Fintech
The latest fintech news for banking professionals.
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Sponsored by Arcesium
[Podcast] Comply to Compete: Better Banking Data Management Through 2025’s M&A Integrations
M&A is surging—are banks ready for the compliance challenges? Tune in to Arcesium’s podcast for expert insights.
By Banking Dive's studioID • March 27, 2025 -
Q&A
Plaid’s Brian Dammeir talks future of open banking
Open banking has long been an industry-led venture. The trendline won’t change even if the timeline does, Plaid’s head of payments and financial management said.
By Gabrielle Saulsbery • March 26, 2025 -
Explore the Trendline➔
da-kuk via Getty ImagesTrendlineArtificial intelligence
Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?
By Banking Dive staff -
Chime adds instant loans
The San Francisco-based fintech has debuted an instant loans product that offers three-month installment funds of up to $500 to Chime members.
By Rajashree Chakravarty • March 26, 2025 -
Revolut US CFO aims for growth, maturity, with more ‘boots on the ground’
Getting the balance between agility and compliance right is crucial for the fintech as it looks to continue its expansion into key markets like the U.S., Revolut CFO Max Lapin said.
By Grace Noto • March 25, 2025 -
Kraken to buy futures platform NinjaTrader for $1.5B
The tie-up marks the largest deal to date between the traditional finance and crypto sectors.
By Gabrielle Saulsbery • March 24, 2025 -
Coastal Community Bank self-identifies material weakness
The Everett, Washington-based company restated its financial reports for 2023 and the first three quarters of 2024. The lender recently inked a partnership with neobank Dave.
By Rajashree Chakravarty • March 20, 2025 -
SEC to drop Ripple case
“I'm heartened that we have paved the way for other industry players to see the value in not backing down ... We are now closing a chapter in crypto history,” CEO Brad Garlinghouse said.
By Gabrielle Saulsbery • March 20, 2025 -
Grasshopper lines up new executives amid lending push
The $867.5 million-asset digital bank added a slew of new lending executives this week, as the lender seeks to jump off loan growth that's come in part from its embedded finance business.
By Gabrielle Saulsbery • March 19, 2025 -
UK’s OakNorth to acquire Michigan community bank
The London-based digital bank will buy Community Unity Bank to get a U.S.-based charter and gain a toehold among lower mid-market businesses.
By Rajashree Chakravarty • March 19, 2025 -
Crypto firm Gemini hires Affirm veteran as CFO
Dan Chen’s appointment could signal momentum in Gemini’s reported plans to conduct an IPO, coming as the crypto exchange closes the books on several regulatory actions.
By Grace Noto • March 18, 2025 -
Fintech SmartBiz buys Illinois bank
Initially, the fintech considered obtaining its own charter, but decided it made more sense to find a lender open to acquisition that could complement SmartBiz’s strengths, said CEO Evan Singer.
By Caitlin Mullen • March 18, 2025 -
Klarna whittled workforce via AI ahead of IPO
The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.
By Justin Bachman , Lynne Marek • March 17, 2025 -
Mercury to pivot from partner bank Evolve
The decision to sever ties with Evolve follows neobank Dave’s decision to line up Coastal Community Bank as its new partner.
By Rajashree Chakravarty • March 17, 2025 -
Brex strives for predictability after operational overhaul
After the company laid off 20% of its employees last January and changed the way it puts out products, Brex COO Camilla Matias has high hopes for what’s coming.
By Gabrielle Saulsbery • March 13, 2025 -
Airwallex taps into multibillion-dollar creator economy
By embedding finance tools into creator platforms, Airwallex aims to help creators get paid more easily, said Ravi Adusumilli, the company's Americas president.
By Gabrielle Saulsbery • March 12, 2025 -
Varo to leverage AI, machine learning in profitability push
Incoming Varo Bank CEO Gavin Michael said he plans to achieve profitability by capitalizing on technology for underwriting and fraud prevention.
By Rajashree Chakravarty • March 12, 2025 -
Q&A
Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’
Regulators will keep BaaS under the microscope, continuing to put pressure on the space and contributing to fewer banks in the space, expects Brett Pharr, the bank’s CEO.
By Caitlin Mullen • March 12, 2025 -
Green Dot considers sale as CEO exits
The embedded finance company, which posted a loss last year, hired Citi to explore its strategic options and named an interim CEO.
By Lynne Marek • March 11, 2025 -
Capital One co-founder sees a ‘generation’ of fintech IPOs soon
“Fintech levels the playing field,” said Nigel Morris, who runs venture-capital firm QED Investors. “Fintech takes away the power hegemony between incumbent and individual.”
By Gabrielle Saulsbery • March 11, 2025 -
Dave, Coastal Community Bank team up in pivot away from Evolve
The Los Angeles-based fintech will start onboarding customers to Coastal Community Bank as soon as the second quarter of 2025, Dave said Monday.
By Rajashree Chakravarty • March 5, 2025 -
Q&A
Crypto miner stresses risk minimization, manufacturing capability
Broadstreet Private Equity CEO David Feingold hedges against the volatility of crypto by converting every altcoin his operation mines into a stablecoin by day’s end.
By Gabrielle Saulsbery • March 5, 2025 -
Crypto firm Tether appoints new CFO, names predecessor as chair
The stablecoin issuer aims to conduct a full audit in a bid to leave behind a somewhat checkered past with U.S. regulators as the Trump administration courts the crypto industry.
By Grace Noto • March 4, 2025 -
SEC drops case against Kraken
“This dismissal lifts that cloud of uncertainty. It reaffirms that businesses like Kraken, which prioritize compliance and consumer protection, should not be subject to arbitrary legal battles,” the exchange wrote in a blog post.
By Gabrielle Saulsbery • March 3, 2025 -
Robinhood CFO sells $1.2M in shares after dropped SEC investigation
“Let me be crystal clear — this investigation never should have been opened,” Robinhood’s chief legal officer said last Monday.
By Grace Noto • Feb. 28, 2025 -
KeyBank, Treasury Prime partner on embedded banking
The partnership, targeted at fintechs and institutional clients, will focus on faster revenue generation and simpler technical uplifts.
By Rajashree Chakravarty • Feb. 27, 2025