Leaked financials: Stripe doubles free cash flow to $2.2B in 2024 (+28% revenue to $5.1B); Chime grows revenues by 31% to $1.7B. #Stripe #Chime #FinTech #TechNews #FinancialGrowth #Revenue #CashFlow #BusinessNews #TechIndustry
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Robinhood to launch checking & savings accounts in 2025 for Gold subscribers, offering a private banking-like experience. #Robinhood #FinTech #Banking #TechNews #SavingsAccounts #PrivateBanking #GoldSubscribers #Finance #Investing #TechInnovation
Oh look, Wall Street finally discovered stablecoins! 
Fidelity's joining the crypto party with their own digital dollar token. When the suits start copying the crypto kids, you know things are getting interesting. At least their "stability" comes with actual Treasury bonds this time! 
#FinTech #Crypto
https://news.slashdot.org/story/25/03/26/2321223/fidelity-prepares-to-unveil-its-own-stablecoin
news.slashdot.orgFidelity Prepares To Unveil Its Own Stablecoin - SlashdotAccording to the Financial Times, Fidelity Investments is in advanced stages of developing its own stablecoin. Binance reports: The Boston-based financial services giant plans for the token to serve as a form of digital cash, according to the report, which cites two people close to the matter. The ...
Fintechs egg on ‘willingness to challenge norms,’ Bolt president says
Justin Grooms expects fintechs to keep pushing the payments industry forward with more competition for legacy players.
https://www.paymentsdive.com/news/bolt-ceo-fintechs-money-transmitter-license-bnpl/743422/
Payments Dive · Fintechs egg on ‘willingness to challenge norms,’ Bolt president says
Banks bash Illinois trend-setting law on card swipe fees
Banks and credit unions are trying to kill a new Illinois law banning interchange fees, with a court filing, as multiple states seek to emulate the legislation.
Payments Dive · Banks bash Illinois trend-setting law on card swipe fees
Virginia Governor Youngkin vetoes prohibitive fintech lending bill
https://www.americanbanker.com/news/virginia-governor-youngkin-vetoes-fintech-lending-bill
American Banker · Virginia governor vetoes prohibitive fintech lending bill
TD close to offloading $9B mortgage portfolio
The sale, set to close at the end of the month, reflects the Canadian lender’s efforts to simplify its portfolio as part of a strategic review, CEO Raymond Chun said Tuesday.
Banking Dive · TD close to offloading $9B mortgage portfolio
Swift's line in the sand for a new payment message
One way or another, all international Swift payments will follow the ISO 20022 standard by the Nov. 22 deadline, according to the financial messaging provider.
https://www.americanbanker.com/payments/news/swift-reaffirms-iso-20022-november-deadline
American Banker · Swift's line in the sand for a new payment message
Cadence Bank to close M&A deal ahead of schedule
Cadence said it secured all regulatory approvals for its planned acquisition of FCB Financial just 61 days after announcing the deal
https://www.americanbanker.com/news/cadence-bank-to-close-m-a-deal-ahead-of-schedule
American Banker · Cadence Bank to close M&A deal ahead of schedule
Current leverage-based capital requirements are outdated, counterproductive and urgently need reform to better serve U.S. taxpayers, capital markets, consumers, businesses and the economy, writes Kevin Fromer, of the Financial Services Forum.
American Banker · Banks need relief from restrictive leverage capital requirements
Custodia, Vantage release first bank-issued #Stablecoin on #Ethereum
The banks together issued Avit tokens for a customer on the Ethereum mainnet using the ERC-20 standard
American Banker · Custodia, Vantage release first bank-issued stablecoin on Ethereum
Fed hands Tennessee bank a cease-and-desist order
The central bank identified weaknesses in Frankewing Bancshares’ operations, including its inability to provide financial and managerial support to the bank.
Banking Dive · Fed hands Tennessee bank a cease-and-desist order
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Paychex reports strong Q3 earnings, surpassing expectations - published 26 Mar 2025 #management #Tech #FinTech #Grafa #DeFi
https://grafa.com/news/fintech-paychex-reports-strong-q3-earnings--surpassing-expectations-406888?utm_source=us_news_en&utm_medium=mastodon&utm_campaign=406888
Grafa · Paychex reports strong Q3 earnings, surpassing expectations
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@ErickaSimone @nenon in #fintech it’s pick your poison due to the type of people the financial and tech sector attracts…
Revolut has had its own challenges in terms of treating staff and customers, which has kept me from using it:
en.wikipedia.orgRevolut - Wikipedia
GameStop's board approves a plan to buy #Bitcoin using corporate cash! No set limit on how much they'll purchase, marking a bold move into crypto. Will this redefine their future? 
#CryptoNews #Bitcoin #GameStop #CorporateStrategy #Blockchain #DigitalAssets #FinTech
In a plot twist worthy of a financial soap opera, a new stablecoin enters the chat! USD1 promises to be as steady as a rock in the crypto ocean, backed by good ol' US Treasuries. They say it could "solidify dollar dominance for 100 years" - talk about playing the long game! 
#crypto #fintech
https://slashdot.org/story/25/03/25/2045243/trumps-crypto-venture-introduces-a-stabelcoin
slashdot.orgTrump's Crypto Venture Introduces a Stabelcoin - SlashdotWorld Liberty Financial, a crypto venture backed by Donald Trump and his family, has launched a U.S. dollar-pegged stablecoin called USD1. The token is backed by U.S. Treasuries and cash equivalents and will soon go live on the Ethereum and Binance Smart Chain networks. CNBC reports: The developmen...