Fintech
The latest fintech news for banking professionals.
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Retrieved from OCC.
Innovation may slow amid bank-fintech partnership scrutiny: analysts
Additional guardrails, however, are necessary as business connections grow more complex and as fintechs tackle more compliance responsibilities, a regulator said.
By Suman Bhattacharyya • Sept. 11, 2024 -
Courtesy of FIS
FIS draws fintech startups into accelerator
Fidelity National Information Services this week continued an annual program backing young fintechs that are striving to disrupt the financial services landscape.
By Lynne Marek • Sept. 11, 2024 -
Explore the Trendline➔
Permission granted by O’Malley Hansen Communications
TrendlineTop 5 stories from Banking Dive
Everything old is new again. One year after Citi’s reorganization, progress comes in “fits and starts.” Meanwhile, a contentious proposed rule is generating “voluminous” feedback after 14 months.
By Banking Dive staff -
Permission granted by Ansa
Ansa debuts in-store digital wallet capabilities
Ansa last week launched a software development kit, which can be patched onto the code of a brand’s mobile app. “The pain’s on our side to make sure all their systems talk,” co-founder Sophia Goldberg said.
By Gabrielle Saulsbery • Sept. 11, 2024 -
Viorika via Getty Images
Airwallex eyes embedded payments in globalization push
Headcount increases in Brazil and Mexico are among the “immediate bets” the company is making, executive GM Ravi Adusumilli said.
By Grace Noto • Sept. 10, 2024 -
Permission granted by SpringFour
Debt recovery software firm acquires SpringFour
Under the acquisition by C&R Software, social impact fintech SpringFour plans to continue innovating and bringing new solutions and products to the collections and debt recovery market.
By Rajashree Chakravarty • Sept. 4, 2024 -
Just_Super via Getty Images
Custodia cuts 25% of its staff amid Fed lawsuit: report
The digital asset-focused bank, chartered in Wyoming, is putting its resources toward an ongoing lawsuit with the Federal Reserve, which denied the lender a master account last year.
By Gabrielle Saulsbery • Aug. 30, 2024 -
Sarah Silbiger via Getty Images
Fed’s Waller questions faster cross-border payments ties
There could be more fraud and money laundering if countries move too quickly to link their faster payments systems, the central bank governor said Wednesday at a conference.
By Lynne Marek • Aug. 29, 2024 -
Courtesy of Greenlight
Q&AGreenlight CEO talks partnerships, forthcoming features
Going beyond its banking scope, the fintech that caters to parents and kids sees safety as an area of continued opportunity, said CEO and co-founder Tim Sheehan.
By Caitlin Mullen • Aug. 28, 2024 -
Permission granted by Unit Finance
Unit launches business continuity tool for bank partners of fintechs that fail
If a fintech powered by one of Unit’s partner banks fails, the bank can immediately connect to end users, with no service disruption, CEO Itai Damti said.
By Gabrielle Saulsbery • Aug. 28, 2024 -
Permission granted by MoneyGram
MoneyGram, Adyen add chief technology officers
The payments companies are bolstering their tech leadership as big changes roil the industry and stoke competition.
By Lynne Marek • Aug. 28, 2024 -
Permission granted by Aeropay
Aeropay targets pay-by-bank evolution in US
The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.
By Lynne Marek • Aug. 27, 2024 -
Thicha Satapitanon via Getty Images
Sponsored by Giesecke+Devrient (G+D)The power of issuance-as-a-service in the phygital era
Discover how Issuance-as-a-Service is revolutionizing the card issuance process, enabling banks to seamlessly integrate physical and digital services.
By Mehdi Heidari is the head of product management digital issuance at Giesecke + Devrient (G+D). For more information, please visit www.gi-de.com/en/. • Aug. 26, 2024 -
heyengel via Getty Images
Lettuce Financial gets $15M in fresh funding
The tax and accounting fintech has had a busy year announcing two funding rounds, launching a major product and inking several partnerships to serve the solopreneur community.
By Gabrielle Saulsbery • Aug. 21, 2024 -
Permission granted by Money 20/20
Q&AMarqeta CEO says his platform is no ‘single-trick pony’
Simon Khalaf cites the need for banks to change their behavior to focus on customer service. He also says upcoming underwriting tech could put the banking sector “on steroids.”
By Rajashree Chakravarty • Aug. 21, 2024 -
Courtesy of Revolut Press Kit
Revolut valued at $45B
The British fintech has completed a secondary share sale with new and existing investors to provide liquidity to employees.
By Gabrielle Saulsbery • Aug. 16, 2024 -
Courtesy of Klarna
Klarna jumps into banking business
The Swedish buy now, pay later company will let consumers use savings accounts to make payments, receive refunds and earn cash rewards from some retailers.
By Lynne Marek • Aug. 15, 2024 -
Win McNamee via Getty Images
Fintechs ramp up lobbying over earned wage access, crypto, AI
Chime, PayPal and Block, for example, spent more on lobbying in the first half of 2024 than for the same span last year, OpenSecrets reported.
By Suman Bhattacharyya • Aug. 14, 2024 -
alfexe via Getty Images
Tally sunsets over failure to raise capital
After nine years of operation, "we have made the difficult and sad decision to shut down Tally,” due to lack of funds, founder and CEO Jason Brown said in a LinkedIn post Monday.
By Rajashree Chakravarty • Aug. 14, 2024 -
Drew Angerer via Getty Images
How embedded payments are changing the way we pay
As payments technology advances, more companies are embedding the payments process in websites and apps. Here’s a primer on how this trend is advancing and changing the payments arena.
By Patrick Cooley • Aug. 14, 2024 -
Lynne Marek/Banking Dive
FedNow to add more fraud tools, Fed official says
The Federal Reserve is still seeking to allay financial institutions' concerns that faster payments allowed by the new instant payments system could lead to faster fraud.
By Lynne Marek • Aug. 12, 2024 -
Courtesy of Funding Circle UK
TrackerA running list of fintech layoffs in 2024
Thousands of fintech employees have been let go since the start of the year. Many firms cited cost cuts.
Aug. 9, 2024 -
Leon Neal / Staff via Getty Images
FTX to pay $12.7B to fraud victims
An order by a New York judge resolves a lawsuit filed by the Commodity Futures Trading Commission in late 2022 and permanently bans FTX from trading digital assets.
By Gabrielle Saulsbery • Aug. 9, 2024 -
Chip Somodevilla via Getty Images
Ripple to pay $125M penalty in XRP case against SEC
The fine was not nearly the $2 billion the SEC sought. The judge in the case, though, issued an injunction requiring Ripple to register if it intends to sell securities in the future.
By Dan Ennis • Aug. 8, 2024 -
Courtesy of Totem
Totem, a Native American-focused fintech, shuts down
In a LinkedIn post, Totem’s CEO didn’t provide details on what led to the startup’s demise, but suggested investors wanted to see progress more quickly from the fintech.
By Caitlin Mullen • Aug. 7, 2024 -
Permission granted by Cross River Bank
Cross River names 3 new board members to bolster growth
The board additions come more than a year after the FDIC issued a consent order over Cross River's “unsafe and unsound” practices related to fair lending laws and regulations.
By Rajashree Chakravarty • Aug. 7, 2024
