Latest News

5 Fintechs You (Probably) Should Know By Now

5 Fintechs You (Probably) Should Know By Now

by January 19, 2017 at 12:39 pm 0 comments

Yes, it is almost impossible to keep tabs on all the new entrants of the wonderful world of fintech. But taking it one step (or five) at a time, should be enough to keep you up to date for many of the latest trends in the space. So, if you areRead More

Top 20 Finance Apps: TurboTax Shoots to Top of the Charts

Top 20 Finance Apps: TurboTax Shoots to Top of the Charts

by January 19, 2017 at 11:53 am 0 comments

It turns out taxes were popular this week. While Credit Karma (still) remained the top finance app for both the iOS and Google Play charts today, the TurboTax Tax Return app is not far behind. The TurboTax app is currently ranked second on the Google Play charts and third forRead More

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

by January 19, 2017 at 11:14 am 0 comments

Zelle, the peer-to-peer payments platform formerly known as clearXchange, will put customers back in banks’ hands, PNC CEO Bill Demchak said Friday. P2P has been a notable success of nonbank players such as PayPal, which offers a host of consumer-facing payments products, perhaps most notably Venmo. In October, PayPal CEORead More

SoFi, Coinbase Get the Green Light to Operate in New York

SoFi, Coinbase Get the Green Light to Operate in New York

by January 19, 2017 at 10:09 am 0 comments

Ah, New York: If you can make it here, you can make it anywhere, but to even try, you need a license. Luckily, SoFi and Coinbase just got theirs. After waiting a year, the lender SoFi received the thumbs up to operate in New York, CFO Michael Tannenbaum said recently.Read More

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

Trust, Not Tech, Is Fintech’s Advantage Vs. the Banks

by January 18, 2017 at 3:23 pm 1 comment

When it comes to banks, only 26% of Americans strongly agreed with the statement that banks had their best interests in mind, according to a recent report conducted by Salesforce—and, unfortunately, the survey respondents do not seem to be distinguishing between banking and fintech. According to the report, fewer thanRead More

Coinbase vs. the IRS: The Privacy Battle Rages On

Coinbase vs. the IRS: The Privacy Battle Rages On

by January 18, 2017 at 11:31 am 1 comment

Digital currency exchange Coinbase obtained a BitLicense from the New York Department of Financial Services, a grant that officially authorizes the exchange to operate (that is, to receive and transmit money and virtual currency) within the Empire State. Announcing the license, Coinbase wrote on the company’s blog: We believe theRead More

OK, Google, Let’s Shop

OK, Google, Let’s Shop

by January 18, 2017 at 11:10 am 0 comments

One of the first integrations announced through Google Home was the ability to order an Uber by just asking the Assistant. And that was, by far, the only payments-related feature available through the device. But this may soon change. The code behind Google’s latest version of its app, 6.11.13 beta, suggestsRead More

Activehours Raises $22 Million to Disrupt Payday Lenders, Nip Consumer Fees

Activehours Raises $22 Million to Disrupt Payday Lenders, Nip Consumer Fees

by January 17, 2017 at 2:20 pm 1 comment

Activehours has raised $22 million in debt and equity financing, bulking up its war chest to disrupt payday lenders and help consumers avoid finance charges on credit cards and overdraft fees on bank withdrawals. The Series A round was led by Matrix Partners with participation from March Capital Partners as wellRead More

New York Just Told the OCC to Stick It

New York Just Told the OCC to Stick It

by January 17, 2017 at 12:51 pm 1 comment

Turns out, not everyone is happy about the OCC’s decision to grant banking licenses to (suitable) fintechs. The New York State Department of Financial Services submitted a formal comment letter to the OCC today, saying that the latter, frankly, isn’t going to do the job of regulating fintechs — and isn’tRead More

We Actually Still Know Nothing About AI (But At Least We’re Trying)

We Actually Still Know Nothing About AI (But At Least We’re Trying)

by January 17, 2017 at 12:37 pm 0 comments

Thus far, the month of January has been an exciting time for AI — new smart technologies have demoed, new papers have been written, and new discussions about how to make sure our new synthetic friends don’t kill us have sprung up. According to Crunchbase’s annual Global Innovation Investment report,Read More