Although it may seem like a hellish year for fintech, it's not all been doom and gloom. Significant headway has been made in developing tech.
After three long years and more than 5,000 pages of paperwork Varo Money has officially secured a national bank charter;...
Banking Committee Chairman Mike Crapo, R-Idaho, added a provision to the bill for the FHFA to review credit scoring alternatives; the FHFA currently uses FICO’s classic scoring model for loan applicants; the provision adds a new piece to the ongoing argument occurring between FICO and VantageScore; FICO and some lawmakers say the FHFA is already going through a review process for credit scores; the FHFA did ask for input on new scoring models in December and is working through the comment process. Source.
Every bank is wrangling technology to help them be innovative. Here's an inside look at how Chase tackles digital with a unique strategy.
Coinbase CEO Brian Armstrong said today that the company will reduce its workforce by 18% — nearly 1,100 people — to “stay healthy during this economic downturn.” The crypto exchange, which went public last year with share prices touching the $350 mark, has lost momentum and is trading at nearly ...
EarlyBird, a mobile app that promotes investing for kids, announced a $4 million seed round on Monday, led by Reddit co-founder Alexis Ohanian's Seven Seven Six. Other strategic partnerships in the round included Gemini's Frontier Fund along with Rarebreed Ventures, Fiat Ventures, Network Ventures, NBA Player Thaddeus Young's Reform Ventures, and Alex Lieberman, executive chairman and co-founder...
Proptech is beginning to become a buzzword in real estate markets as the industry looks to change how real estate...
This week saw three fintech payments, debit, and credit firms post results: each saw momentous growth year over year but it was not enough to outpace expectations after a bull run of a year for fintech.
Being “credit visible” presents life-changing benefits for consumers across all life stages.
Publicly traded companies will soon face new regulatory requirements when it comes to reporting cybersecurity breached to investors; the SEC did not establish a timeline for when these new regulations will be in place or to what level a breach would need to be for disclosure purposes; this is in response to recent breaches of Equifax and the SEC which were disclosed well after the incident. Source.