 1.
Read More‘Buy now, pay later’ company Affirm acquires returns platform Returnly for $300M
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San Francisco-based Affirm, which offers ‘buy now, pay later’ (BNPL) financing for consumer purchases, announced that it will acquire Returnly, a returns platform that allows customers to get instant store credit even before a return is processed.
Read MorePayPal’s Venmo rolls out in-app crypto buying and selling capabilities
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Venmo, the popular peer-to-peer payments app owned by PayPal that counts 70M users, today announced that users can buy, hold and, sell cryptocurrency directly within the Venmo app.
Read MoreMPOWER Financing teams up with Sallie Mae to offer student loans to international students in the US
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Sallie Mae, which provides credit-based private student loan products to international and DACA students who apply with an eligible U.S. citizen or permanent resident co-signer, is working with fintech MPOWER Financing to deliver loans to “high promise” international students across 350 universities and colleges in cases where a co-signer is not available.
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Mastercard to acquire identity-verification firm Ekata for $850M
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Payments giant Mastercard plans to acquire Ekata, a 2-year-old Seattle based company that focuses on APIs and SaaS digital-identity solutions that help more than 2,000 businesses and partners combat cyberfraud.
Read MoreLawmakers raise alarm over charters for fintech and crypto companies
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Rep. Maxine Waters (D-California), who is chairwoman of the House Financial Services Committee, raised concerns over banking charters for fintech and crypto companies at a subcommittee hearing on the topic this week.
Read MoreChase poaches head of product from Goldman’s Marcus
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Marcus by Goldman Sachs, which likens itself to a fintech startup operating inside a large bank, is these days looking more like a legacy bank unit facing a flight of talent – the latest being head of product Sonali Divilek.
Read MoreCoinbase poised to go public in watershed moment for crypto industry
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Banks like JPMorgan Chase, Goldman Sachs, and Wells Fargo are reporting blockbuster profits today, but their earnings reports are being overshadowed by a milestone moment for the crypto industry as Coinbase – the first major cryptocurrency company in the U.S. to go public – began trading on the Nasdaq.
Read MoreCiti allows corporate clients to track the trajectories of their digital payments
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As digital business payments surge during the pandemic, Citibank is helping its clients gain more visibility into payment paths, reminiscent of the process to track shipments of physical goods.
Read MoreBlack Wall Street app to offer investors wealth management, crypto offerings
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Hill Harper, an actor who plays Dr. Marcus Andrews on the ABC medical show The Good Doctor, is launching an investing and payments app geared toward minority communities, particularly Black and Latinx consumers.
Read MoreMastercard launches carbon calculator for banks
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Mastercard is teaming up with Sweden-based fintech Doconomy on the launch of the Mastercard Carbon Calculator, a feature which banks can embed into their apps.
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