SoLo Funds nears 2M users

The peer-to-peer lending platform has faced some regulatory backlash, but a study from London's Centre for Economics and Business Research shows it's cheaper than many other subprime options.

By Gabrielle Saulsbery • Feb. 14, 2024

Adyen eyes growth in North America

Davi Strazza, North America president at Adyen, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.

By Caitlin Mullen • Feb. 14, 2024

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Fraud and AML in banking

It’s not just big banks like Citi, TD or Morgan Stanley that face stiffer AML oversight from regulators. The FDIC is looking closely at banks offering BaaS alongside fintechs.

By Banking Dive staff

NY AG expands suit against DCG

Attorney General Letitia James initially alleged that Digital Currency Group and others defrauded investors of $1 billion. Now, after hearing from more investors, that number is up to $3 billion.

By Gabrielle Saulsbery • Feb. 12, 2024

Bill Holdings, Bank of America revamp contract

The provider of bill-pay software services was expecting to extend its services to more of the bank's clients. Now the bank is changing its plans.

By Lynne Marek • Feb. 12, 2024

Citi moves deeper into e-commerce through digital couponing

The bank recently launched a browser extension that searches for coupons on merchant checkout pages, suggests applicable codes and can activate cash-back offers.

By Suman Bhattacharyya • Feb. 12, 2024

Banks should step up scam response: fraud expert

With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, one executive says.

By Caitlin Mullen • Feb. 9, 2024

Ex-Heartland Tri-State CEO charged with embezzling $47M in crypto

A Heartland customer told authorities he saw a red flag when Shan Hanes, the bank’s CEO until July, asked him for $12 million to help take his money out of a crypto investment, according to Bloomberg.

By Gabrielle Saulsbery • Feb. 8, 2024

Fleet fintech ditches Visa for Mastercard

Fuel card startup AtoB, with $112 million in financial backing, plans to take on dominant fleet service rivals Wex and Fleetcor.

By Lynne Marek • Feb. 6, 2024

Yellen asks Congress for stablecoin legislation

Treasury Secretary Janet Yellen renewed a call for Congress to act on digital assets, saying “there is no appropriate regulatory framework.”

By James Pothen • Feb. 6, 2024

Why ‘pay-by-bank’ faces adoption hurdles in US retail

Pay-by-bank has been catching on slowly, and it’s a particularly long shot for showing up at the point of sale any time soon.

By Suman Bhattacharyya • Feb. 5, 2024

Celsius emerges from bankruptcy after 18 months

As part of its bankruptcy exit, the crypto exchange is distributing $3 billion to creditors and launching a Bitcoin mining firm.

By Gabrielle Saulsbery • Feb. 2, 2024

One in four companies ban GenAI

The research by Cisco found that generative artificial intelligence tools are putting many companies’ sensitive data at increased risk of public exposure.

By Alexei Alexis • Jan. 30, 2024

Rivals may chase Fiserv special bank charter lead

If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.

By Caitlin Mullen • Jan. 25, 2024

Carlyle expands its reach on student loans as banks back out

The private-equity firm bought a $415 million portfolio, reportedly from Truist, and invested in student loan specialist Monogram.

By Dan Ennis • Jan. 25, 2024

Novo rolls out an embedded payroll tool for small businesses

Powered by Check, the new tool, Novo Payroll, aims to help small businesses manage their finances from a single platform.

By Rajashree Chakravarty • Jan. 24, 2024

Klarna adds subscription plan

With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month.

By Caitlin Mullen • Jan. 24, 2024

Jack Henry vaults COO to CEO seat

Greg Adelson, the company’s current president and chief operating officer, will take the reins from outgoing CEO David Foss in July.

By James Pothen • Jan. 23, 2024

Binance, SEC face off in court

For the second time in one week, the Securities and Exchange Commission sought to convince a judge that crypto is a security, and a crypto company sought to convince her of the opposite.

By Gabrielle Saulsbery • Jan. 23, 2024

Synchrony to buy Ally’s point-of-sale lending unit

The deal, expected to close this quarter, includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and healthcare, the companies said.

By Rajashree Chakravarty • Jan. 23, 2024

FedNow draws some banks, as others lag

The Federal Reserve is building up bank participation in FedNow, but big financial institutions such as Bank of America, Citi, PNC and Capital One, remain on the sidelines — for now.

By Lynne Marek • Jan. 19, 2024

Coinbase, SEC face off in court

Coinbase is seeking the dismissal of an SEC lawsuit which accused the crypto exchange of trading more than a dozen tokens that should have been registered as securities.

By Gabrielle Saulsbery • Jan. 18, 2024

Visa picks fintech startups for accelerator

A debt repayment app startup and a small business lender are among the U.S. startups selected by the card network and its partner this year.

By Tatiana Walk-Morris • Jan. 17, 2024

Fiserv seeks special-purpose bank charter

The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.

By Caitlin Mullen • Jan. 12, 2024

X plans payments launch for this year

“I would be surprised if it takes longer than the middle of [2024] to roll out payments,” X owner Elon Musk said during a conversation last month with Ark Invest CEO Cathie Wood.

By James Pothen • Jan. 10, 2024

Remitly taps ads to woo new clients

The cross-border payments company has boosted marketing to build up its remittance clientele.

By Lynne Marek • Jan. 10, 2024