Melinda Lucy (formerly Huspen) covers financial technology for American Banker and is based in New York, NY. Previously, she was a business reporting intern with Digital Insurance via the Dow Jones News Fund. She is a graduate of Fordham University with a major in communications/journalism and a minor in business.
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Fintechs grew four times faster than incumbent banks to generate 4% of last year's total global financial services revenue.
June 1 -
The global card network is working with cross-border fintechs like PingPong to help business customers use Visa to pay suppliers who don't accept credit cards.
May 29 -
The digital bank made its SoFiUSD stablecoin available to all members on Wednesday and plans to launch tokenized deposits in the near future.
May 28 -
The crypto exchange, which closed its original direct deposit service in late 2024, has brought it back for users to set up automated digital asset investing.
May 26 -
The business banking fintech, which recently received conditional approval for a de novo bank charter, now has a $5.2 billion valuation.
May 21 -
The White House issued an executive order Tuesday requesting that the Federal Reserve review access to payment accounts for fintechs and digital asset firms.
May 20 -
Upon receiving a conditional U.S. charter approval, 25-year-old CEO Ferdinand Dabitz is assembling a team of industry experts to build a new kind of bank.
May 20 -
Select ChatGPT users can now connect their bank accounts to the AI-powered chatbot for personal money management advice based on their financial history.
May 18 -
The 33 companies that made it to this year's Best Fintechs to Work For list are actively preserving remote work options and non-salary benefit packages.
May 18 -
The company says its mission-driven culture, family-supporting benefits and emphasis on flexibility are key factors.
May 18 -
Parker Group unexpectedly ceased operating last week, then filed for Chapter 7 bankruptcy a few days later as sponsor banks and customers were left scrambling.
May 12 -
The newly opened bank founded by big tech executives reached the deposit milestone within its first quarter of operations, according to a recent call report.
May 6 -
The payments company said payment volume increased, but net income decreased compared to 2025.
May 5 -
The company is officially releasing a digital asset product that it first announced back in October.
May 4 -
The president's son has seemingly cut ties with the digital asset fintech ALT5 Sigma, whose shares lost 90% of their value after purchasing the tokens.
April 30 -
The digital bank and lender did not increase its full-year outlook in anticipation of an interest rate freeze.
April 29 -
The investment firm's Alternatives division comprised a majority of the online lender's $60 million Series C funding round.
April 28 -
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
April 28 -
James filed a pair of lawsuits against Coinbase and Gemini arguing that they violated New York's sports gambling laws.
April 22 -
The credit startup is seeking a limited-purpose charter from federal regulators through the Competitive Equality in Banking Act's credit card bank carveout.
April 21
