CBDCs could save companies $100M a year in cross-border costs, says JPMorgan
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Fintech News Stories
UK neobank Starling plans to go public within two years
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Starling Bank, one of the U.K.’s biggest challenger banks with millions of customers, is on a trajectory to go public in one or two years, CEO Anne Boden said.
Read MoreZillow exits digital home-flipping operation due to mounting losses
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Digital real estate company Zillow is pulling the plug on its digital home-flipping operation called Zillow Offers, a unit which caused the company to lose more than $380M, according to a third-quarter earnings report.
Read MoreCrypto advocates seek clarity on measuring the climate impact of mining activities
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As the United Nations Climate Change Conference (COP 26) begins in Glasgow, a crypto trade group called Global Digital Finance is lobbying for more concrete parameters on how to measure the environmental impact of digital assets.
Read MorePatreon is considering adding non-traditional payments to content creators
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Patreon, a subscription platform that allows fans to pay content creators, is considering adding non-fiat payments – including crypto payments – to grow revenue.
Read MoreValkyrie files paperwork with SEC for leveraged bitcoin futures ETF
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Valkyrie Investments, a company that describes itself as a specialized alternative asset management firm “at the intersection of traditional finance and the emerging cryptocurrency sector” has filed with the Securities and Exchange Commission (SEC) for a leveraged bitcoin exchange-traded fund (ETF).
Read MoreJustice Department investigates Visa’s fintech relationships
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The U.S. Justice Department is probing Visa’s relationships with fintech firms as part of a bigger antitrust investigation of the company, a new report suggests.
Read MoreStripe and Klarna partner as ‘buy now, pay later’ competition heats up
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Stripe, a company whose tools allow merchants to accept payments, is partnering with ‘buy now, pay later’ (BNPL) firm Klarna in an effort to enhance offerings for client merchants.
Read MoreGreenlight, a financial platform for families, launches investing tools for parents
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Greenlight, a fintech firm that offers a debit card and personal finance tools for kids, is launching a new offering to help parents learn how to invest and set up portfolios.
Read MoreMastercard to allow partner banks and merchants to support payments with crypto
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Payments giant Mastercard is partnering with crypto technology firm Bakkt to allow partner merchants, fintechs, and banks to accept cryptocurrencies at the point of sale.
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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.
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