Tagged: banking

December 17, 2025 @ 1:19 am By JD Alois  |  

Griffin, a banking-as-a-service platform that focuses on Fintechs and platforms, says it had a banner year, experiencing 5X growth in revenue while processing over £3 billion in payments. Griffin is a regulated bank in the UK that offers a full-stack, API driven platform for embedded… Read More

December 16, 2025 @ 2:58 pm By JD Alois  |  

The American Fintech Council (AFC) has issued a statement in support of the Bank-Fintech Partnership Enhancement Act (HR 6552). The legislation requires the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to study how… Read More

December 14, 2025 @ 4:54 pm By Omar Faridi  |  

Enova International, Inc. (NYSE: ENVA), a financial services company powered by machine learning and analytics, announced it signed a definitive agreement to acquire Grasshopper Bancorp, Inc., and its wholly owned subsidiary Grasshopper Bank N.A., in a cash and stock transaction “valued at approximately $369 million.”… Read More

December 12, 2025 @ 6:24 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has approved five national trust bank charter applications. The approvals are conditional but will allow the entities to operate under federal rules. The entities approved are in the digital asset sector, including First National Digital Currency… Read More

December 9, 2025 @ 12:19 pm By JD Alois  |  

Established bank Fifth Third (NASDAQ:FITB) has selected Brex to improve its digital banking services, including the addition of artificial intelligence (AI). According to a release, the multi-year partnership will incorporate Brex’s API-driven payments infrastructure, and the Fifth Third Commercial Card will become the default commercial… Read More

December 8, 2025 @ 6:02 am By Omar Faridi  |  

Westpac data revealed customers are now spending approximately $6.7 billion annually on subscriptions. And according to Westpac research three in ten (31%) Australians admit that they are actually wasting money on seemingly duplicate or mostly unused services. In a so-called Australian banking first, Westpac clients… Read More

December 7, 2025 @ 5:17 pm By Tony Zerucha  |  

According to the J.D. Power 2025 U.S. Financial Protection Satisfaction Study, 23% of bank customers and 29% of credit card customers have not taken any security measures, such as reviewing their accounts, updating passwords or adding multi-factor authentication to their accounts in the past 90… Read More

December 3, 2025 @ 7:57 am By Omar Faridi  |  

Earlier, it was revealed that nine large European banks – Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit – announced on 25 Sept this year that they had teamed up to launch a MiCAR–compliant stablecoin issuer under the supervision… Read More

December 1, 2025 @ 12:24 am By Omar Faridi  |  

SIX says that it has now strengthened its clearing business with acquisition of Baymarkets AS. According to the update from SIX, the latest acquisition of Baymarkets AS enables them to accelerate product development in clearing technology, reinforcing their existing position as a pan-European provider of… Read More

November 28, 2025 @ 6:44 am By Omar Faridi  |  

Banco Santander México has completed a major breakthrough in the digital transformation of Mexico’s banking sector by becoming the first systemic bank to migrate the entirety of its technology infrastructure to Gravity, its global, cloud-based platform, to enhance customer experience with “faster flows and new… Read More

November 25, 2025 @ 9:25 am By JD Alois  |  

The SitusAMC data breach has banks scrambling to assess the damage. The hack has hit big banks like JP Morgan, Citi, and Morgan Stanley as client data has allegedly been pilfered. Reportedly, the breach was uncovered on November 12th, and the Federal Bureau of Investigation… Read More

November 24, 2025 @ 9:33 am By JD Alois  |  

Atom  Bank, described as the UK’s most trusted bank, is in the final days of a funding round listed on Crowdcube. According to the offering page, Atom Bank has raised £1.3 million from 1576 individual investors as of today. For investors, you are purchasing equity… Read More

November 24, 2025 @ 8:04 am By Omar Faridi  |  

Digital bank Revolut, which is currently claiming more than 65 million users throughout the world, has recently announced the completion of a share sale, valuing the Fintech company at $75 billion. The transaction has reportedly been led by Coatue, Greenoaks, Dragoneer, Fidelity Management and Research… Read More

November 20, 2025 @ 11:17 am By Omar Faridi  |  

Telcoin has secured final regulatory approval from the Nebraska Department of Banking and Finance to operate as the nation’s first chartered Digital Asset Depository Institution (DADI). The approval reportedly marks one of the first times a state has granted a full banking charter specifically designed… Read More

November 19, 2025 @ 1:25 pm By Omar Faridi  |  

Finastra, a global firm focused on financial services software, announced enhancements to its LaserPro document management solution, integrating with two different Uniform Commercial Code (UCC) filing service providers, CSC Lien PerfectSM for Lenders and Wolters Kluwer’s iLien UCC platform. These latest integrations are reportedly intended… Read More

November 19, 2025 @ 12:40 pm By JD Alois  |  

In a stark reversal from the Biden administration, the Office of the Comptroller of the Currency (OCC) has issued a statement that chartered banks may hold crypto. During the Biden years, the government took a distinctly hostile stance toward digital assets and innovation in general…. Read More

November 18, 2025 @ 3:45 pm By Omar Faridi  |  

LevelField Financial, Inc., a U.S. financial services firm aiming to bring together traditional banking and digital asset products in a unified platform, announced that it received conditional approval from the Illinois Department of Financial and Professional Regulation (IDFPR) in order to finalize its acquisition of… Read More

November 18, 2025 @ 10:47 am By Omar Faridi  |  

  Robert Cooke, CEO of 3forge, recently shared some interesting insights with CI. The team at 3forge pointed out that currently, global banks run on billions of lines of legacy code, some even written half a century ago, and nowhere is that inheritance more visible… Read More

November 17, 2025 @ 8:14 am By Omar Faridi  |  

European digital bank N26 announced the appointment of Dr. Andreas Dombret, Byron Haynes and Dr. Daniel Terberger as new members of its Supervisory Board. They were elected at an Extraordinary General Meeting by shareholders, and will join N26’s Supervisory Board with “immediate effect.” Andreas Dombret… Read More

November 14, 2025 @ 12:52 pm By Omar Faridi  |  

Nubank (NYSE: NU), one of the world’s digital financial services platforms, announces the launch of products that aim to enable greater autonomy for customers. The Nu Guaranteed Limit (Nu Limite Garantido) and the Limit Mission (Missão Limite) reinforce Nubank’s positioning as “a partner in the… Read More