Category: FinTech
Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.
FinTech
FinTech
Square Working to Speed Up EMV Chip Card Payments
There’s a big problem that has come to light as America adopts EMV cards: they’re painfully slow. Because of the complexity involved with chip card payments, including generating a unique card number for each individual transaction, the entire process is noticeably and frustratingly longer than the old magnetic stripes did. Now one FinTech company is working to speed up EMV payments to the delight of both customers and entrepreneurs.Square has...
FinTech
7 Finance Apps You Should Know About
Whether they realize it or not, millions of Americans now utilize FinTech on a daily basis. This is mainly thanks to growing popularity of budgeting, investing, and savings apps available both online and for mobile devices. Still, while a few have cracked their way into the mainstream, others aren't getting the recognition they deserve. With that in mind here's a look at seven finance applications you should be aware of:...
FinTech
Report Says Banking Bots May Have to Wait
Earlier this year Facebook Messenger announced that chatbots would be coming to their popular app. Ever since then chatbots have been the talk of the town as brands, publishers, and many others have introduced bots that can do everything from providing you with breaking news to ordering a pizza. As a result of their newfound popularity many have even speculated that chatbots could be used to assist with financial services. However...
FinTech
FinTech Companies Featured on "60 Minutes"
We've known for a while now that FinTech was headed for the mainstream but it doesn't get more mainstream than Sunday night on one of the big four television networks. That's exactly where the industry recently found itself as a segment aired on CBS's 60 Minutes featuring Patrick and John Collison of the payments startup Stripe. In addition to discussing the MIT and Harvard dropouts' story the program also took a broader...
FinTech
The Latest Creditworthiness Data Point: Mobile Battery Life
A common theme among FinTech startups is trying to find new ways of determining if a consumer is creditworthy or not. While many companies still incorporate tried and true FICO credit scores into their algorithms others have prided themselves on finding different tech-based indicators. In the past we've heard about startups looking at which internet browser an applicant is using, the time of day their filling out the form, and hundreds...
FinTech
Could Mobile Banking Apps Begin to Charge?
There's no doubt that online banking and mobile apps have changed the way consumers manage their money. Not only can users now move money or make payments but can also deposit checks just by taking a photo on their phone, saving them a trip to the bank or the ATM. So with the convenience of these apps being fully understood, could banks begin charging for their services?According to a new study...
FinTech
