Fintech
Latest news, analysis, and updates in fintech.

Sony Stablecoin Bank Clears U.S. Hurdle With $40M Bet
Sony Bank won conditional OCC approval for a $40M U.S. trust bank, but its stablecoin can't launch until final approvals arrive.

Banks Circle as PayPal Stablecoin PYUSD Hunts Scale
PYUSD is tiny beside Tether and USDC, but PayPal's Polygon push turns bank-backed OpenUSD into a direct settlement fight.

Fed Squeezes TS Banking Group Over Weak Bank Capital
The Fed is limiting TS Banking Group payouts until its parent firms shore up two community banks with $796.8M in assets.

$10B Fight Pulls CFPB Credit Card Late Fees Into View
The CFPB is probing credit card late fees again, reviving a $10B bank revenue fight and a possible path back to an $8 cap.

500 Wall Street Ties Put Ethereum Institutional in Demand
Ethereum Institutional says 500 ties show Wall Street wants a neutral Ethereum guide before committing deeper to crypto.

Nandan Nilekani Drops GP Seat in Fundamentum's $200M Bet
Nandan Nilekani is leaving Fundamentum's GP role as the firm raises a $200M Fund III and tests its brand beyond his name.

43% Walk Away as BNPL Basket Size Battle Moves Upstream
BNPL has moved from checkout to product pages, and 43% of shoppers walk when it’s missing. Retailers now sell affordability earlier.

Credit Union Deposit Growth Smacks into Bank Card Habit
Credit unions have member trust, but national banks keep winning the card swipe. That wallet gap is costing deposits, data and daily engagement.

85% of Financial Firms Pour More Cash Into AI Budgets
Financial firms are turning AI from pilots into capital plans, with 85% set to raise budgets for productivity, risk, and competitive edge.

Nium Snaps Up Cypher as Crypto Payments Get Serious
Nium is buying Cypher to push crypto wallets, stablecoin settlement, and card issuing into regulated cross-border payment rails.

2% Stake Ignites United Bancorporation of Alabama Fight
A 2% stake has dragged United Bancorporation into a public activist fight over buybacks, expenses and board urgency.

Legal Trap Falls as SEC Lets UBS Crisis Plan Move Forward
SEC staff won't recommend action if FINMA orders a UBS securities exchange, easing a key legal snag in its crisis plan.