JPMorgan Chase pitches Bitcoin fund for wealthy clients
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Fintech News Stories
Acorns partners with Cricket Wireless to incentivize saving and investing
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Popular investing, savings and personal finance app Acorns is partnering with Cricket Wireless in a bid to encourage customers to save while paying their phone bills.
Read MoreRobinhood shares surge as investors give it ‘meme stock’ status
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Shares of trading app Robinhood, which gained notoriety earlier this year by enabling retail investors to pump up so-called meme stocks including Gamestop and AMC Entertainment, are surging a few days into its launch on the Nasdaq.
Read MoreSEC chairman Gensler says stronger crypto regulation is in the cards
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In a speech at the Aspen Security Forum this week, Gary Gensler, chairman of the Securities and Exchange Commission (SEC), likened the crypto markets to the Wild West in which investors were not sufficiently protected.
Read MoreMoneyLion aims for ‘super app’ strategy as it navigates regulatory hurdles
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Fintech MoneyLion, which began as a lending and personal-finance platform and more recently added banking and investing, is pursuing a financial “super app” strategy to grow its customer base.
Read MoreLosses mount at Monzo amid ‘material uncertainty’ over the company’s future
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Monzo, a longtime cool kid in the U.K. challenger bank club, is looking to get out of a Covid-related slump, reporting £114.8M (around $159M) in pre-tax losses last year.
Read MoreSquare to acquire Afterpay for $29B, sweetening offer for merchants and consumers
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Payments fintech Square this weekend said it plans to acquire ‘buy now, pay later’ (BNPL) firm Afterpay in a $29B all-stock deal, allowing it to enhance its relationships with sellers and consumers.
Read MoreChoice and Compass Mining unveil tax-free Bitcoin mining solution
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IRA provider Choice and Compass Mining have rolled out a solution whereby clients can buy Bitcoin mining machines through individual retirement accounts (IRAs).
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Robinhood reveals probes ahead of IPO this week
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In an eleventh hour announcement, brokerage platform Robinhood, which is set to begin trading on the Nasdaq this week, has disclosed that it’s under investigation by regulators again.
Read MoreM1 Finance launches credit card with up to 10% cash back
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M1 Finance, a Chicago-based financial app that includes investing, lending, and banking, launched an Owner’s Rewards Card that offers up to 10% cash back for users when they shop at select companies whose stock they own.
Read MoreDigital banking app Current announces new partnership with The Bancorp Bank
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Current, a New York-based digital banking fintech, announced that it’s partnering with The Bancorp Bank to offer an “enhanced suite of services across its entire product line, including its basic, premium and teen accounts.”
Read MoreBanks launch cross-border payment offering to compete with fintechs
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The Society for Worldwide Interbank Financial Telecommunication (SWIFT) – a cross-border payment network owned by a consortium of global banks – launched a low-value cross-border payment solution called SWIFT Go.
Read More‘Buy now, pay later’ firm Zip plans to offer crypto trading in US, Australia
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Zip, an Australia-based ‘buy now, pay later’ (BNPL) firm, is on course to launch crypto trading to its Australian customers and U.S. users. Zip acquired U.S.-based Quadpay last year in a bid to expand its North American footprint.
Read MoreTether execs face criminal probe over bank fraud: report
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Tether, a prominent stablecoin operator, is reportedly under criminal investigation over prior actions from its early days, including whether or not the company concealed from banks that transactions were linked to crypto.
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