Fintech news
Here are some recent fintech news updates:
1. Digital Payments
- Google Pay and Samsung Pay have partnered to allow users to make contactless payments using their smartphones. (Source: The Verge)
- Apple Pay has expanded its services to allow users to make payments in-store, online, and in-app. (Source: Apple)
2. Blockchain and Cryptocurrency
- The US Securities and Exchange Commission (SEC) has approved the first-ever bitcoin ETF, allowing investors to buy and sell shares of a bitcoin-based fund. (Source: CNBC)
- JPMorgan Chase has launched a digital currency called JPM Coin, which is designed for institutional clients. (Source: Bloomberg)
3. Lending and Credit
- LendingClub, a peer-to-peer lending platform, has launched a new credit card product that allows users to earn rewards and cashback. (Source: LendingClub)
- Credit Karma, a personal finance platform, has launched a new credit card monitoring service that alerts users to potential credit card fraud. (Source: Credit Karma)
4. Insurtech
- Lemonade, an insurtech startup, has launched a new renters insurance product that uses AI to provide personalized coverage. (Source: Lemonade)
- Next Insurance, an insurtech startup, has raised $250 million in funding to expand its small business insurance offerings. (Source: Next Insurance)
5. Banking and Financial Inclusion
- Chime, a digital bank, has launched a new checking account product that offers fee-free overdrafts and no minimum balance requirements. (Source: Chime)
- Revolut, a digital bank, has launched a new feature that allows users to buy and sell cryptocurrencies directly from their accounts. (Source: Revolut)
6. Regtech
- The Financial Conduct Authority (FCA) has launched a new regulatory technology platform to help fintech companies comply with financial regulations. (Source: FCA)
- Thomson Reuters has launched a new regtech platform that uses AI to help financial institutions detect and prevent financial crimes. (Source: Thomson Reuters)
7. Mergers and Acquisitions
- PayPal has acquired iZettle, a Swedish fintech company that provides payment solutions to small businesses. (Source: PayPal)
- Stripe has acquired Recko, a fintech company that provides payment processing solutions to e-commerce businesses. (Source: Stripe)
These are just a few examples of the latest fintech news updates. If you're interested in staying up-to-date with the latest fintech news, I recommend following fintech news websites, such as Fintech Today, Fintech News, and The Fintech Times.