Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.
FinTechIt seems that BlackRock has taken an interest in the opportunities micro-investing presents. This week the world's largest asset management firm announced a partnership with the FinTech company Acorns, leading a $50 million round for the app.
FinTechSamsung's introduction of cash back is a clever idea and one that's likely to help drive adoption of their service. Whether that translates to greater mobile payments usage overall remains to be seen but perhaps other wallets should follow Samsung's lead and make using mobile wallets a bit more rewarding.
FinTechTruth be told NerdWallet's new credit card selection tool for Alexa is unlikely to set the world on fire. That said it highlights a growing opportunity for FinTechs and other companies to supplement their current offerings, even if they don't lead to big returns just yet.
FinTechAmong those calling out Ethereum is former Commodity and Futures Trading Commission (CFTC) chairman Gary Gensler. In a speech last week, Genslet said, “There is a strong case that one or both of ETH and [Ripple’s] XRP are noncompliant securities."
FinTechMuch of the future of financial technology is wrapped up in how quickly technical capabilities advance. While the convenience on the horizon is mind-boggling, it must be approached with caution and sensibility to avoid compromising the privacy and stability of current financial practices.
FinTechOn top of the record number of deals, increasing mega-deals, and a number of unicorns coming to life, it's also encouraging to see how many American companies are making an impact in the space. So while certain FinTech firms may not have made a major impact on the stock market just yet, these latest numbers show that VCs and other investors are far from giving up on new financial technologies.
FinTech2018 has not been kind to crypto, with Bitcoin in particular falling from that $20k highpoint back down to the $7,000 range. However, as the Independent notes, the past 24 hours have given enthusiasts a glimmer of hope as signs of a potential bounce-back have started to show themselves.