Fintech
The latest fintech news for banking professionals.
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Atomic scores $10M more in investments
“What bill pay was in the ’90s and early 2000s, we want bill management to be [now] ... to transform how people interact with companies that they owe money,” Atomic co-founder Jordan Wright said.
By Gabrielle Saulsbery • April 2, 2025 -
Permission granted by Robinhood
Robinhood to launch banking product
The fintech aims to bring a “private banking experience” with the checking and savings account products it’s launching this fall, a Robinhood executive said.
By Rajashree Chakravarty • April 2, 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 -
Anna Hrushka/Banking Dive
FDIC eases crypto rules for banks
Banks can engage in crypto-related activities, but must still exercise proper caution, the agency said.
By Gabrielle Saulsbery • April 1, 2025 -
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Frank founder, chief growth officer convicted of fraud
Charlie Javice and Olivier Amar face up to decades in prison for falsifying Frank’s customer numbers amid its $175 million sale to JPMorgan Chase.
By Gabrielle Saulsbery • March 31, 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 • March 27, 2025 -
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Q&APlaid’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 -
Permission granted by Chime
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 -
Courtesy of Revolut Press Kit
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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
Permission granted by Varo Bank
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 -
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Q&APathward 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
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 -
Permission granted by Gabrielle Saulsbery
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 -
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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 -
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Q&ACrypto 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
