Fintek 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 include support for credit and debit cards from over 30 banks in the US. (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 fund that tracks the price of bitcoin. (Source: CNBC)
- JPMorgan Chase has launched a digital currency called JPM Coin, which is designed for institutional investors and corporate 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 borrow up to $50,000 with a fixed interest rate. (Source: LendingClub)
- Credit Karma, a personal finance platform, has launched a new credit card monitoring feature that alerts users to potential credit card fraud. (Source: Credit Karma)
4. Insurtech
- Lemonade, a digital insurance company, has launched a new renters insurance product that uses AI to provide personalized coverage options. (Source: Lemonade)
- Next Insurance, a digital insurance platform, has raised $250 million in funding to expand its services to small businesses. (Source: Next Insurance)
5. Fintech M&A
- PayPal has acquired iZettle, a Swedish fintech company that provides payment solutions to small businesses. (Source: PayPal)
- Stripe, a payment processing company, has acquired Recko, a fintech company that provides real-time payment tracking and reconciliation services. (Source: Stripe)
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 provides AI-powered compliance solutions for financial institutions. (Source: Thomson Reuters)
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 reputable fintech news sources such as The Financial Brand, Finextra, and Fintech Today.