Fintech

The latest fintech news for banking professionals.


  • fintech graphic
    Image attribution tooltip
    Getty Images/Staff via Getty Images
    Image attribution tooltip

    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 June 4, 2025
  • Neobank CHime, banking products Chime
    Image attribution tooltip
    Permission granted by Chime
    Image attribution tooltip

    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 June 4, 2025
  • An AI processor on a futuristic printed circuit board Explore the Trendline
    Image attribution tooltip
    da-kuk via Getty Images
    Image attribution tooltip
    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
  • Person stands outside building in front of ATM with things in his hands and plastic bag at his feet, with two people walking by behind.
    Image attribution tooltip
    Niccolo Guasti via Getty Images
    Image attribution tooltip

    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
  • The wellness tourism sector is growing, with hotel guests wanting more wellness-oriented amenities like spas.
    Image attribution tooltip
    Ethan Miller via Getty Images
    Image attribution tooltip

    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
  • Gemini Trust founders the Winklevoss twins listen during President Trump's Digital Asset Summit
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    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
  • Hand of businessman using smart phone with coin icon
    Image attribution tooltip
    Creative stock via Getty Images
    Image attribution tooltip

    Circle files for IPO

    The stablecoin issuer, seeking to go public since 2021, has shut down recent rumors about selling to potential buyers.

    By 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
  • M&A due diligence lawyers legal
    Image attribution tooltip
    ArLawKa AungTun via Getty Images
    Image attribution tooltip

    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
  • Shot of a person typing on a laptop
    Image attribution tooltip
    Sitthiphong via Getty Images
    Image attribution tooltip

    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 May 21, 2025
  • A Fifth Third Bank sign shows "5/3" with the words "Fifth Third Center" and "Bank Branch" below.
    Image attribution tooltip
    Courtesy of Fifth Third Bank
    Image attribution tooltip

    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 May 19, 2025
  • Gavel sitting on cash
    Image attribution tooltip
    Avosb via Getty Images
    Image attribution tooltip

    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
  • Crypto regulation
    Image attribution tooltip
    Leon Neal via Getty Images
    Image attribution tooltip

    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 May 16, 2025
  • Wise money transfer account
    Image attribution tooltip
    Permission granted by Wise
    Image attribution tooltip

    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 May 16, 2025
  • ripple
    Image attribution tooltip
    Jack Taylor via Getty Images
    Image attribution tooltip

    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 May 16, 2025
  • Neobank CHime, banking products Chime
    Image attribution tooltip
    Permission granted by Chime
    Image attribution tooltip

    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 May 14, 2025
  • cards credit GSA fintech Ramp government politics
    Image attribution tooltip
    valiantsin suprunovich via Getty Images
    Image attribution tooltip

    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 May 14, 2025
  • Stock Trading Platform Robinhood Goes Public On The New York Stock Exchange
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    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 May 14, 2025
  • The letters AI on a digital block
    Image attribution tooltip
    BlackJack3D via Getty Images
    Image attribution tooltip

    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 May 14, 2025
  • Marqeta embedded finance Block
    Image attribution tooltip
    innni via Getty Images
    Image attribution tooltip
    Q&A

    Marqeta chief focuses on revenue diversity, execution

    Interim CEO Mike Milotich wants to boost the processor’s non-Block revenue and expand its embedded finance offerings via a new mobile app for customers.

    By Justin Bachman • May 12, 2025
  • ripple
    Image attribution tooltip
    Jack Taylor via Getty Images
    Image attribution tooltip

    Ripple would get $75M back under SEC settlement

    The agreement must get sign-off from a federal judge, among other next steps. A Democratic commissioner at the SEC, however, said the deal would mark a “tremendous disservice” to the law.

    By May 9, 2025
  • alex mashinsky former celsius ceo
    Image attribution tooltip
    The image by Piaras Ó Mídheach/Web Summit via Sportsfile is licensed under CC BY 2.0
    Image attribution tooltip

    Celsius founder gets 12 years in prison

    Alex Mashinsky misrepresented Celsius’ business and financial position to woo customers into “unbanking themselves,” and then manipulated Celsius’ native token to enrich himself, the DOJ said.

    By May 9, 2025
  • coinbase logo with coins stacked in front of it
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Coinbase to buy options exchange Deribit in $2.9B deal

    The transaction – the crypto sphere’s largest of the year – positions Coinbase to boost its international foothold and diversify its trading revenue.

    By May 9, 2025
  • cryptocurrency graphic
    Image attribution tooltip
    Dan Kitwood via Getty Images
    Image attribution tooltip

    Maxine Waters walks out of digital asset hearing

    House Democrats’ walkout blocked the hearing from taking place. They cited concerns over the president’s and his family’s ties to digital asset businesses. 

    By May 7, 2025
  • neon green etoro sign on black background in miami
    Image attribution tooltip
    Aaron Davidson via Getty Images
    Image attribution tooltip

    eToro seeks to raise $500M through IPO

    The investment fintech, targeting a $4 billion valuation, is expected to launch on the Nasdaq index May 14.

    By May 7, 2025
  • The entrance to the Consumer Financial Protection Bureau headquarters is seen, with the bureau's logo on a glass door.
    Image attribution tooltip
    Anna Moneymaker / Staff via Getty Images
    Image attribution tooltip

    CFPB spurns BNPL rule

    Enforcement actions against buy now, pay later players won’t be a priority, with the possible exception of those related to service members or veterans, the bureau said.

    By Lynne Marek , Patrick Cooley • May 7, 2025