Category: FinTech News
FinTech News
FinTech News
Bitcoin, Other Cryptos Get Hit on Bad News
The rollercoaster experience that comes with cryptocurrencies seems to be in full effect this week, with Bitcoin and others falling significantly. In less than 24 hours, $BTC plunged from a high of around $7,380 to a low of nearly $6,400. Notably that puts the currency below the $7,000 mark, which as Forbes notes has been regarded as a psychological milestone. As usual, it's hard to say exactly what is causing this...
FinTech News
Survey Asks "What Could Help Spur Mobile Wallet Adoption?"
There's no doubt that the use of mobile wallets and contactless payments have increased greatly over the past few years. However, in spite of this, adoption still hasn't reached the levels that some had previously predicted. This has led companies like Apple, Google, Samsung, and Chase to explore various plans with the hopes of bringing more users to their payment solutions. Now a survey from Vibes (as reported on by...
FinTech News
Guggenheim Calls Square "Best Idea" in FinTech, Predicts Further Gains
Jack Dorsey may be facing some annoying problems with Twitter these days but the CEO's other company is on a bit of a winning streak. Square's stock is currently up 5% after Guggenheim Partners raised its price target for the company to $100 ($SQ trades for around $85 a share at the moment). Moreover, as CNBC reports, the firm also declared Square its "new best idea" and "highest conviction name"...
FinTech News
JP Morgan Chase Introducing Free Stock Trading App
JP Morgan Chase is set to make investing a bit easier for its 47 million online and mobile banking customers. CNBC reports that the bank will soon launch a free stock trading service, while also giving users access to equity research and other portfolio-building tools. Dubbed "You Invest," the new service is set to debut next week and offer users up to 100 free trades in their first year. Prior...
FinTech News
Zelle Reportedly Looking to Expand into Business Payments
In a relatively short period of time, Zelle has grown into the most-used peer to peer (P2P) payments app, topping competitors like Venmo, Square's Cash App, and App Pay Cash. Now it seems the big bank-backed app is looking to expand its reach even further. According to a report by Bloomberg, Zelle is currently working to introduce tools that will ensure users can safely pay small businesses using the application....
FinTech News
OCC Begins Accepting FinTech National Bank Charter Applications
At long last, the Office of the Comptroller of the Currency has announced that they're accepting national bank charter applications from FinTechs. The move comes after the U.S. Department of the Treasury released a report titled "A Financial System That Creates Economic Opportunities: Nonbank Financials, FinTech, and Innovation" that offered recommendations intended to "modernize regulations for an array of financial products and activities." As expected these charters will be dubbed Special Purpose National...
FinTech News
