FinTechUpdate

PayPal Is Laying Off 2,000 of Its Workforce
PayPal has announced it is laying off roughly 2,000 employees, representing approximately 7% of its staff....
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Major Banks Joining Forces to Take on Apple Card, PayPal
Major banks are reportedly joining forces in an effort to better take on Apple Card and PayPal in the digital wallet market....
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Stripe May Go Public Within the Next Year
Stripe's IPO may be on the horizon, with the company telling employees it will decide within the next year whether to go public....
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Germany Investigating PayPal’s Market Dominance
PayPal is in the crosshairs of German regulators over concerns that it used its market dominance to stifle competition....
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JPMorgan Says It Was Duped Into Buying a Startup, Sues Founder
JPMorgan is in the middle of an embarrassing situation, claiming it was duped into purchasing a startup....
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The 4 Best Stock Research Websites in 2023
Are you looking for the best stock research websites? With so many options, it can take time to figure out where to start. ...
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FTC Orders Mastercard to Stop ‘Illegal Business Tactics’
The Federal Trade Commission has ordered Mastercard to stop its 'illegal business tactics' in an effort to level the debit card payment field....
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Microsoft and London Stock Exchange Group Form Strategic Partnership
Microsoft will purchase a 4% equity stake in the London Stock Exchange Group (LSEG), forming a 10-year cloud partnership....
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How Crypto Has Changed How We View Money
The rise of cryptocurrencies has begun to change how people view money and how it works for their needs. As the internet develops into the metaverse, peopl...
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JPMorgan Decides Against Investment in Fintech Company Yapily
JPMorgan has reportedly decided against investing in fintech company Yapily, dealing a blow to the startups fundraising....
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Why Are Fintech Companies Struggling In 2022?
After a period of immense growth in the Fintech industry, things have settled down. That’s the optimistic way of putting it, at least. For some companies,...
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US Gross National Debt Hits Record $31 Trillion
The United States national debt hit a new milestone, crossing $31 trillion at a time when the economy is in a major downturn....
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Kim Kardashian is Launching a Private Equity Firm
One of the best ways to build wealth is through making critical investments in the proper fields and at the right time. Furthermore, it doesn’t matter what...
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Startup Poaches Apple Card’s Head of Credit
Apple has lost Abhi Pabba, head of credit for the Apple Card, to credit card startup X1. Apple has inc...
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How to Start Investing When You’re Broke
For a long time, investing money seemed out of reach for the average person. Even today, many assume that one needs thousands of dollars to begin their inv...
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