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USA

FintechNews RoundupUSA
·Mar. 19, 2020

Fintechs Slash Rates and Lose Potential Selling Point

Fintechs have started to follow the Fed and slash rates on savings accounts by an average of 1 percent; the...
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FintechNews RoundupUSA
·Mar. 19, 2020

NYSE Closes Floor and Goes All Digital on Monday

The New York Stock Exchange, operated by Intercontinental Exchange, has decided to go all digital and close the trading floor...
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FintechNews RoundupUSA
·Mar. 19, 2020

Banks May Receive Bonus Points for Low-Income Lending

Regulators in the US are contemplating giving banks additional regulatory points for lending to mid and low income Americans who...
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FintechNews RoundupUSA
·Mar. 19, 2020

Fintechs Feeling Funding Pain of Crisis and it Could be a Good Lesson

Fintechs around the world are feeling the pain of the ongoing crisis, especially when it comes to funding; companies who...
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FintechNews RoundupUSA
·Mar. 19, 2020

JPMorgan Chase Temporarily Closing 20% of Branches

The bank is closing 20% of branches and reducing staff in the ones that will remain open; they are the...
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FintechNews RoundupUSA
·Mar. 18, 2020

The Fintechs Seeing More Business as a Result of Coronavirus

While the coronavirus is impacting many companies there are a few bright spots for a handful of fintechs; Nigel Morris,...
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FintechNews RoundupUSA
·Mar. 18, 2020

FDIC Starts Providing Clarity on ILC Charters

The FDIC proposed new standards for companies seeking an ILC charter including parent companies agreeing to examinations, specialized capital and...
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FintechNews RoundupUSA
·Mar. 18, 2020

Kabbage Aims to Help Small Businesses Impacted by Coronavirus

Kabbage launched a new website called www.helpsmallbusiness.com; the website allows consumers to purchase online gift cards from small businesses;  revenue...
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FintechNews RoundupUSA
·Mar. 18, 2020

Banks Struggle to Communicate Help to Worried Consumers

As coronavirus fears grip the nation consumers are increasingly worried about their finances; J.D. Power found that 83 percent of...
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FintechNews RoundupUSA
·Mar. 18, 2020

Revolut Launches New App for Kids

Revolut has launched a brand new app called Revolut Junior; it is a personal finance app for those between 7-17...
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