Fintech

The attorney general for the District of Columbia is suing instant payday loan fintech Earnin for “deceptively marketing and providing illegal high-interest loans,” the AG alleges. Earnin allows its users to get loans against paychecks. It advertises that users can get $150 a day, up to $750 per pay period, with “no interest, credit check or ‘mandatory’ […]

MEXICO CITY, Nov 19 (Reuters) – Spanish banking giant Santander started rolling out its digital Openbank in Mexico on Tuesday, including a website and smartphone app. WHY IT’S IMPORTANT So-called fintechs have taken Mexico by storm in recent years, gobbling up market share as unbanked Mexicans go online and traditional bank clients reject what they […]

It is a fact that our world continues to become an increasingly digital one, with many once ubiquitous physical objects being retired as relics of the past. Consider road maps, for example—most of us haven’t used them in years, and younger generations likely never will, thanks to digital navigation tools like Google Maps and Waze. […]

Revolut, the global fintech, has been granted a UK trading licence by the Financial Conduct Authority (FCA), making the fintech an authorised investment firm with its Trading feature. Since 2019, Revolut has operated its Trading feature as an Appointed Representative with a Principal in the UK. This partnership allowed Revolut to offer an investment service through its […]

Android users are becoming more and more keen on money management apps finds app growth solutions company, SplitMetrics in its latest analysis on the Google Play Store. Money management apps burst onto the scene in 2022 as rising inflation left many worried about their finances and looking to budget. The sector added a total of 896,000 users in 2022 […]

Over the past decade, digital assets have come a long way. However, one area that has been severely neglected is inheritance: the few services that are available are costly and often involve ongoing fees for storage. Addressing this, Xapo Bank, the licensed bank that lets members bank with Bitcoin, is launching a beneficiaries solution to […]

Financial advice can be a sensitive topic – those giving it don’t want to mislead customers, while customers are wary about the level of trust they can place in their advisers. Nonetheless, done correctly, investing can be a very beneficial way for someone to use their funds. This November we are exploring all the aspects of […]

Cairo, Egypt – eNovate, formerly eCards, a subsidiary of eFinance Investment Group, has joined forces with Mastercard to bring Card-as-a-Service (CaaS) solution to the Egyptian market. The CaaS model will provide banks, non-financial institutions, universities and fintechs with a comprehensive suite of digital payments services. The collaboration will see eNovate leverage Mastercard expertise in payment technology […]

Shopify SHOP -0.54% ▼ and Block SQ +1.05% ▲ are two very different companies, yet both operate in the e-commerce and payments sectors, serving businesses in related ways. Over the past five years, their trajectories have been quite similar – both were major beneficiaries of pandemic tailwinds, only to face significant drawdowns as those effects faded. Using TipRanks’ Stock Comparison Tool, this article […]

Stocks took a breather on Thursday (Nov. 14), but the general trend of the FinTech IPO Index was up and to the right. This week, as has been seen through the last several weeks, earnings continued to roll in, as buy now, pay later (BNPL) continued to make a splash. Sezzle continued its torrid post-earnings pace. […]