Fintech
The latest fintech news for banking professionals.
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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 -
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ColumnA mixed weekend for crypto
The SEC dropped crypto enforcement actions against two companies, but the DOJ handed a half billion dollars in penalties to another. A fourth was hit with a record hack.
By Gabrielle Saulsbery • Feb. 26, 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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Colorado, Virginia legislation would impact fintech lending
The FDIC withdrew support for Colorado's “opt-out” law allowing interstate interest rate exportation, while Virginia's pending bill would restrict fintech lending statewide.
By Rajashree Chakravarty • Feb. 26, 2025 -
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Stripe employee share sale may mean delayed IPO
An internal sale of stock to workers may mean the company won’t pursue a public offering anytime soon, consultants and analysts said.
By Patrick Cooley • Feb. 25, 2025 -
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Q&AFintech Stash gets a boost from its AI assistant
Stash’s artificial intelligence-powered platform, Money Coach, has helped it become free cash flow positive while helping its customers make “efficient and smart” financial choices, co-CEO Ed Robinson said.
By Rajashree Chakravarty • Feb. 19, 2025 -
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Fed’s Barr: Race to tap generative AI exacerbates risks
As more nimble nonbanks employ a “risk-forward” attitude toward generative AI, the Fed’s outgoing vice chair for supervision called for monitoring how the technology’s introduction alters banking.
By Caitlin Mullen • Feb. 19, 2025 -
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Fed delays start of new Fedwire standard
The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.
By Lynne Marek • Feb. 19, 2025 -
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How payment scams start on social media
Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.
By Patrick Cooley • Feb. 18, 2025 -
Lynne Marek/Banking Dive
Waller sees stablecoins advancing in retail
Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.
By Lynne Marek • Feb. 18, 2025 -
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Shame drives rampant underreporting of fraud, panelists say
Push-payment scams are at a "crisis level," consumer advocates at a Banking Dive event said, with losses totaling perhaps more than 15 times what's reported.
By Gabrielle Saulsbery • Feb. 12, 2025 -
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Wise to close Tampa office, cut about 300 employees
The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.
By Rajashree Chakravarty • Feb. 12, 2025 -
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nCino taps chief product officer as CEO
Sean Desmond succeeded Pierre Naudé, the firm’s chairman and CEO of 13 years, to become the next chief executive.
By Rajashree Chakravarty • Feb. 5, 2025 -
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CFPB fines Wise $2.5M over remittance violations
In one of the bureau's final actions under former Director Rohit Chopra's leadership, the CFPB said Wise misled customers in the U.S. about fees and failed to make other required disclosures.
By Rajashree Chakravarty • Feb. 5, 2025 -
Permission granted by Cushion
Cushion shutters after 8 years
The fintech, previously valued at over $82 million, has wound down, founder Paul Kesserwani wrote on LinkedIn last week.
By Gabrielle Saulsbery • Feb. 5, 2025 -
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What’s coming for the banking industry in 2025
Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.
By Banking Dive staff • Jan. 31, 2025 -
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Deep DiveBanking sector girds for M&A uptick in 2025
Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?
By Rajashree Chakravarty • Jan. 31, 2025 -
Permission granted by Middesk
Middesk seeks to remove friction from know-your-business processes
“Good businesses [are] put through the ringer ... largely because the infrastructure to help a bank understand who that customer is has just been really bad,” said founder Kyle Mack.
By Gabrielle Saulsbery • Jan. 29, 2025 -
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HSBC sunsets year-old app Zing
The money transfer app, launched with initial plans to compete in the U.K. with fintechs like Wise and Remitly, will be closed “following a strategic review,” the bank said.
By Rajashree Chakravarty • Jan. 29, 2025 -
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Trump media firm aims to launch fintech brand this year
The company wants to develop “American First” investment vehicles with funding of up to $250 million to be custodied by Charles Schwab, it said Wednesday.
By Dan Ennis • Jan. 29, 2025 -
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Fintechs may gain at banks’ expense in Trump era
The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase competition for banks.
By Lynne Marek • Jan. 28, 2025 -
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Trump order embraces stablecoins, bars CBDCs
President Donald Trump issued a “digital financial technology” executive order Thursday backing the cryptocurrency industry and terminating any federal work on a central bank digital currency.
By Lynne Marek • Jan. 24, 2025 -
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Barclays to shutter its Rise fintech accelerator, hub
Rise has been “the gathering hub” for the fintech ecosystem for the past decade, and its loss creates a significant gap, one venture capitalist said.
By Gabrielle Saulsbery • Jan. 22, 2025 -
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SEC unveils crypto task force led by Hester Peirce
“This undertaking will take time, patience, and much hard work,” Peirce said, adding the agency plans to encourage a regulatory environment that “protects investors, facilitates capital formation, fosters market integrity, and supports innovation.”
By Rajashree Chakravarty • Jan. 22, 2025 -
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Capital One outage spans days, hits thousands
Third-party vendor FIS blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected more than two dozen financial institutions.
By Dan Ennis • Jan. 21, 2025 -
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Silvergate ex-CFO seeks dismissal of SEC charges
Antonio Martino filed for dismissal Tuesday, seven months after the SEC fined Silvergate and banned two of its executives from C-suite positions for five years.
By Gabrielle Saulsbery • Jan. 16, 2025
