Chime is reportedly targeting March 2022 for IPO, sources say
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Fintech News Stories
Health insurer Aetna to go paperless and add digital payments
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From September 2022 onwards, Aetna is getting rid of paper-based explanations of benefits and checks in an effort to go digital, the insurer wrote in an October newsletter.
Read MorePayPal is bidding for social shopping platform Pinterest
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PayPal, a company that focuses on digital payments and e-commerce, is reportedly in talks to acquire social media and shopping platform Pinterest for $45B.
Read MoreFree crypto for your data: Worldcoin wants to scan your eyes
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Worldcoin, a new startup that’s attracted $25M in funding from big-name investors including Andreessen Horowitz, Coinbase and LinkedIn co-founder Reid Hoffman is offering users free crypto if they confirm their identities by taking an iris scan.
Read MoreAt launch, ProShares bitcoin futures ETF is ‘second highest traded fund ever’
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In a significant milestone for the crypto industry, the first bitcoin futures exchange-traded fund (ETF) launched this week as the “second most heavily traded fund,” a move that sent the value of the digital currency to an all-time high at about $65,000.
Read MoreM1 Finance CEO Brian Barnes buys a bank
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Brian Barnes, CEO of M1 Finance, a Chicago-based fintech that offers automated investing, borrowing and banking services, announced that he acquired First National Bank of Buhl, as an individual.
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TD Bank launches US robo-adviser
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TD Bank this week launched robo-adviser and hybrid wealth adviser offerings, joining a crowded market of banks and fintechs vying for market share among mass-market retail investors.
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Morgan Stanley CEO acknowledges crypto is not a fad
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James Gorman, CEO of Morgan Stanley, said on a third-quarter earnings call that crypto is “not a fad,” but stopped short of saying it will become an integral part of financial services.
Read MoreWith 24% bump in profit year-over-year, JPMorgan Chase leans into acquisitions
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JPMorgan Chase exceeded profit expectations in its third-quarter earnings call this week, progress that aligns with a wider economic recovery.
Read MoreSEC stirs up debate on whether ‘nudges’ from financial apps are recommendations
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In-app “nudges” or suggestions are expected offerings from digital financial platforms, but there is debate around whether they are forms of financial advice that need to be regulated.
Read MoreStripe building crypto team three years after ending Bitcoin support
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Stripe, a company whose tools allow merchants to accept payments, is looking for talent to support crypto integrations.
Read MoreJamie Dimon critiques bitcoin, calling it ‘worthless’
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JPMorgan Chase CEO Jamie Dimon clarified that he is no fan of bitcoin, this time telling an audience at an Institute of International Finance event this week that he thought the digital currency was “worthless.”
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