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Utah Unveils FinTech Sandbox Program

Attention FinTechs: the Beehive State is calling. As Deseret News reports, this week the Utah Department of Commerce Tuesday announced the formation of a regulatory sandbox. Under this program, participants will be allowed to test various new financial products and services that would typically require a license. However these overrides...

Bank of America Introduces Digital Debit Card Option For Customers

Bank of America is introducing a new feature that will make it easier for customers to access their debit cards from their mobile phone. Now, using the Bank of America app, customers will be able to request a digital version of a new or replacement debit card. These cards can...

Automated Finance App Tally Raises $50 Million

When Silicon Valley looks at FinTech, they still see dollar signs. At least that's what the recent string of investments would suggest, with the automated finance app Tally being the latest recipient. As Fortune reports, the app has just closed a $50 million funding round. The Series C round was...

Google, PayPal Reportedly Nixed OCC Bank Charter Opportunity

It's now been nearly a year since the Office of the Comptroller of the Currency opened up applications for their Special Purpose National Bank charters — more commonly referred to as FinTech bank charters. In that time state regulators have taken issue with the plan, with some filing lawsuits against...

Uber Reportedly Looking to Expand into FinTech

Just over a month after its initial public offering, Uber is apparently looking to diversify its offerings while still pleasing their target demographic. According to a CNBC report the ride-hailing company is now eyeing an expansion into the realm of FinTech. While it's unclear exactly what these plans would entail,...

Chase Closing Down Its Finn Mobile Bank App

Back in October 2017, JP Morgan Chase announced the launch of a Millennial-targeted mobile bank called Finn. In addition to offering customers access to Chase ATMs and allowing them to deposit checks, it also had some unique features such as the ability to rate transactions using emojis. Now, 18 months...

FinTech Zero Raises $20 Million for Its Credit/Debit Hybrid Card

It looks like another FinTech firm is set to help change the way Millennials manage their money thanks to an injection of venture capital. As TechCrunch reports, this week Zero announced it had raised $20 million in Series A funding. This latest round was led by New Enterprise Associates and...

FinTech Binji Launches Its "Complete Personal Finance Solution"

For years various FinTech ventures have sought to make managing your finances a bit easier. Of course this overall vision has manifested itself in different ways, with various startups offering their own ideas and plans. Now Binji is launching what they call a "complete personal finance solution," combining a few...