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 Gabrielle Saulsbery • June 4, 2025

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 Rajashree Chakravarty • June 4, 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

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

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

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

Circle files for IPO

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

By Rajashree Chakravarty • 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

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

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 Rajashree Chakravarty • May 21, 2025

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 Caitlin Mullen • May 19, 2025

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

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 Gabrielle Saulsbery • May 16, 2025

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 Rajashree Chakravarty • May 16, 2025

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 Dan Ennis • May 16, 2025

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 Rajashree Chakravarty • May 14, 2025

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 Rajashree Chakravarty • May 14, 2025

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 Gabrielle Saulsbery • May 14, 2025

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 Caitlin Mullen • May 14, 2025

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 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 Dan Ennis • May 9, 2025

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 Gabrielle Saulsbery • May 9, 2025

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 Dan Ennis • May 9, 2025

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 Rajashree Chakravarty • May 7, 2025

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 Gabrielle Saulsbery • May 7, 2025

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