Category: FinTech
Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.
FinTech
FinTech
Chase Targets Millennials with Finn Mobile Bank App
J.P. Morgan Chase is acutely aware that many Millennials are now doing the majority of their banking online and from their phones. That's why the company is launching a new mobile bank and app called Finn, which is aimed at the Millennial demographic. In addition to customers being able to open accounts right from the app, Finn also offers a number of features intended to help users manage their money....
FinTech
Wells Fargo Leads the Pack in Mobile Banking Features
Last September it was revealed that Wells Fargo employees had created upwards of two million accounts without their customers' knowledge. Then, in August of this year, the company discovered another 1.4 million fake accounts, bringing the total to around 3.5 million. Despite the fallout from that scandal, it seems the institution is excelling in at least one area: mobile banking.
FinTech
Square Wants to Be a Bank Too
Square's plan to open a banking wing isn't exactly out of left field. While it may mostly be known for its small business point of sale solutions, they've also offered small business loans since 2014 under their Square Capital initiative.
FinTech
When Will More FinTechs Go Public?
There still seems to be some hope for FinTech IPOs in the coming years. Afterall that term casts a wide net, including everyone from the market-maligned alternative lenders to consumer services brands like Credit Karma (another rumored IPO candidate). However, with private valuations continuing to prove a hard sell on the public market, many of these emerging unicorns might elect to simply wait and watch how others perform.
FinTech
Mobile-Only Bank Varo Money Applies for National Bank Charter
All in all, Varo's campaign for a national bank charter — along with SoFi's pursuit of a similar goal — is an exciting step forward regardless of whether it comes to fruition anytime soon. First off, it could put more pressure on regulators to work through their differences and move forward on a solution for FinTechs (although it's unclear if Varo would be interested in the proposed "special purpose" charters).
FinTech
Visa Pitch Asks Businesses to Go Cashless
In recent years use of mobile payments has steadily increased while still falling short of what one might call widespread adoption. Meanwhile credit and debit cards are the clear favorite for consumers, being utilized in nearly half of all transactions completed by U.S. adults. Despite that, good old cash still accounts for around one-third of all transactions — and that's what Visa wants to change.As Wall Street Journal reports Visa...
FinTech
