Airwallex raises $330 million to expand into US, Europe
The payments fintech reported an $8 billion valuation as it aims to establish a second global headquarters in Silicon Valley and expand into Europe and the U.K.
Statement by FDIC Acting Chairman Travis Hill at the December 2025 Meeting of the Financial Stability Oversight Council
STATEMENT | DECEMBER 11, 2025 Statement by FDIC Acting Chairman Travis Hill at the December 2025 Meeting of the Financial Stability Oversight Council The FDIC remains hard at work to improve its supervisory and regulatory approach across an array of issues, while still continuing to fulfill our core mission of insuring deposits, promoting the safety […]
High-cost lender Enova to buy digital-only Grasshopper Bank
Enova International, a nonbank lender in Chicago, plans to gain scale by using Grasshopper’s national bank charter. The deal already faces skepticism from critics of Enova’s high-cost lending model.
BNPL growing as charge offs and late fees decline: CFPB
A Consumer Financial Protection Bureau report on Pay in 4 buy now, pay later loans offered validation for an industry that has faced criticism for expanding into everyday spending, such as food delivery.
Business-focused fintech Mercury makes consumer banking push
The firm’s consumer account, which offers a 3.5% yield on savings, could appeal to the founders of startups that it already serves.
‘Fake heiress’ targeted Banc of California, FBI says
Mary Carole McDonnell allegedly posed as a McDonnell-Douglas heiress to secure loans. The FBI believes she is currently hiding in Dubai.
How OceanFirst uses AI to investigate crime, analyze bonds
The bank has been on a multiyear journey to deploy artificial intelligence, starting with a massive data cleanup project, chief information officer Brian Schaeffer says.
Nubank is not a bank, despite its name — and that’s a problem
The Brazilian fintech is on the hunt for an acquisition since new rules approved in November forbid the use of “bank” in a brand unless the company holds a banking license, which Nubank does not.
Revolut takes a swing at travel giants with new premium card
Called Titan, it adds perks and high-end offers to lure corporate clients. Payment experts say it faces challenges in battling incumbents such as American Express.
Here’s what is really behind all these stablecoin ‘risk’ reports
Recent weeks have seen a flurry of stablecoin risk reports from international finance institutions. Noelle Acheson deduces what’s really going on here.