Category: FinTech News

FinTech Firms Lead Personal Loan Boom

With a term as broad as "FinTech," it's not surprising that there'd be a variety of companies that would all fit under the same umbrella. Still, one of the leading verticals in the space has always been lending, as peer to peer options like Lending Club and Prosper made their debuts around the time of the banking crisis, earning notability in the process. Now, more than a decade later, it seems...

Chase Pay Partners with Tock to Drive Adoption

Chase is looking to bring more users to its Chase Pay mobile payments solution by integrating it with the dining reservation platform Tock. Soon Chase credit and debit cardholders will be able to book the various culinary experiences offered on Tock — which range from chef's table dining to winery tours and more — using Chase Pay. Additionally the bank plans to host unique culinary events for Chase customers as...

Another Bank is Launching a FinTech Accelerator

Ever since the idea of FinTech came on the scene, many have presumed that these firms were the mortal enemies of traditional banks. Yet time and time again we've seen numerous banks embracing financial technologies and the startups working on them to great success.

Fewer Merchants Accepting Apple Pay, Google Pay Online

All things considered, this Kount survey shouldn't be seen as a bad sign for mobile payments but a net positive. After all, even if acceptance of some large players may be slipping, they do seem to be replaced by other options. As a result it's clear that mobile payment options aren't disappearing — they're just diversifying.

Big Bank-Backed Zelle Expected to Lead P2P Pack This Year

It looks like Venmo's reign in the peer to peer payments space is coming to an end. That's because Zelle — the result of a partnership between 30 U.S. banks — is poised to overtake Venmo this year and dominate in the years ahead. This prediction comes from eMarketer who also offered expected growth numbers for rival Square Cash. According to eMarketer, Zelle will swell its user base from 15.8 million...

Acorns Announces Acorns Spend Checking Account, Debit Card

Acorns Spend includes many of the same features as the app itself but does include some added conveniences. For example, while the app's signature "round-ups" assessed from other cards need to accrue $5 before being invested, round-ups from purchases made using the Acorns Spend debit card will be invested in real time.

Could Europe's Visa Outage Setback the Cashless Movement?

While there may be a few takeaways from Visa's recent outage in Europe — and surely some of those affected will be carrying a few extra Euros or Pounds in their wallet from now on — it's likely hyperbolic to declare that this single incident could derail any momentum a cashless movement is experiencing.

Can GreenSky IPO Break FinTech's Wall Street Curse?

If that does happen, hopefully it will allow other online lenders and FinTech firms to also find success in going public, likely furthering the revolution that many other financial technology companies have helped bring to fruition.