Gemini pursues IPO

A number of cryptocurrency firms have filed for initial public offerings in 2025. More may follow given “pent-up demand for crypto-oriented companies,” according to one crypto VC.

By Gabrielle Saulsbery • June 11, 2025

Varo’s new tech chief views responsible AI as differentiator

Rathi Murthy, who became the San Francisco-based all-digital bank's CTO in March, has hired for two new and complementary roles aimed at business diligence and strategic development.

By Rajashree Chakravarty • June 11, 2025

Explore the Trendline➔

Artificial 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

FTA CEO says open banking central to fintechs’ work

The leader of the Financial Technology Association sees a federal court battle over the Consumer Financial Protection Bureau rule as critical to innovation.

By Justin Bachman • June 11, 2025

Fiserv CEO embraces stablecoins

The processor is developing an infrastructure that would let its merchant customers make use of the digital assets, Mike Lyons said.

By Patrick Cooley • June 10, 2025

Walmart returns to Synchrony for new cards

The shift comes more than a year after the retailer received permission from a federal judge to end its credit card partnership with Capital One because of customer service issues.

By Lynne Marek • June 9, 2025

Yotta sues Evolve alleging ‘Ponzi scheme’ in new lawsuit

A federal judge dismissed Yotta's September lawsuit against the lender for alleged misappropriation of millions. Yotta filed a new lawsuit Wednesday with a fresh “Ponzi scheme” accusation.

By Rajashree Chakravarty • June 6, 2025

Circle CFO takes post-IPO victory lap for stablecoin, company

The public offering represents an “accelerant” for Circle as it seeks to establish itself at the heart of a new “internet financial system,” CFO Jeremy Fox-Geen said.

By Grace Noto • June 5, 2025

Payments firms account for bulk of fintech revenue

Of the $378 billion in global fintech revenues in 2024, $126 billion came from payments firms, according to a new report. The sector is poised for more growth with AI innovation.

By Gabrielle Saulsbery • June 4, 2025

Chime seeks $832M in next week’s Nasdaq IPO

After filing S-1 paperwork last month, the San Francisco-based fintech plans to offer 32 million shares priced between $24 and $26 per share.

By Rajashree Chakravarty • June 4, 2025

MoneyGram CEO targets digital remake

Anthony Soohoo is tackling a digital transformation of the legacy cross-border payments company, leaning on experience at Walmart and Apple.

By Lynne Marek • June 4, 2025

Why BNPL appeals to salons

The buy now, pay later option attracts more customers and leads to bigger spending, asserts a payments software executive.

By Patrick Cooley • June 4, 2025

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

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

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

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

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

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

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

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

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

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

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

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

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

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