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USA

·Jan. 28, 2019

Acorns Valued at $860 Million

The latest round for the fintech startup values the company above Betterment; the app helps users invest by rounding up...

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Fintech USA

·Jul. 10, 2020

The COO of Trulioo Talks Open Banking, Identity Verification and Protecting Consumer Data

Speaking with PYMNTS’ Karen Webster, the COO of Trulioo, Zac Cohen, talks about the need for both innovation and security...

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Fintech News Roundup USA

·Nov. 16, 2017

OCC Softens in Republican Lead Government

The Office of the Comptroller of the Currency (OCC) has shifted back to a softer stance since the Trump administration took office; according to the New York Times the agency is using directives from the interim head to ease back regulations enacted during the Obama administration; the move is part of a wider push to set back financial regulations that some say have hurt banks in recent years. Source.

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News Roundup Online Lending USA

·Feb. 14, 2017

SoFi Helps Borrowers Get Back on Their Feet

In an article from Quartz several stories are outlined sharing how SoFi has helped borrowers get re-employed or negotiate for higher salaries; in one example Joanna Mathews was laid off and called SoFi to get forbearance on her credit consolidation loan which was approved; Joanna was subsequently assigned a counselor to help in the process to find employment, speaking weekly to her counselor; Joanna attended webinars on writing resumes and interviewing, eventually landing 15 interviews; after a three month search Joanna was employed again; in another story a borrower reached out to a SoFi coach for tips on salary negotiation, bargaining for an additional $6,000 per year using tips from SoFi. Source

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Fintech News Roundup USA

·Jan. 22, 2018

Yahoo Finance Launches Savings App

Yahoo Finance launched a new savings app called Tanda which allows groups of five or nine people to save money; the app pools money from the group each month and each member of the group gets access to the pool at different months; the company charges a fee on the first two payouts but offers a bonus to users who can wait for the money; the pool can reach $2,000 and Tanda has partnered with Dwolla to vet users. Source.

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Fintech News Roundup USA

·Apr. 20, 2020

Google Developing Debit Cards to Rival Apple’s

TechCrunch obtained images of the new Google Card which will be available in a virtual and physical form much like...

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Fintech News Roundup USA

·Mar. 15, 2019

Chinese Investment in U.S. Startups Remains Healthy

Last August U.S. lawmakers passed the National Defense Authorization Act which was designed in part to stem Chinese acquisitions of...

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Fintech News Roundup USA

·Apr. 26, 2017

Fintech Apps Helping Financially Stressed Families

Statistics show that volatile incomes are a factor affecting financial stress for many families; in today's market, many fintech companies are seeking to target those families with solutions that help reduce their financial stress; the Wall Street Journal provides details on apps for this target market including Even, Digit and Prism; while services for financially stressed families have reported significant interest from fintech developers, skeptics caution that achieving profitability for these businesses could be challenging. Source

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Fintech News Roundup USA

·Oct. 27, 2017

Peter Thiel Thinks Detractors are Underestimating Bitcoin

Speaking at the Financial Investment Initiative event the former founder of PayPal thinks that bitcoin detractors could be underestimating the currency’s potential; as CoinDesk reports, “underestimating [it] especially because ... it's like a reserve form of money, it's like gold, and it's just a store of value. You don't need to use it to make payments."; he has in the past criticized bitcoin and is not bullish on all cryptocurrencies. Source.

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Europe Fintech News Roundup USA

·Feb. 8, 2019