Robinhood to allow Bitcoin, Ethereum, Dogecoin transfers next month
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Brokerage firm Robinhood will roll out a crypto wallet that will allow users to transact via cryptocurrencies, the company announced this week.
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Fintech News Stories
PayPal launches revamped financial ‘super app’
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PayPal unveiled a new version of its app this week, which incorporates a host of new features that position itself to compete with neobanks.
Read MoreRevolut to roll out stock trading for US customers
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Revolut, the U.K.-based challenger bank with a global footprint, will roll out commission-free stock trading capabilities for U.S. customers in an effort to compete with the likes of Robinhood, Public, and SoFi.
Read MoreJPMorgan Chase launches digital bank in the UK
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JPMorgan Chase has launched a digital banking product to U.K. customers to rival challenger banks like Monzo and Starling on the one hand, and old-guard players like Goldman Sachs, Lloyds, Barclays, NatWest, and HSBC on the other.
Read More‘Mega-IRAs’ a focus of lawmakers looking to address inequality
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According to Congress’s nonpartisan Joint Committee on Taxation, more than $279B sits in ‘mega-IRAs’, or individual retirement accounts with at least $5M each.
Read MoreCoinbase signs agreement with ICE worth $1.36M
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Cryptocurrency exchange Coinbase has signed an agreement with the U.S. Immigration and Customs Enforcement (ICE) branch of the U.S. Homeland Security Department in an undisclosed use case for its blockchain analytics software.
Read MoreGoldman bets on ‘buy now, pay later’ through $2.2B GreenSky acquisition
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Goldman Sachs is deepening its push into financial services for the masses with a planned acquisition of GreenSky, a lender focused on home improvement.
Read MoreAI-supported asset manager Pagaya to go public via merger with SPAC
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Pagaya, an American and Israeli fintech firm that uses artificial intelligence (AI) to manage institutional money, is going public through a merger with special purpose acquisition company EJF Acquisition Corp.
Read MoreRevolut riles former staffers by charging them a fee to cash in shares
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Revolut, a London-based digital banking fintech worth $33B, is facing blowback over a 2.75% surcharge levied on former employees who will participate in an upcoming secondary share sale.
Read MoreMoney transfer firm Wise launches index investing feature in beta
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Money transfer giant Wise (formerly TransferWise) – which went public in July and boasts a market capitalization of more than $14B – is expanding its wings beyond payments and testing investing products for its U.K. customers.
Read MoreAcorns reaches out to veterans to kick off underserved customer strategy
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Banking and investing app Acorns is waiving subscription fees for veterans in an effort to reach more underserved customers.
Read MoreCharles Schwab faces class action complaint over robo-adviser cash-sweep practices
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A group of investors have brought a class-action complaint against brokerage Charles Schwab. They claim the company violated fiduciary and consumer-protection responsibilities through its Schwab Intelligent Portfolios’ cash sweep program.
Read MoreTransUnion to acquire Neustar in $3.1B deal
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Credit reporting company TransUnion announced plans to acquire Neustar, a Virginia-based company that offers real-time business information and analysis tools that help businesses find new customers and determine which ads should serve them.
Read MoreFacebook is buying unpaid invoices as it moves into debt collection business
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Facebook is buying up $100M of unpaid invoices from small businesses who will, in turn, pay back Facebook under terms the company says are affordable.
Read MoreCoinbase Lend is facing pushback from the SEC, the company says
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Cryptocurrency exchange Coinbase, which recently went public, says it’s facing possible enforcement action from the Securities and Exchange Commission (SEC) over its Coinbase Lend product that it expected to launch in the coming weeks.
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