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Robinhood Walks Back "Checking & Savings" Announcement

When Robinhood announced their "Checking & Savings" product this past week — something that they had apparently been working on for over two years — they were probably hoping to grab headlines. However, as it turns out, they may have received more than they bargained for when, after announcing their plans...

SIPC Says "Not So Fast" to Robinhood's Savings Account Plans

Yesterday, the investment app Robinhood made headlines by announcing a new checking and savings product that would pay users 3% interest on their money while skipping many of the fees that traditional banks charge. As part of that announcement, the company said that account funds up to $250,000 would be...

Robinhood Gets Into Banking with Checking and Savings Product

The free investment app Robinhood made a splash earlier this year when it announced it would allow users (in certain states) to trade cryptocurrencies on the platform. Now the FinTech is making big news again, but this time with fiat currency. Today, the company announced Robinhood Checking & Savings and...

Majority of Americans Foresee Cashless Future, But It's Not Here Yet

With new credit card technologies, mobile payments, and other such options coming to the forefront, some have wondered when the United States might be transitioning into a cashless society. In fact some merchants are looking to accelerate the process by banning cash from their stores — only for cities like Philadelphia...

FinTech Firm Switch Raises $2 Million in Funding

The FinTech startup Switch has just announced a $2 million funding round — its largest to date. Since its founding in 2013, the firm has sought to help consumers, merchants, and card issuers manage card info online. As GeekWire reports, these efforts culminated in the release of their CardSavr API earlier...

Global Accelerated Ventures Announces FinTech Startup Challenge

Next February,  Global Accelerated Ventures (GAV) will award more than $100,000 to innovative startups as part of their inaugural FinTech Challenge competition, sponsored by FIS. Set to take place February 6th and 7th at the Florida Theater in Jacksonville, this elimination-style event invites companies exploring blockchain, banking, payments, and other spaces to participate. In addition...

Walmart Exec Gives Update on Retailer's FinTech Efforts

Of all the retailers you might expect to be pushing forward the adoption of digital wallets and other FinTech products, Walmart is probably not be first on your list. And yet the mega-chain has been doing just that via their Walmart Pay option, partnerships with PayPal, and more. That's why...