FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

FTC Focused On Car Buying, Big Data And FinTech In 2016
FTC Focused On Car Buying, Big Data And FinTech In 2016
February 10, 2017  |  Regulation

The Federal Trade Commission had a busy year in 2016, surveying consumers about buying and financing car purchases, issuing a report aimed at helping businesses...

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Plaid Technologies Raises $44M With Citi, Amex VC Arms Taking Part
Plaid Technologies Raises $44M With Citi, Amex VC Arms Taking Part
February 07, 2017  |  Investments

Plaid Technologies, a startup that helps FinTechs like Venmo and Lending Club access their customers’ bank accounts, has raised $44 million in a Series B...

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Fed’s Patrick Harker Pushes For FinTech Oversight
Fed’s Patrick Harker Pushes For FinTech Oversight
February 07, 2017  |  Regulation

On Monday (Feb. 6), Philadelphia Federal Reserve Bank President Patrick Harker said that increased regulatory oversight of the growing FinTech sector is necessary. During his...

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Wells Fargo Reaches Data Exchange Deal With Intuit
Wells Fargo Reaches Data Exchange Deal With Intuit
February 06, 2017  |  Partnerships / Acquisitions

Taking a page from JPMorgan Chase, Wells Fargo has inked a data exchange deal with Intuit in which Intuit customers can import their account data...

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SoFi Buys Zenbanx To Expand Beyond Loans
SoFi Buys Zenbanx To Expand Beyond Loans
February 02, 2017  |  Payment Methods

SoFi, the online lender that started out refinancing student loans, has inked a deal to acquire Zenbanx, a fintech company that gives SoFi the ability...

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Plugging Banks’ $500 Billion Hole
Plugging Banks’ $500 Billion Hole
February 02, 2017  |  Payment Methods

Yep. $500 billion is walking out of the doors of banks who just can’t deliver the B2B payments services that their clients want. And, guess...

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Nyca Partners Raises $125M For Second FinTech VC Fund
Nyca Partners Raises $125M For Second FinTech VC Fund
January 30, 2017  |  Investments

Nyca Partners, the venture capital firm focused on the FinTech market, raised $125 million for a second fund. According to a report, Hans Morris, the former...

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Credit China FinTech Invests $30M In Bitfury Group, Forms JV
Credit China FinTech Invests $30M In Bitfury Group, Forms JV
January 27, 2017  |  Investments

Credit China FinTech, the Chinese investment company, announced Thursday (Jan. 26) it made a $30 million investment in Bitfury Group, the bitcoin and blockchain infrastructure...

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Skype Founder Backs FinTech Chatbot Cleo
Skype Founder Backs FinTech Chatbot Cleo
January 26, 2017  |  Investments

Cleo, the London-based FinTech startup, got a recent boost in its angel investing round from Skype Founder Niklas Zennström. Cleo has created an artificial intelligence-powered chatbot...

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