Fintech
The latest fintech news for banking professionals.
-
Anna Moneymaker via Getty Images
Regulatory clarity ‘foundational’ for crypto: Gemini CFO
Newly minted Gemini CFO Dan Chen emphasized the importance of clear regulatory frameworks as the Trump administration continues to woo the crypto industry.
By Grace Noto • June 2, 2025 -
Creative stock via Getty Images
Circle files for IPO
The stablecoin issuer, seeking to go public since 2021, has shut down recent rumors about selling to potential buyers.
By Rajashree Chakravarty • May 28, 2025 -
Explore the Trendline➔
da-kuk via Getty Images
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 -
Retrieved from Office of the Governor of the State of New York.
Fintech groups oppose state BNPL rules
Lobbying organizations argue that New York's rules treat buy now, pay later purchases too much like credit card transactions.
By Patrick Cooley • May 28, 2025 -
ArLawKa AungTun via Getty Images
Global Payments to sell payroll unit for $1.1B
The payments processor agreed to sell the division to software company Acrisure as it focuses on selling merchant services.
By Lynne Marek • May 28, 2025 -
Sitthiphong via Getty Images
Circle co-founder to build new ‘AI-native’ bank
Catena Labs recently secured $18 million in a seed funding round, which it plans to use to build a bank designed to serve the emerging AI economy, said co-founder and CEO Sean Neville.
By Rajashree Chakravarty • May 21, 2025 -
Courtesy of Fifth Third Bank
Fifth Third gives customers free access to wills
The move reflects the bank’s aims to bolster its benefits for customers and do more with its fintech partners to differentiate itself from competitors, a Fifth Third VP said.
By Caitlin Mullen • May 19, 2025 -
Avosb via Getty Images
Fintech association to defend open banking in court
The Financial Technology Association will seek to protect a Consumer Financial Protection Bureau open banking rule after receiving a federal judge’s permission to intervene.
By Justin Bachman • May 16, 2025 -
Leon Neal via Getty Images
Hack could cost Coinbase up to $400M: filing
The crypto exchange is offering a $20 million reward for information leading to the hackers’ arrest. Coinbase terminated customer support agents who leaked customer data.
By Gabrielle Saulsbery • May 16, 2025 -
Permission granted by Wise
CFPB slashes most of Wise penalty
The U.S. unit of fintech Wise must pay the bureau $45,000 and roughly $450,000 in redress to affected customers – a far cry from the $2.5 million penalty issued in January.
By Rajashree Chakravarty • May 16, 2025 -
Jack Taylor via Getty Images
Judge denies move to reduce Ripple’s penalty in SEC case
The parties failed to “address the heavy burden” involved in vacating an injunction, choosing to couch their agreement as a settlement to be approved rather than a request for relief, Judge Analisa Torres said Thursday.
By Dan Ennis • May 16, 2025 -
Permission granted by Chime
Chime files for IPO
Chime submitted its paperwork to go public Tuesday in a widely expected move, stressing that it “is a technology company, not a bank.”
By Rajashree Chakravarty • May 14, 2025 -
valiantsin suprunovich via Getty Images
Lawmaker seeks probe into Ramp’s bid for $25M GSA contract
Rep. Gerry Connolly, D-VA, is looking into the GSA’s contractor selection process to work on the SmartPay program, alleging an agency employee called the fintech the “favorite” to win the contract.
By Rajashree Chakravarty • May 14, 2025 -
Spencer Platt / Staff via Getty Images
Robinhood to buy WonderFi for $179M
The deal pushes Robinhood deeper into the Canadian market after the fintech opened its Canadian headquarters in Toronto last year.
By Gabrielle Saulsbery • May 14, 2025 -
BlackJack3D via Getty Images
Generative AI may shoulder up to 40% of workload, some bank execs predict
Six in 10 bank executives list generative AI as a top investment priority this year, according to a survey published in April by KPMG.
By Caitlin Mullen • May 14, 2025 -
innni via Getty Images
Q&AMarqeta chief focuses on revenue diversity, execution
Interim CEO Mike Milotich wants to boost the processor’s non-Block revenue and expand its embedded finance offerings via a new mobile app for customers.
By Justin Bachman • May 12, 2025 -
Jack Taylor via Getty Images
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 -
Justin Sullivan via Getty Images
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 -
Dan Kitwood via Getty Images
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 -
bizoo_n via Getty Images
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
