Evolve, Lineage Bank face lawsuit over missing funds

The two lenders, former partner banks of fintech Synapse, were hit with a proposed class action Friday over mismanagement of funds allegedly held at the banks. 

By Rajashree Chakravarty • April 9, 2025

Do growing fintechs need more federal regulation?

State regulators say they’re updating their rules and are best-suited to oversee licensed money transmitters — and a new U.S. payments charter isn’t needed. 

By Justin Bachman • April 8, 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

Stripe seeks Georgia special banking charter

If approved, the charter would give Stripe the ability to process credit card transactions without a bank partner.

By Patrick Cooley • April 7, 2025

Brex sees procurement push onto its card

Corporate buyers are exploring ways to move more of their spending onto cards for better tracking and insight, a Brex executive vice president says.

By Justin Bachman • April 4, 2025

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

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

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

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

Plaid’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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Pathward 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 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