Fintech: Page 4
The latest fintech news for banking professionals.
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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 -
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 -
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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 -
Anna Moneymaker via Getty Images
Crypto firm Tether appoints new CFO, names predecessor as chair
The stablecoin issuer aims to conduct a full audit in a bid to leave behind a somewhat checkered past with U.S. regulators as the Trump administration courts the crypto industry.
By Grace Noto • March 4, 2025 -
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SEC drops case against Kraken
“This dismissal lifts that cloud of uncertainty. It reaffirms that businesses like Kraken, which prioritize compliance and consumer protection, should not be subject to arbitrary legal battles,” the exchange wrote in a blog post.
By Gabrielle Saulsbery • March 3, 2025 -
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Robinhood CFO sells $1.2M in shares after dropped SEC investigation
“Let me be crystal clear — this investigation never should have been opened,” Robinhood’s chief legal officer said last Monday.
By Grace Noto • Feb. 28, 2025 -
Permission granted by Treasury Prime
KeyBank, Treasury Prime partner on embedded banking
The partnership, targeted at fintechs and institutional clients, will focus on faster revenue generation and simpler technical uplifts.
By Rajashree Chakravarty • Feb. 27, 2025 -
Dan Kitwood via Getty Images
ColumnA mixed weekend for crypto
The SEC dropped crypto enforcement actions against two companies, but the DOJ handed a half billion dollars in penalties to another. A fourth was hit with a record hack.
By Gabrielle Saulsbery • Feb. 26, 2025 -
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Colorado, Virginia legislation would impact fintech lending
The FDIC withdrew support for Colorado's “opt-out” law allowing interstate interest rate exportation, while Virginia's pending bill would restrict fintech lending statewide.
By Rajashree Chakravarty • Feb. 26, 2025 -
Matt Winkelmeyer via Getty Images
Stripe employee share sale may mean delayed IPO
An internal sale of stock to workers may mean the company won’t pursue a public offering anytime soon, consultants and analysts said.
By Patrick Cooley • Feb. 25, 2025 -
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Q&AFintech Stash gets a boost from its AI assistant
Stash’s artificial intelligence-powered platform, Money Coach, has helped it become free cash flow positive while helping its customers make “efficient and smart” financial choices, co-CEO Ed Robinson said.
By Rajashree Chakravarty • Feb. 19, 2025 -
Kevin Dietsch / Staff via Getty Images
Fed’s Barr: Race to tap generative AI exacerbates risks
As more nimble nonbanks employ a “risk-forward” attitude toward generative AI, the Fed’s outgoing vice chair for supervision called for monitoring how the technology’s introduction alters banking.
By Caitlin Mullen • Feb. 19, 2025 -
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Fed delays start of new Fedwire standard
The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.
By Lynne Marek • Feb. 19, 2025 -
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How payment scams start on social media
Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.
By Patrick Cooley • Feb. 18, 2025 -
Lynne Marek/Banking Dive
Waller sees stablecoins advancing in retail
Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.
By Lynne Marek • Feb. 18, 2025 -
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Why the rampant underreporting of fraud? Shame, panelists say
Push-payment scams are at a "crisis level," consumer advocates at a Banking Dive event said, with losses totaling perhaps more than 15 times what's reported.
By Gabrielle Saulsbery • Feb. 12, 2025 -
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Wise to close Tampa office, cut about 300 employees
The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.
By Rajashree Chakravarty • Feb. 12, 2025 -
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nCino taps chief product officer as CEO
Sean Desmond succeeded Pierre Naudé, the firm’s chairman and CEO of 13 years, to become the next chief executive.
By Rajashree Chakravarty • Feb. 5, 2025 -
dem10 via Getty Images
CFPB fines Wise $2.5M over remittance violations
In one of the bureau's final actions under former Director Rohit Chopra's leadership, the CFPB said Wise misled customers in the U.S. about fees and failed to make other required disclosures.
By Rajashree Chakravarty • Feb. 5, 2025 -
Permission granted by Cushion
Cushion shutters after 8 years
The fintech, previously valued at over $82 million, has wound down, founder Paul Kesserwani wrote on LinkedIn last week.
By Gabrielle Saulsbery • Feb. 5, 2025 -
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What’s coming for the banking industry in 2025
Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.
By Banking Dive staff • Jan. 31, 2025 -
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Deep DiveBanking sector girds for M&A uptick in 2025
Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?
By Rajashree Chakravarty • Jan. 31, 2025 -
Permission granted by Middesk
Middesk seeks to remove friction from know-your-business processes
“Good businesses [are] put through the ringer ... largely because the infrastructure to help a bank understand who that customer is has just been really bad,” said founder Kyle Mack.
By Gabrielle Saulsbery • Jan. 29, 2025 -
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HSBC sunsets year-old app Zing
The money transfer app, launched with initial plans to compete in the U.K. with fintechs like Wise and Remitly, will be closed “following a strategic review,” the bank said.
By Rajashree Chakravarty • Jan. 29, 2025 -
Chip Somodevilla via Getty Images
Trump media firm aims to launch fintech brand this year
The company wants to develop “American First” investment vehicles with funding of up to $250 million to be custodied by Charles Schwab, it said Wednesday.
By Dan Ennis • Jan. 29, 2025
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