All stories tagged banking on VentureGrill.
London-based programmable banking startup Hyperlayer has raised £19.5 million at a £195 million valuation, backing its middleware approach to legacy replacement.
The OCC and CFPB are escalating investigations into account termination policies at major US lenders, signaling a shift in the regulatory climate for the banking sector.
Truist Financial is pivoting its balance sheet by selling a massive consumer loan book to Carlyle while replacing its consumer banking chief, signaling a retreat from riskier retail credit.
Crypto exchange Kraken's parent company, Payward, is set to acquire Lithuania-based Saldo Bank, marking a significant move for a digital asset firm to gain a regulated banking license in Europe and offer traditional financial services.
Credit card and lending fintech Upgrade has formally applied for an industrial loan company charter in Nevada, tapping veteran regulatory leadership to secure direct deposit capabilities.
Federal regulators have hit American Express with a massive fine, signaling a tightening of the screws on anti-money laundering compliance for major financial institutions.
Anchorage Digital's acquisition of Routable signals a strategic move to integrate stablecoin issuance and custody with multi-currency payout distribution, enhancing its institutional digital asset offering.
Modern Treasury and Rain are seeking national trust bank charters from the OCC, navigating federal oversight amid intense legal challenges from community banking trade groups.
Personal finance platform Monarch has acquired digital banking fintech HMBradley, marking a strategic consolidation in the crowded wealth management software space.
Traditional banking giant BNY and Kraken parent Payward are reportedly exploring a wide-ranging partnership bridging digital assets, custody, and market infrastructure.
Valley National Bank's $340 million acquisition of fintech Bluevine highlights the ongoing convergence of regional banking and digital-first credit platforms, bringing $2.1 billion in deposits.
Payment intelligence firm IPID secures $16 million in Series A funding from banking giants Citi and HSBC, signaling a major industry shift toward standardized identity verification in cross-border settlements.
Chicago fintech lender Avant has filed for a national bank charter with the OCC, seeking to eliminate third-party sponsor banks and access lower-cost deposit funding.
European infrastructure provider FintechOS secures $28 million in mixed equity and debt to fund a US expansion, signaling a pivot toward higher-margin enterprise financial services.
New entrants in the U.S. banking sector face a daunting $20 million floor to launch, a stark reflection of the regulatory and capital costs that have stifled competition since 2010.
Coinbase and Moov are building a stablecoin payment bridge for community banks, signaling a strategic push to integrate crypto-native rails into legacy financial institutions ahead of potential legislative clarity.
Block is seeking a national trust bank charter, a move that would reduce reliance on sponsor banks and bring critical crypto custody and settlement functions in-house.
Chime’s $590 million cash acquisition of Stride Bank marks a definitive move toward full-stack banking, signaling the end of the era of simple sponsor-bank reliance for neobanks.
Latin America’s largest bank has secured conditional approval for a US national bank charter, marking a strategic pivot toward capturing the high-net-worth segment in Miami.
The FDIC is considering an industry-led body to certify fintechs, a move that could standardize risk management and lower the compliance burden for bank partnerships.
The Office of the Comptroller of the Currency's conditional bank charter approval for the Trump-linked crypto venture signals a dramatic shift in federal regulatory posture toward digital assets, opening a highly politicized pathway to federal banking rails.
The Federal Deposit Insurance Corp. is working to launch an independent standards committee to certify bank-fintech partnerships, a move that could permanently alter the unit economics of the bank-as-a-service sector.
A recent intelligence assessment highlights a precarious Russian banking sector with up to 10% of corporate loans and 15% of retail loans at major banks likely non-performing, signaling systemic financial risks.