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.

The card network said it saved would-be victims $350 million in the first year after it combined several crime-fighting units.

The firm's research found there is pent up demand, though political uncertainty complicates that outlook.

The Swedish institution is best known in the U.S. for its buy/now pay later lending. Its New York listing will be a bellwether for the payments technology industry, which is recovering from a post-pandemic slump

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.

Finwise Bancorp believes a new plan to hold more of the fintech loans it originates on its balance sheet will boost profits in 2025.

Prometeo aims to make business-to-business payments and remittances between the U.S. and Latin America easier and cheaper.

The Queens, New York-based community mutual bank held a grand opening ceremony to open a new office space exclusively for its tech employees.

Hackers breached the New York community bank's cybersecurity walls in 2022, drawing regulatory scrutiny and causing its CEO to resign.

While often used to describe a digital asset that hedges against cryptocurrency's volatility, the reality of stablecoins is much more complex.