Fintech

Robinhood Markets Inc launched its “Cash Management” service to a select base of customers on Wednesday. What Happened The Cash Management service will allow the users to move their uninvested cash in their brokerage account to an interest-earning account which they can access...

In an updated filing with the U.S. Securities and Exchange Commission on Wednesday, fintech company OneConnect Financial Technology Ltd changed the amount it is expecting to raise as part of its initial public offering — for the second time in December. Up, Down, Up, And Down Again The...

Wells Fargo & Co (NYSE: WFC) announced the adoption of zero-cost trades on its WellsTrade self-directed trading platform on Monday.  This development follows Bank of America Corp's (NYSE: BAC) announcement that introduced commission-free trading of stocks, ETFs and options...

Bank of America Corp (NYSE: BAC) expanded its free trading offering Monday with the elimination of commissions on stock, ETF and options trades. This development follows Robinhood’s pioneering of the large-scale, commission-free retail trading model that many established...

WAYV, the VC-backed company launched by Eaze’s founder Keith McCarty, and finance and compliance tech company Hypur have partnered up to launch a “credit card-like” B2B technology solution for the cannabis industry. The payments solution, aimed at the entire cannabis supply chain...

Oregon-based footwear giant Nike Inc (NYSE: NKE) has been awarded a blockchain patent by the U.S. Patent and Trademark Office to create digital versions of its shoes. Blockchain Shoes In the patent published on the U.S. Patent and Trademark Office website on Tuesday, Nike said that its...

The small business credit card industry has erupted in the past few years. More banks and credit card companies than ever before are advertising their own plastic that promises things like zero-interest repayment periods, cashback rewards, access to special airport lounges, and myriad other...

StockTwits is a real-time financial communication and media network. The firm recently entered the brokerage business with a commission-free trading platform, Trade App. CEO Ian Rosen spoke about democratizing investing for investors of all skill levels Nov. 19 at the Benzinga Global Fintech...

Smartlands, a U.K-based token issuance and investment platform for assets in real estate, logistics, agriculture and private equity, formally announced plans to tokenize its holding company, Smartlands Holding Ltd. “This offering is part of our bigger strategy of bringing in investments...

The People’s Bank of China has partnered with seven state-owned companies, including four banks and three telecom companies, to test its digital currency, The Block reported on Monday. What Happened The central bank is initially testing the digital currency electronic payment (DCEP...

Technology giants are bringing digital financial services to more people in the world than ever, but the authorities should be watchful for anti-competitive practices and unfair advantage over traditional systems, the Financial Stability Board said in a report on Sunday. The FSB is an...

Cryptocurrencies may have been “additions” rather than “substitutes” thus far in the world of finance, but the next decade could change that, or so says Deutsche Bank AG’s (NYSE: DB) research arm. Growing Discontent With Fiat In the “Image 2030” report,...

Benzinga’s Securities Lending Volatility Index (SLVX) Powered by Tidal Markets, is an indicator that forecasts stock market activity for broader indices and individual securities. To demonstrate the use of the SLVX as a stock market indicator, take a look at how changes in the SLVX...

A team of former Morgan Stanley (NYSE: MS) developers has launched a new, "high-speed" cryptocurrency derivatives exchange, according to Cointelegraph. What Happened Eight former developers from Morgan Stanley announced the launch of a "high-speed" crypto derivatives exchange...