Fintech News Stories
Robinhood reveals probes ahead of IPO this week
/In an eleventh hour announcement, brokerage platform Robinhood, which is set to begin trading on the Nasdaq this week, has disclosed that it’s under investigation by regulators again.
Read MoreM1 Finance launches credit card with up to 10% cash back
/M1 Finance, a Chicago-based financial app that includes investing, lending, and banking, launched an Owner’s Rewards Card that offers up to 10% cash back for users when they shop at select companies whose stock they own.
Read MoreDigital banking app Current announces new partnership with The Bancorp Bank
/Current, a New York-based digital banking fintech, announced that it’s partnering with The Bancorp Bank to offer an “enhanced suite of services across its entire product line, including its basic, premium and teen accounts.”
Read MoreBanks launch cross-border payment offering to compete with fintechs
/The Society for Worldwide Interbank Financial Telecommunication (SWIFT) – a cross-border payment network owned by a consortium of global banks – launched a low-value cross-border payment solution called SWIFT Go.
Read More‘Buy now, pay later’ firm Zip plans to offer crypto trading in US, Australia
/Zip, an Australia-based ‘buy now, pay later’ (BNPL) firm, is on course to launch crypto trading to its Australian customers and U.S. users. Zip acquired U.S.-based Quadpay last year in a bid to expand its North American footprint.
Read MoreTether execs face criminal probe over bank fraud: report
/Tether, a prominent stablecoin operator, is reportedly under criminal investigation over prior actions from its early days, including whether or not the company concealed from banks that transactions were linked to crypto.
Read MoreVisa is buying cross-border payments fintech Currencycloud
/In its second acquisition of the year, Visa will acquire Currencycloud in a deal valued at $963M.
Read MoreFidelity and Shoobx team up on equity management solution for private companies
/Fidelity Investments, one of the nation’s biggest stock plan administrators, is tapping the toolset of Shoobx – an equity management company – on an equity management solution for private companies of all stages.
Read MoreVenmo app update to nix social feed of strangers’ payments
/Peer-to-peer payments app Venmo, which has been known for the “social feed” component of the app that features the payment behaviors of strangers, is getting rid of the feature in its latest app update.
Read MoreSquare launches business banking and savings accounts
/Square, a company that has long been associated with nifty card readers, just took a leap into a broader financial services product potpourri with its latest rollout of banking products.
Read MoreEthereum co-founder Anthony Di Iorio bids adieu to crypto
/Anthony Di Iorio, a co-founder of the Ethereum network, says he’s leaving the crypto world out of concern for his personal safety.
Read MoreRobinhood seeks $35B valuation in upcoming IPO
/Trading app Robinhood is reportedly seeking to raise $2.3B in an upcoming initial public offering (IPO).
Read MoreBitcoin slides toward $31,000 amid Fed Chair Powell remarks on stablecoins
/Bitcoin slid toward $31,000 on Thursday, July 15 – its lowest level in around three weeks.
Read More
