Fintech
The latest fintech news for banking professionals.
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Ripple would get $75M back under SEC settlement
The agreement must get sign-off from a federal judge, among other next steps. A Democratic commissioner at the SEC, however, said the deal would mark a “tremendous disservice” to the law.
By Dan Ennis • May 9, 2025 -
Celsius founder gets 12 years in prison
Alex Mashinsky misrepresented Celsius’ business and financial position to woo customers into “unbanking themselves,” and then manipulated Celsius’ native token to enrich himself, the DOJ said.
By Gabrielle Saulsbery • May 9, 2025 -
Explore the Trendline➔
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TrendlineArtificial 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 -
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Coinbase to buy options exchange Deribit in $2.9B deal
The transaction – the crypto sphere’s largest of the year – positions Coinbase to boost its international foothold and diversify its trading revenue.
By Dan Ennis • May 9, 2025 -
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Maxine Waters walks out of digital asset hearing
House Democrats’ walkout blocked the hearing from taking place. They cited concerns over the president’s and his family’s ties to digital asset businesses.
By Rajashree Chakravarty • May 7, 2025 -
Aaron Davidson via Getty Images
eToro seeks to raise $500M through IPO
The investment fintech, targeting a $4 billion valuation, is expected to launch on the Nasdaq index May 14.
By Gabrielle Saulsbery • May 7, 2025 -
Anna Moneymaker / Staff via Getty Images
CFPB spurns BNPL rule
Enforcement actions against buy now, pay later players won’t be a priority, with the possible exception of those related to service members or veterans, the bureau said.
By Lynne Marek , Patrick Cooley • May 7, 2025 -
Lynne Marek/Banking Dive
Visa pursues stablecoins for cross-border payments
The biggest U.S. card network is setting up partnerships and innovating behind the scenes to develop stablecoins for cross-border uses.
By Lynne Marek • May 6, 2025 -
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Green Dot, Crypto.com partner for banking services
Crypto.com has collaborated with other mainstream financial firms like Visa and FIS to offer its digital currency customers more services.
By Tatiana Walk-Morris • May 2, 2025 -
Dan Kitwood/Getty Images News via Getty Images
Relaxed regulatory oversight spurs bank-crypto activity
Since January, federal bank regulators have done an about-face on crypto guidance, inspiring banks to explore the space.
By Gabrielle Saulsbery • April 30, 2025 -
Courtesy of https://press.bunq.com/media_kits/228411/
Bunq, Kraken team up to offer crypto service
The crypto exchange platform launched its crypto-as-a-service solution on Wednesday, citing Bunq as an example of real-world CaaS integration.
By Rajashree Chakravarty • April 30, 2025 -
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Safe Harbor’s new CEO: ‘The idea is: grow’
Terry Mendez, who replaced Sundie Seefried this year at the helm of the cannabis banking pioneer, has cut costs and seeks to rebound after the company’s loss nearly tripled last year.
By Caitlin Mullen • April 30, 2025 -
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Paze aims to pump up the volume with Fiserv
The digital wallet owned by seven banks has loaded 150 million customer cards onto the system. Now, it’s working with its processor ally to add more banks.
By Lynne Marek • April 29, 2025 -
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Nexo reenters US market
Co-founder Antoni Trenchev credited the regulatory shift under Trump for the firm’s reemergence in the U.S. Nexo’s exit was preceded by failed regulatory talks and followed by a $45 million SEC fine.
By Gabrielle Saulsbery • April 28, 2025 -
Anne Callahan/Banking Dive
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 • April 28, 2025 -
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Coinbase considers applying for federal bank charter
Regulatory willingness to work with crypto seems to have inspired Coinbase, and reportedly others, to engrain themselves deeper into the traditional financial sector.
By Gabrielle Saulsbery • April 23, 2025 -
Kent Nishimura via Getty Images
Warren presses Bowman on Evolve supervision lapses
Elizabeth Warren and three other senators questioned the Fed governor on her role in the lender’s supervision and accused her of ignoring “clear warning signs … leading up to the Evolve-Synapse meltdown.”
By Rajashree Chakravarty • April 23, 2025 -
Permission granted by Fiserv
Fiserv, Kansas to open fintech hub
The hub will open later this year in Overland Park, Kansas, and help Fiserv better serve Midwestern customers, the company said in a news release Monday.
By Patrick Cooley • April 23, 2025 -
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Ramp reportedly angles for part of $700B US credit card program
The fintech is seeking to handle a piece of the SmartPay federal employee charge card program, assisted by its close ties to the Trump administration, ProPublica reported.
By Justin Bachman • April 23, 2025 -
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Former HSBC exec talks career switch to fintech
HSBC was Episode Six’s second client. The exec who inked the partnership, Brian Muse-McKenney, saw so much promise in the fintech’s offerings that he jumped ship from the C-suite to join it.
By Gabrielle Saulsbery • April 16, 2025 -
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The Trump administration is making space for stablecoins. Should CFOs?
With the Trump administration embracing digital assets, finance leaders need to get educated on the potential risk and reward of cryptocurrencies and stablecoins.
By Grace Noto • April 16, 2025 -
Permission granted by Fiserv
Klarna partners with Fiserv’s Clover
A recently signed deal will bring Klarna’s installment loans to Clover checkout at merchants across the U.S.
By Patrick Cooley • April 16, 2025 -
Joe Raedle / Staff via Getty Images
Block agrees to pay $40M New York penalty
The payments technology company agreed to pay the fine under a consent order to settle allegations related to lax oversight of its Cash App payments tool.
By Lynne Marek • April 16, 2025 -
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BaaS startup Solid files for bankruptcy
Arjun Thyagarajan, the company's CEO and co-founder, filed for Chapter 11 in a Delaware court, citing “costly litigation” and an inability to raise capital since 2022.
By Rajashree Chakravarty • April 16, 2025 -
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NY AG sues MoneyLion, DailyPay
The state’s lawsuits seek to wind down the companies' earned wage access practices in New York.
By Justin Bachman • April 15, 2025 -
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Evolve, Lineage Bank face lawsuit over missing funds
The two lenders, former partner banks of fintech Synapse, were hit with a proposed class action Friday over mismanagement of funds allegedly held at the banks.
By Rajashree Chakravarty • April 9, 2025
