Fintech: Page 3

The latest fintech news for banking professionals.


  • The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City.
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    Michael M. Santiago / Staff via Getty Images
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    Goldman sells Marcus Invest accounts to Betterment

    When accounts transition in June, Goldman's three-year robo-advisory experiment will end, and the bank will shed another piece of its once-nascent consumer-banking business.

    By April 23, 2024
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    Neobank Mercury adds personal banking

    The fintech, which has faced regulatory scrutiny, expanded into consumer banking with Mercury Personal, offering a banking option for founders and investors.

    By April 17, 2024
  • Trendline

    Customer service

    Banks and fintechs have a choice when looking to grow: Identify a new customer segment and expand services, or drill down and better serve the clients they have.

    By Banking Dive staff
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    Michael M. Santiago via Getty Images
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    Pathward to pay refunds, penalty tied to NY AG investigation

    The bank, a frequent partner to fintechs, froze customer accounts and transferred money to debt collectors, violating state law, the NY AG’s office said.

    By April 17, 2024
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    LD via Getty Images
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    Fed keeps up CBDC research

    Despite political opposition to a potential U.S. central bank digital currency, research staff at the central bank continue to study the possibility.

    By Lynne Marek • April 17, 2024
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    Codat seeks to topple check fraud with virtual card adoption

    JPMorgan Chase is an early user of Codat’s Supplier Enablement product, which launched this week.

    By April 17, 2024
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    E4C via Getty Images
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    US, Europe lock arms on payments regulation

    U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.

    By Lynne Marek • April 15, 2024
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    Adro raises $1.5M to bridge international students, banking services

    Without a Social Security number or U.S. credit file, students coming from abroad face a lag in banking in their new home country. Adro aims to fix that.

    By April 10, 2024
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    utah778 via Getty Images
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    Funding Circle gets final nod for SBA 7(a) loans amid pushback

    The London-based company received final approval to proceed with the 7(a) lending program around four months after the SBA announced it would grant three new licenses.

    By April 10, 2024
  • KeyBank branch
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    Courtesy of KeyBank
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    KeyBank scouts for fintech partners

    The bank, which has yet to strike a fintech partnership this year, generally enters into one to two each year, said Ken Gavrity, president of Key Commercial Bank.

    By April 10, 2024
  • The sign reads "howdy stranger yonder is Jackson Hole, last of the old west. On top of Teton Pass Wyoming
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    TenleyThompson via Getty Images
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    Wyoming bank sheds fintech program

    The Kansas City Fed hit Mode Eleven Bancorp with a cease-and-desist following an inspection in September.

    By April 5, 2024
  • Treasury Prime multi-bank network
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    Treasury Prime, Narmi partner to offer customers FedNow service

    The partnership aims to simplify and accelerate the adoption of FedNow by small and medium-sized financial institutions in Treasury Prime’s network.

    By April 3, 2024
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    JPMorgan Chase to let brands target customers based on spending data

    Chase Media Solutions connects customers to retail deals, tailored to their spending, directly through their bank app.

    By April 3, 2024
  • Piermont Bank lobby
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    Piermont, Sutton banks hit with FDIC consent orders over BaaS

    The FDIC ordered Piermont to review all transactions since September 2022 to ensure all suspicious activity was reported. Sutton, meanwhile, must compile an inventory of its third-party relationships.

    By April 1, 2024
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    Fintech trade group sues to block Colorado interest-rate cap

    A law set to take effect July 1 would bar state-chartered banks from offering Coloradans installment loans and BNPL products. But it may clear the market for federally chartered banks, plaintiffs say.

    By March 27, 2024
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    Sukanya Sonlila via Getty Images
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    SBA critics push back on fintechs making 7(a) loans

    During a hearing last week, Sen. Joni Ernst, R-IA, challenged SBA Administrator Isabel Guzman over her push for direct lending by nonbank entities, highlighting the license Funding Circle received last year.

    By March 27, 2024
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    Sitthiphong via Getty Images
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    Fintech Wise swipes Delivery Hero alum for finance chief

    Emmanuel Thomassin will leave for the London-based money transfer provider after a decade in Delivery Hero’s top financial seat.

    By Grace Noto • March 26, 2024
  • JPMorgan Chase sign in front of building in street level view.
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    Chris Hondros via Getty Images
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    JPMorgan seeks embedded payments niches

    The biggest U.S. bank aims to offer embedded payments software solutions in more industries for its corporate clients.

    By Lynne Marek • March 25, 2024
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    Robinhood co-founder steps down

    Baiju Bhatt, who co-founded the fintech 11 years ago and was most recently chief creative officer, is moving on to “focus on his next enterprise.”

    By March 25, 2024
  • Sam Bankman-Fried
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    FTX CEO says Bankman-Fried lives ‘life of delusion’

    In his victim impact statement, John Ray III told Judge Lewis Kaplan that FTX’s estate was “a metaphorical dumpster fire” when he joined the firm at bankruptcy.

    By March 21, 2024
  • Online business payments
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    Varo hires Zillow, Amazon alum as next CFO

    The fintech will tap Allen Parker’s financial acumen as it looks to return its path to profitability following a rocky 2023.

    By Grace Noto • March 20, 2024
  • Cryptocurrency
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    Bakkt names Andy Main as new CEO in leadership shuffle

    The switch comes after the New York Stock Exchange threatened to delist the crypto platform over its share price. Bakkt’s next chief executive will detail his vision for the company March 25 in an earnings call.

    By March 20, 2024
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    Robinhood goes live in the UK

    The company indefinitely postponed its U.K. launch in 2020 over technical issues but rolled out a waitlist in November. It did, however, pause margin investing for U.K. users.

    By March 20, 2024
  • FTC fines fintechs Biz2Credit, Womply $59M over PPP actions

    The agency claimed Biz2Credit misrepresented the timeline for application processing, and Womply had inadequate customer service in the COVID-era crunch for small-business loans.

    By March 19, 2024
  • A sign reading Goldman Sachs is seen on a wood-grained wall.
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    Michael M. Santiago via Getty Images
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    Goldman’s Cohen heads for exit as GreenSky deal closes

    GreenSky is now owned by an investor group led by Sixth Street. Stephanie Cohen, Goldman’s global head of platform solutions, is leaving the bank for IT firm Cloudflare.

    By March 18, 2024
  • A woman using a mobile phone with online transaction appl
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    Marqeta CFO touts EWA expansion

    The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

    By James Pothen • March 18, 2024