April 16, 2025

fintech

Crypto

Justice Department shuts down its cryptocurrency team

Endeavor Moore Media – stock.ado The U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team, retrenching its approach to crypto. The Justice Department will move away from going after crypto cases it believes should be handled by regulatory agencies, Deputy Attorney General Todd Blanche said in a memo released Monday night.  “The Department

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Banking

Pathward Recognized for Banking as a Service Innovation in 2025 FinTech Breakthrough Awards Program

Pathward has been named “Best Banking as a Service Solution Provider” in the 9th annual FinTech Breakthrough Awards program. Through its fintech partnerships, Pathward offers various payments solutions through retailers and other consumer-facing businesses. Prestigious annual awards program honors outstanding financial technology products and companies around the world SIOUX FALLS, S.D., April 02, 2025–(BUSINESS WIRE)–Pathward

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Finance

Fulcrum Lending CEO Maxwell Wu Sees the Future of Multifamily Finance as a Partnership between Community Banks, Technology and Private Credit.

Partner Insights spoke to Maxwell Wu, Co-founder and CEO at Fulcrum Lending based in New York City about his firm’s unique take on private credit, technology, and financial trends in the multifamily space. Before launching Fulcrum, Wu led the spinout of a technology group from Greystone, serving as the chief underwriter while leading the team

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Banking

A Wake-Up Call For Fintechs And Banking

Charlie Javice, founder of Frank, exits federal court in New York, US, on Friday, March 28, 2025. … More Javice was found guilty of defrauding JPMorgan Chase & Co. in its $175 million acquisition of her student-finance startup, Frank, following a six-week trial. Photographer: Christian Monterrosa/Bloomberg © 2025 Bloomberg Finance LP OBSERVATIONS FROM THE FINTECH

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Banking

Robinhood unveils plans for new banking products

Photographer: Gabby Jones/Bloomberg The investment fintech Robinhood is expanding further into the financial services space with an announcement of several new products for the company’s Gold members.  Robinhood Banking, a new digital banking platform with both checking and savings accounts, was announced by the California-based trading app provider during a Robinhood Gold keynote event on

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Banking

The great banking shake-up: Will digital kill the branch, or is hybrid the future?

When was the last time you visited a bank branch? Chances are that you will get different answers from Indians. If you are young and tech-savvy, most of your banking requirements are met through digital banking and you have hardly felt the need to visit a bank branch. If you are a senior citizen or in

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Banking

Business banking fintech Mercury, bank partner Evolve split

Mercury, a fintech that offers banking to businesses, has ended its relationship with its long-time partner Evolve Bank & Trust. Mercury will migrate its customers over to its other sponsor banks, Choice and Column.  The move comes a few weeks after another Evolve partner, Dave, shifted its partnership with Evolve to Coastal Community Bank, and

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Banking

Bespin Global expands open banking offerings via partnership

Bespin Global, an international cloud management and consulting firm for banks, is seeking to help U.S. banks build their open banking tech stack through a partnership with London-based Ozone API. The move comes as U.S. banks work to implement the open banking rule that was finalized by the Consumer Financial Protection Bureau last year. The

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