Goldman, JPMorgan vet gambled seed round funding: DOJ

Richard Kim told investors his company was developing a cryptocurrency-enabled gaming app, then “gambled away substantially all of the company’s money,” prosecutors said.

By Caitlin Mullen • Aug. 14, 2025

Paxos seeks OCC trust charter

The crypto firm’s renewed application for a national trust charter comes shortly after being fined by the NYDFS, connected to its past relationship with Binance. 

By Rajashree Chakravarty • Aug. 13, 2025

Explore the Trendline➔

Fintech disruption in the banking industry

There are as many schools of thought on how to disrupt the banking space as there are disruptors.

By Banking Dive staff

Do Kwon pleads guilty to fraud counts

Prosecutors plan to recommend a sentence of 12 years, and $19 million in penalties, as long as Kwon doesn’t commit any more crimes.

By Gabrielle Saulsbery • Aug. 13, 2025

Banks accelerate AI deployments as agentic tools gain traction

More than half of the new use cases launched by the financial firms this year leveraged generative AI capabilities, according to Evident Insights research.

By Matt Ashare • Aug. 12, 2025

The future of banking is human

Credit unions are centering on people plus tech instead of profits, and that will define the future of financial services.

Aug. 11, 2025

Ripple to buy Canadian stablecoin platform Rail for $200M

The acquisition comes amid expected wider acceptance of stablecoins in the U.S. Ripple has rebounded this year, with a separate $1.25 billion deal. The SEC also dropped its case against the company.

By Dan Ennis • Aug. 7, 2025

Wells Fargo taps Google Cloud for agentic AI push

The tools will give employees real-time market insights, help navigate extensive documentation and improve customer service.

By Roberto Torres • Aug. 7, 2025

CFTC, SEC make quick work on crypto movement

Both regulators announced plans last week to get going on crypto regulation that aligns with a report by the President’s Working Group on Digital Assets. They’ve already made waves this week.

By Gabrielle Saulsbery • Aug. 6, 2025

Small businesses turn to financial advice, data for growth: Citizens survey

Small business owners who rely on cash flow tools tend to have “higher confidence” and make informed decisions, according to Citizens’ head of business banking, Mark Valentino.

By Rajashree Chakravarty • Aug. 6, 2025

Why Capital One’s software division created its own data security tool

When the bank couldn’t find a commercially available tokenization software tool, it tapped its engineering team to build one.

By Matt Ashare • Aug. 6, 2025

Will JPMorgan take a bigger bite of Apple?

If the bank makes a play for the tech company's credit card portfolio, it may also make a broader bid for more business.

By Patrick Cooley • Aug. 5, 2025

JPMorgan teams up with Coinbase

The U.S.’s biggest bank will partner with the crypto exchange to link Chase bank accounts and Coinbase crypto wallets.

By Rajashree Chakravarty • July 30, 2025

TD exec keeps sight of customer trust amid AI rush

Consumers are more comfortable with AI but still want human connection when it comes to certain services, making it crucial for banks to meet customers where they are, said TD Bank’s head of analytics, intelligence and AI.

By Caitlin Mullen • July 30, 2025

BofA taps next tech chief

Aditya Bhasin, the lender’s chief technology and information officer since 2021, is leaving the bank and will be replaced by Hari Gopalkrishnan, who’s been at BofA since 2011.

By Caitlin Mullen • July 29, 2025

Post-asset cap, Wells chases government banking growth

In government banking, “we have felt it, reputationally,” a Wells executive said of the bank’s growth restraint and the issues that prompted it. Now, “our limitations are behind us.”

By Caitlin Mullen • July 29, 2025

Trade groups push back on crypto firms’ bank charter pursuit

The ABA and other trade groups have urged the OCC to delay approving national trust bank charter applications from Ripple, Circle and other crypto firms, citing “substantial concerns.”

By Rajashree Chakravarty • July 23, 2025

Discover costs mount for Capital One

Integration costs will surpass the original $2.8 billion estimate, CEO Richard Fairbank said Tuesday. Capital One reported a $4.3 billion second-quarter loss.

By Caitlin Mullen • July 23, 2025

Ally makes AI platform available companywide

The bank’s proprietary artificial intelligence platform, Ally.ai, has been tested with 2,200 employees in marketing, audit and technology over the past 18 months, its CIO said.

By Caitlin Mullen • July 23, 2025

OpenAI’s Altman didn’t expect banks to take to AI so soon

Financial institutions have been surprise early adopters of ChatGPT, and the AI industry is on the advent of "intelligence too cheap to meter," OpenAI's CEO and co-founder said at a Fed event Tuesday.

By Gabrielle Saulsbery • July 22, 2025

Banks diversify cloud portfolios to bolster resilience

Financial firms are leaning on cloud to improve customer service and power long-term growth, London Stock Exchange Group found.

By Matt Ashare • July 18, 2025

Big bank CEOs talk stablecoin plans

The prospect of a more favorable regulatory environment for digital assets has large lenders exploring or plotting stablecoin plans, JPMorgan, BofA, Citi and U.S. Bank executives indicated last week.

By Caitlin Mullen • July 17, 2025

Bank of America touts AI gains amid industrywide adoption push

The company deployed automated coding tools to its 17,000 software developers, CEO Brian Moynihan said Wednesday.

By Matt Ashare • July 17, 2025

Anthropic rolls out financial AI tools to target large clients

Claude for financial services can “turbocharge” the work analysts or fund managers are already doing by serving as their research analyst assistant, said Jonathan Pelosi, global head of industry for financial services at Anthropic.  

By Rajashree Chakravarty • July 16, 2025

6 takeaways from the Senate’s crypto market structure hearing

Senators largely agreed on the need for regulation, but differed on the potential focus and framing of such a bill.

By Gabrielle Saulsbery • July 11, 2025

Community banks view embedded finance as key to longevity: report

Despite increased regulatory scrutiny of banking-as-a-service, over half of the surveyed community bank respondents are considering implementing BaaS or embedded banking solutions.

By Rajashree Chakravarty • July 9, 2025