Consumer #Fintech Chime Releases Survey Revealing How Prepared New Grads Are For Practical Life

https://www.crowdfundinsider.com/2025/05/240620-consumer-fintech-chime-releases-survey-revealing-how-prepared-new-grads-are-for-practical-life/

How modern trade agreements are powering fintech-led flows and digital economy

https://www.firstpost.com/opinion/how-modern-trade-agreements-are-powering-fintech-led-flows-and-digital-economy-13893491.html

I’m very skeptical of this analysis but hear him out:

Why Fintech Can’t Ignore Crypto M&A in 2025

The firms that act now will shape the rules, control the flow and define the user experience of digital finance for the next generation of users.

https://financialit.net/blog/cryptomergers-fintechtrends/why-fintech-cant-ignore-crypto-ma-2025

#Bitcoin Suddenly Braced For $7 Trillion ‘Critical’ Price Tipping Point After Stark BlackRock Warning

https://www.forbes.com/sites/digital-assets/2025/06/01/blackrocks-bitcoin-nightmare-just-got-a-lot-worse-as-price-suddenly-dives/

Catch the latest episode of Crobstacle’s #TheYoungTurksDialogues podcast featuring my conversation with their CEO Anmol Gogia. We talk #DigitalTransformation in banking.

Watch now on YouTube: https://youtu.be/LFy-CzU4Kro

Listen on Spotify: https://tinyurl.com/yck82cda

I’d love to hear your thoughts about this discussion.

Arvest Bank glitch enabled customers to see other customers' data

The incident affected 7,537 people.

https://www.americanbanker.com/news/arvest-bank-glitch-enabled-customers-to-see-others-data

Wells Fargo has decided to exit its industry-leading position in the rail equipment leasing market, agreeing to sell its portfolio of railcars to a new joint venture for $4.4 billion.

https://www.americanbanker.com/news/wells-fargo-to-sell-its-railcar-business-for-4-4-billion

Conduit, Palla raise cross-border capital

The startups, which both offer cross-border payments, each closed on major capital-raising efforts this week.

https://www.paymentsdive.com/news/conduit-palla-raise-cross-border-payments-fundraising-capital/749431/?utm_source=flipboard&utm_content=PaymentsDive%2Fmagazine%2FPayments+Dive

RBC has its eyes on the end of summer with RTO push

The Canadian bank wants its hybrid employees in the office four days a week starting in September, something it’s been laying groundwork for since 2023.

https://www.bankingdive.com/news/rbc-4-days-week-office-jpmorgan-bny-september/749439/

Crypto kidnappings on the rise as criminals resort to "wrench attacks,” which combine cybertheft with old-fashioned thuggery.

https://www.cbsnews.com/news/crypto-wrench-attack-bitcoin-kidnapping-nyc/

BancFirst to buy Oklahoma lender hit with DOJ redlining order

BancFirst seeks to buy American Bank of Oklahoma, which agreed to pay $1.15 million in August 2023 to settle a Justice Department investigation for failing to monitor and address fair lending risks.

https://www.bankingdive.com/news/bancfirst-buy-american-bank-of-oklahoma-doj-redlining-tulsa-massacre/749017/

All Eyez on [Chi]me (ft. Mike Perito)

Chime is believed to have been valued at ~$25 billion during their last private capital raise in 2021, about the same as the market capitalization of Fifth Third Bank and $10 billion higher than SoFi today

https://www.travilliannext.com/tech-innovation/all-eyez-on-chime-ft-mike-perito/

Mind-blowing futuristic technology in China baffling Australians: 'Living in 2050'

Pay with your palm!

https://au.finance.yahoo.com/news/mind-blowing-futuristic-technology-in-china-baffling-australians-living-in-2050-200001659.html

How banks are getting their data ready for
#OpenBanking

Despite the likely death of 1033, many banks are looking to expand their open banking capabilities in anticipation of future competition and consumer demand.

https://www.americanbanker.com/news/how-banks-are-getting-their-data-ready-for-open-banking

Remittance tax draws fintech pushback

The budget bill proposal moving through Congress would levy a tax on cross-border money transfers. That has prompted “strong concern” from one fintech organization.

https://www.paymentsdive.com/news/budget-bill-remittance-tax-fintech-pushback/749271/

UBS to sell hedge fund business to Cantor Fitzgerald

The Swiss lender’s O’Connor unit, with $11 billion in assets under management, will return to the purview of Bill Ferri, a UBS veteran and O’Connor founder who’s now at Cantor Fitzgerald.

https://www.bankingdive.com/news/ubs-selling-hedge-fund-business-oconnor-cantor-fitzgerald/749294/

PayPal’s venture arm taps new leader

The digital payments company has promoted Ian Cox Moya, who rejoined the company in 2022, to head the unit that invests in startups.

https://www.paymentsdive.com/news/paypal-venture-arm-new-leader-management/749257/

Banking on a single cloud platform? It's time to rethink the risk

As banking customers' expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant. But in the rush to modernize, many banks are overlooking a growing risk: cloud concentration

https://www.americanbanker.com/opinion/banking-on-a-single-cloud-platform-its-time-to-rethink-the-risk

Maryland passes EWA law

The state’s governor signed an earned wage access law over the objections of some consumer groups, including AARP

https://www.paymentsdive.com/news/maryland-passes-ewa-law/749305/

Seacoast bets big on The Villages in $710.8M deal

The acquisitive bank will buy VBI, which touts a more than 50% deposit share in Florida’s largest retirement community, in a transaction set to close in the fourth quarter.

https://www.bankingdive.com/news/seacoast-vbi-villages-florida-bank-acquisition-710-million/749436/