Tag: fintech

Fintech app Robinhood is driving a retail trading renaissance during the stock market’s wild ride

Fintech app Robinhood is driving a retail trading renaissance during the stock market’s wild ride

For a trading firm, there are few bigger blunders than clients being unable to move money when markets hit historic highs. Yet that’s exactly what happened at start-up brokerage firm Robinhood earlier this year. The aftermath? A surge in new users, record trading activity and a new round of venture capital funding. Despite its missteps,…
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5 Fintech Stocks to Watch Out Amid Coronavirus Crisis

5 Fintech Stocks to Watch Out Amid Coronavirus Crisis

FinTech – The coronavirus pandemic disrupted supply chains and hampered economic growth. And in order to curb its impact on the economy, the government implemented a stay-at-home order. This has facilitated fintech firms as digital payments are taking precedence over cash purchases amid lockdown. Moreover, an emerging trend in financial services has been observed with…
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Fintech Apps Offer Financial First Aid For Hardest-Hit Consumers

Fintech Apps Offer Financial First Aid For Hardest-Hit Consumers

FinTech – On March 18, 2020, a couple of days after New York City public schools closed due to the coronavirus, Jasmine Freeman Jones had to resign from her crossing-guard job to take care of her children. Her rent on her Brooklyn apartment was overdue, and she worried about her kids’ education. Although the city…
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The top 5 fintech trends for 2020

The top 5 fintech trends for 2020

Finance professionals are focusing on innovation and adaptability in 2020, according to a survey. Fintech – Finance professionals are focusing on a number of trends this year, including product development, business model changes, systems, and staffing in an effort to add value to their organizations this year, according to a new study from BillingPlatform. “The…
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Is Fintech Ready For Coronavirus?

Is Fintech Ready For Coronavirus?

Fintech – The coronavirus outbreak is having a wide range of side effects, from pasta shortages at U.S. grocery stores to a rise in stock prices for videoconferencing companies. The widening ripples could reach far-off distances and unexpected industries, including financial technology. If people aren’t traveling due to virus fears, they’re spending less on their…
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Fintech Apps Offer Financial First Aid For Hardest-Hit Consumers

Fintech has finally cracked the US banking sector

Varo Money is poised to become a full-fledged bank, making it the first of a new wave of fintech upstarts to win that approval in the US. The company’s long and expensive journey through a thick barrier of regulation is a reason why America’s banks have repelled the tech disruption sweeping through other industries. The…
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Why 2020 Is The Year For Fintech

Why 2020 Is The Year For Fintech

This month marked one of the largest fintech acquisitions of all times, Visa’s purchase of Plaid for $5.3 billion. It is a validation of fintech in a literal sense – Plaid is a key enabler to many of the leading fintech players, and critical in simplifying the onboarding flow and integration of players. It may…
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JPMorgan Chase is planning to ban fintech apps from using customer passwords to access their bank accounts

JPMorgan Chase is planning to ban fintech apps from using customer passwords to access their bank accounts

JPMorgan Chase is planning to ban fintech apps from using customer passwords to access their bank accounts and data, according to the Financial Times. Instead, the banking giant is working on a system that uses tokens to send third parties a narrower range of data in a secure form, per Chase’s head of digital Bill…
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The Winners And Losers In Fintech In 2019

The Winners And Losers In Fintech In 2019

OBSERVATIONS FROM THE FINTECH SNARK TANK As we approach the end of the 2019, it’s a good time to look back and see who won and lost—or more appropriately, who’s winning and losing—in the fintech world. The WinnersGoldman Sachs. The Vampire Squid took a few lumps this year with reports of $1.3 billion in loan…
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It's Time For A Federal Fintech Sandbox

It’s Time For A Federal Fintech Sandbox

FinTech – An income-share agreement as an alternative to personal loans. A cheap money transfer system for the unbanked. A faster, cheaper payment processing system. What do these innovative financial products have in common? They’re all being tested in Arizona’s fintech sandbox. And they all represent the potential of a regulatory sandbox to allow financial…
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