Fintech
Fintech
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Here's what bankers should know about Trump's recent crypto reserve moves, Evolve Bank's continued fallout, artificial intelligence and other technology news.
March 31 -
Javice sold her student-aid startup, Frank, to JPMorgan in 2021. Two years later, the bank accused her of creating fake profiles to boost the number of customers.
March 28 -
Fintech firm Mercury, which provides banking services to businesses, says it now has 200,000 customers after raising $300 million in C-round funding.
March 28 -
The trading app provider has debuted wealth management services, and will be rolling out banking and new AI-powered investment tools later in the year.
March 27 -
The event Wednesday marked the first time Teng has spoken in the U.S. capital since becoming CEO.
March 26 -
The law would have expanded the state's 12% interest rate cap in a manner that would have effectively banned fintech lending in the state.
March 25 -
The fintech, which specializes in low or no fee banking and early access to paychecks, is now offering three-month installment loans.
March 24 -
The direct-to-consumer earned wage access provider is allowing consumers access to their paycheck two days before payday. It's hoping it will draw in more customers.
March 21 -
In an interview with American Banker, Belshe, who leads the world's largest independent cryptocurrency custodian, talked about regulatory changes under the new administration and his hopes for a digital asset market structure.
March 21 -
The small-business lender bought a Chicago community bank in what some experts say will be the first of many such deals.
March 20 -
Bakkt is losing contracts with the bank and Webull just months after the company's acquisition talks with Donald Trump's Trump Media fell through.
March 19 -
The Geneva-based core banking provider is hiring U.S. tech talent to build AI-powered solutions for banks.
March 18 -
Coastal Financial's decision to report a material weakness won't impact previously disclosed bottom-line results, though it creates bad optics for the Everett-based company.
March 18 -
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It's been rare for a fintech to win regulatory approval to become a bank, with none receiving approval under President Joe Biden and only a few successfully obtaining charters before that.
March 17 -
The firm's research found there is pent up demand, though political uncertainty complicates that outlook.
March 17 -
Mercury said it simply outgrew the relationship. Evolve said it's kicking high-risk end users out of its program and as a consequence some fintechs are going elsewhere.
March 14 -
Finwise Bancorp believes a new plan to hold more of the fintech loans it originates on its balance sheet will boost profits in 2025.
March 14 -
The latest development in the Synapse saga provides a few new clues but leaves many questions unanswered about missing customer funds.
March 12 -
Through its collaboration with Ozone API, Bespin Global's U.S. branch will offer its bank clients an "end-to-end" open banking solution.
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