Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.
FinTechAll 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).
FinTechIn 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...
FinTechNearly 10 years after first introducing the iPhone, Apple continues to improve what may now be their flagship product (sorry, Mac). While their latest ideas may not be as innovative or groundbreaking as they once were, the company's ability to see what consumers want and deliver it in the best way possible remains intact. With that, expect Apple Pay Cash to be a hit and hopefully increase mobile payment and...
FinTechA few weeks after Square CEO Jack Dorsey teased some sort of custom Visa card on Twitter, select Square Cash customers have begun receiving invitations to order their own Square Cash debit card. According to reports the cards are linked to users' Square Cash balance and are accepted where Visa cards are.
FinTechIt's clear that FinTech is still shaking up the financial industry. In fact, while the past few years have brought lots of talk and a handful of actions in the way of partnerships, it seems the near future will be the real boom for FinTech acquisitions. In turn, expect more innovation as young entrepreneurs set their sights on FinTech as the sector continues to grow and, of course, disrupt.
FinTechAs FinTech firms continue their efforts to earn the trust of regulators, lawmakers, and consumers, a recent gathering in San Fransisco aimed to educate people on all sides to the types of frauds that affect the industry.
FinTechRecently 2017 Mobile World Congress conference in Barcelona, Spain highlighted a number of FinTech trends affecting the banking industry and beyond. From online banks and peer to peer lenders to robo-advisors, new innovations are now changing the finance world little by little. So how are mainstay institutions reacting? As it turns out, it depends.
FinTechEver since the introduction of Apple Pay in 2014 mobile payments have been the talk of the town. At the same time mobile banking apps have helped customers take care of their financial needs without needing to visit a branch, while also saving big banks a considerable amount on transactions. Still there's one thing that smartphones aren't able to do: spit out cash.While ATMs may still be a necessity for the time being,...