OpenAI, Plaid to Bring Tailored Financial Guidance to Masses
OpenAI is partnering with Plaid to give ChatGPT read‑only access to users’ bank data, enabling personalized financial advice such as specific credit‑card payoff recommendations. Previously, the chatbot could only offer generic tips. Over 200 million users have already turned to ChatGPT for budgeting and investment queries. Plaid’s CEO says the goal is greater financial freedom, with future enhancements expected beyond basic account data.
BLIK Explores Joining European Payments Interoperability Coalition
Poland’s instant‑payment platform BLIK is in talks to join a European payments interoperability coalition that already links Bancomat, Bizum and MB Way. If approved, BLIK users in Poland and Slovakia would gain direct access to the cross‑border network. The move aims...
ChatGPT Now Wants Access to Your Bank Account so It Can Tell You to Stop Ordering Takeout
OpenAI has introduced a personal‑finance feature for ChatGPT, letting U.S. Pro subscribers link bank accounts via Plaid for read‑only access and receive tailored spending analysis using the GPT‑5.5 Thinking model. The tool categorizes transactions, flags overspending and suggested concrete savings...
CME and NYSE Owner Push U.S. Regulators to Crack Down on Hyperliquid
CME Group and Intercontinental Exchange are urging the CFTC and U.S. lawmakers to bring Hyperliquid under federal oversight, citing risks of market manipulation and sanctions evasion in its largely offshore, lightly regulated environment. They warn that Hyperliquid’s growing crypto and...
Hong Kong Rolls Out First Stablecoin Licenses to Dodge Chaos and Irrelevance
Hong Kong's securities regulator has issued the first wave of stablecoin licenses, outlining a sandbox‑driven, narrow‑scope framework that balances strict oversight with the need for speed. The move seeks to sidestep the twin risks of financial chaos from lax rules...
OpenAI Launches ChatGPT for Personal Finance, Will Let You Connect Bank Accounts
OpenAI has rolled out a preview of personal‑finance tools for ChatGPT Pro subscribers in the United States, allowing users to link accounts through Plaid and view dashboards of spending, subscriptions, and portfolio performance. The feature supports connections to more than 12,000...
Why OSFI’s New Bank Licence Pilot Project Should only Be the Beginning
Canada’s Office of the Superintendent of Financial Institutions (OSFI) will launch a pilot in June to streamline bank‑licence applications, cutting the first phase to four weeks and the total timeline to 18 months. The reform targets fintechs and credit unions...
Equipifi Raises $34 Million to Build Flexible Payments Infrastructure
Embedded‑BNPL platform equipifi announced a $34 million Series B round, bringing its total capital to $49 million. The funding, led by Left Lane and joined by existing backers and new strategic partners SWBC and the Bankers Helping Bankers Fund, will accelerate its push...
AI Financial Advice Gap: Why Consumers Need More Help
Finder’s 2025 survey shows 40% of Britons have asked AI tools like ChatGPT or Gemini for personal finance advice, with 1 in 6 seeking investing tips and 1 in 7 looking for digital‑asset guidance. Ortec Finance warns that these AI...
The Future of International Money Transfers
International money transfers are undergoing a rapid transformation as real‑time domestic payment rails and digital assets replace legacy correspondent‑bank networks. Fintechs like Wise pre‑fund liquidity to settle cross‑border payments in seconds, while stablecoins such as USDC and USDT enable sub‑cent...
Eye on Acquiring: Finix Adds an Unattended POS Terminal; Deluxe Checks in at Dollar Bank
Finix Payments unveiled an Android‑based unattended POS terminal aimed at self‑service kiosks in retail and hospitality, featuring universal payment acceptance including dipped and contactless options. The device runs the Finix Payment App on a familiar touchscreen interface, targeting businesses that...
How Stablecoins Are Crashing the Agentic Commerce Party
Worldwide Stablecoin Payment Network (WSPN) unveiled W Agent, an AI‑driven skill that lets autonomous agents discover merchants, place orders and settle transactions entirely in stablecoins. The service layers on W Checkout’s order‑and‑payment hub, handling accounting and receipts while keeping the actual funds...
DriveWealth Supports Emerging Products Alongside TradFi
René Kim, former UBS and Charles Schwab executive, joined DriveWealth as senior vice president of product delivery, overseeing the end‑to‑end product lifecycle. DriveWealth provides a brokerage‑as‑a‑service platform that powers digital wallets, broker‑dealers and consumer brands with tools such as fractional...
Owls Nest Partners Sells Entire $29.8M Stake in nCino, Highlighting Pressure on Cloud Banking SaaS
Owls Nest Partners IA, LLC divested its entire 1,585,623‑share position in nCino, valued at roughly $29.8 million, according to a May 14 SEC filing. The exit, which erased an $40.7 million quarter‑end loss, signals growing investor caution toward vertical SaaS models in banking.
Solayer Rolls Out Visa‑Compatible Physical Card for Stablecoin Spending
Solayer introduced the Solayer Pay Physical Card, a Visa‑compatible debit card that lets users spend stablecoins worldwide. Existing users receive the card for free, while new users pay a $20 annual activation fee, signaling the first large‑scale rollout of a...
The Fight Against Fraud Revs Up
U.S. consumers are losing an estimated $119 billion each year to payment scams, a problem highlighted at Nacha’s recent conference. The House Financial Services Committee passed legislation aimed at protecting elderly victims and boosting enforcement. Simultaneously, Nacha is rolling out a...
PhotonPay Completes Its First Live Agentic Payment Together with Mastercard
PhotonPay, a next‑generation financial operating system, completed its first live AI‑driven payment with Mastercard in Hong Kong. In the demo an AI agent used a PhotonPay tokenized card to autonomously book a hoppa ride and settle the transaction in real time....
Anthropic Raises The Stakes For Digital Wealth Management Platform Vendors
Anthropic has unveiled agent templates for finance functions and announced a $1.5 billion joint venture with major Wall Street firms, alongside a partnership with FIS to distribute its Claude model across the financial‑services sector. The FIS tie‑up grants Anthropic engineers deep...
Clicx Prepares for Thai Virtual Bank Debut
Clicx Bank Plc, a joint venture of Krungthai Bank, AIS and PTT Oil & Retail, received its virtual‑bank licence from the Bank of Thailand on May 14 and plans to launch services next month, becoming the country’s first digital‑only bank. The...
Why Are Huge Debit Card Issuers Still Paying Visa to Route Payments?
Bank of America, Chase and Wells Fargo control roughly a third of U.S. debit volume—$1.425 trillion in 2024—and earn about 49 basis points in interchange fees. New Durbin‑cap proposals and pending Supreme Court rulings threaten to cut that revenue to as low...
Mega Integrates MegaPay with Binance
Kyrgyz telecom operator Mega announced that its mobile payment platform MegaPay is now integrated with Binance, the leading cryptocurrency exchange. The integration enables Kyrgyzstan‑based Binance users to top up their exchange balances directly through MegaPay, creating a seamless fiat‑to‑crypto on‑ramp....
Bullish to Acquire UK Payments Firm Equiniti in $4.2 B Deal
Bullish (BLSH) announced a $4.2 billion acquisition of UK payments and transfer‑agent specialist Equiniti, combining $2.35 billion of newly issued shares with $1.85 billion of assumed debt. The deal creates an end‑to‑end tokenization platform that could redefine how public‑company equity is issued and...
Ripple and Silbert Lead Surge of Startups in Post‑Crypto Collapse Payments
Ripple CEO Brad Garlinghouse and investor Barry Silbert are spearheading a wave of startups that aim to replace legacy correspondent banking with blockchain‑based infrastructure. The push follows the 2022‑23 crypto‑intermediary collapse and targets a projected $250 trillion annual cross‑border flow by...
IDenfy Brings Real-Time ID Verification to RATO Bank’s Mobile App
iDenfy has integrated its AI‑driven identity verification and AML screening into RATO Bank’s mobile app, allowing new customers to complete full KYC in a single, real‑time flow. The solution verifies government IDs, performs facial recognition and checks global sanctions lists,...
STC Bahrain Enters Digital Partnership with MENA Industrial Bank
STC Bahrain has signed a digital partnership with MENA Industrial Bank to design, implement, test and support a scalable private‑cloud platform that meets Bahrain’s data‑residency, high‑availability and cybersecurity regulations. The cloud infrastructure provides disaster‑recovery capabilities and defense‑in‑depth security, giving MIB...
Taurus Secures MiFID II License to Provide Regulated Tokenization Infrastructure for 40+ Global Banks
Digital‑asset infrastructure firm Taurus SA announced that its Cyprus subsidiary, Taurus (Europe) Ltd, has been granted a MiFID II investment‑firm license by the Cyprus Securities and Exchange Commission. The approval makes Taurus the first pure institutional token‑infrastructure provider to secure EU‑wide...
VIDEO: GoTyme Bank: New Name, R100m Staff Deal, Big Ambitions
GoTyme Bank, formerly TymeBank, unveiled a new brand and announced ambitious growth goals, aiming for 210 million global customers through its parent Tyme Group, which already serves 21 million. The South African digital bank became the continent’s first stand‑alone digital bank to...
Banks Discover AI’s Best Trick Is Boring
Banks are shifting AI focus from front‑end chatbots to back‑office core systems, as highlighted by PYMNTS Intelligence’s May Enterprise AI Benchmark Report. Financial institutions are operationalizing machine‑learning in compliance, underwriting and fraud detection, where data is structured and ROI is...
Startup Nsave Is Bringing International Banking Access to Syrians Shut Out of the Financial System
nsave, a UK‑based offshore banking platform, announced the launch of international financial services for Syrians, offering inbound transfers and foreign‑currency accounts in USD, EUR and GBP. The rollout follows the recent lifting of sanctions on Syria, enabling residents to hedge...
BlackRock Urges OCC to Drop 20% Cap on Tokenized Reserve Assets
BlackRock, the world’s largest asset manager, is lobbying the U.S. Office of the Comptroller of the Currency to scrap a proposed 20% ceiling on tokenized reserve assets. The firm says the limit would stifle expansion of its $2.6 bn BUIDL tokenized‑reserve...
ADI Foundation and Settlemint Deploy $30.9 B ADGM Tokenization Rail on ADI Chain
ADI Foundation and Settlemint announced the launch of an ADGM‑compliant tokenization rail on the ADI Chain, enabling the issuance, trading and servicing of roughly $30.9 billion in real‑world assets. The platform uses the ERC‑3643 security‑token standard and aims to close institutional...
Ant International Links Sustainability Metrics to Executive Pay in 2025 Shift
Ant International announced that its 2025 sustainability report will tie ESG outcomes to executive compensation, aligning pay with climate and inclusion goals. The move covers a network of 2 billion user accounts, 150 million merchants and 1.6 million SMEs, signaling a new era...
Revolut Cleared to Launch Full‑service Wealth Platform
#Revolut primed for wealth management push after FCA approval: After securing a series of permissions from the Financial Conduct Authority (FCA), challenger bank @Revolut is set to expand its investment services in the UK. It will allow Revolut to offer more...
ChatGPT Becomes Your Personal Finance Advisor, Replacing Mint
💸 ChatGPT just became your new financial advisor. @OpenAI launched personal finance tools letting Pro users link bank accounts, track spending, and plan for the future — powered by Plaid across 12,000+ institutions. Mint is dead. Long live ChatGPT. 🤖📊 https://t.co/NJwqwaRxRG
Visa Rolls Out AI Suite to Cut 35% Surge in Global Payment Disputes
Visa unveiled a six‑tool AI suite to streamline dispute resolution after processing 106 million cases in 2025—a 35% jump since 2019. The new services target banks, merchants and acquirers, promising faster decisions and lower fraud‑related costs.
Half of US Consumers Now Rely on AI for Finance.
Half of US consumers now use AI to manage their finances. Newrez reported 10% a year ago. A mortgage lender shipped an AI agent inside ChatGPT this week. Your CX team is still optimizing the landing page. Who owns the channel that just...
Adyen and SAP Unveil SAP Unified Payment, Embedding Global Payments Into ERP
Adyen and SAP announced SAP Unified Payment, an embedded payment platform that integrates Adyen’s global network directly into SAP Commerce Cloud and S/4HANA. Powered by AI trained on more than $1 trillion of transaction data, the solution promises real‑time settlement, automated...
Stablecoins Shift From Payments to Agentic Economy
Jeremy Allaire (@jerallaire) is the Chairman, CEO, and co-founder of @circle, the issuer of USDC — a stablecoin with nearly $80 billion in circulation and a core piece of the broader stablecoin market, which has grown from zero to more...
Saudi FinTech Stitch Raises $25 Million to Replace Fragmented Bank Cores
Saudi‑based fintech Stitch announced a $25 million Series A round led by Andreessen Horowitz to scale its cloud‑native operating system for banks. The platform replaces fragmented legacy cores with a modular stack covering lending, cards, payments and ledgers, and can be adopted...
UAE Gives In‑Principle Approval to Omla Community Bank, First AI‑Centric Digital Bank in Gulf
The Central Bank of the UAE has granted in‑principle approval for Omla Community Bank, an AI‑driven digital banking venture backed by Mint Gateway and Alternative Venture Capital. The project, headquartered in Umm Al Quwain, aims to roll out AI‑enabled services...
Fiserv Launches agentOS with OpenAI and AWS to Automate Banking Workflows
Fiserv announced the launch of agentOS, an agentic AI operating system built with OpenAI and Amazon Web Services, to let banks deploy, manage and scale AI agents. Six financial institutions are co‑developing the platform, with two already running beta agents,...
Klarna Gets a Jolt From Its Payment Card
Klarna’s multi‑use Klarna Card topped 5 million users in Q1, sparking a surge in membership fees and average revenue per user. Cardholders spend three times more and generate roughly four‑times higher revenue after six months compared with non‑card users. The boost...
FDIC Clears Way for Stellantis ILC Charter
The Federal Deposit Insurance Corp. approved Stellantis Bank USA’s deposit‑insurance application, clearing the final hurdle for the automaker’s Industrial Loan Company (ILC) charter. The new bank will focus on captive auto‑financing, primarily buying retail installment contracts from Stellantis dealers, and...
Venmo’s First Redesign Since 2009 Means No More Spying on Your Friends’ Payments
Venmo announced its first full redesign since launching in 2009, introducing a more personalized feed and streamlined navigation. The update emphasizes privacy, showing users privacy settings during onboarding and defaulting transaction visibility to “between friends.” It also curates brand recommendations,...
Amazon Rolls Out New Business Cards, Its First with U.S. Bank
Amazon has partnered with U.S. Bank to launch two Mastercard‑based business cards, ending its eight‑year exclusive relationship with American Express for business products. The Prime Business Card and Amazon Business Card integrate real‑time spend visibility, unlimited virtual cards, cashback rewards and...
Why Growth Can Become a Security Risk for Fintechs
Fintechs in Africa chasing rapid growth face heightened cybersecurity risks, says Kora CISO Olaoluwa Eweje. Expansion increases visibility to attackers, introduces new regional fraud patterns, and expands the attack surface through more customers and third‑party integrations. Scaling teams also raise...
Pepperstone Deploys Fireblocks’ Full Digital‑Asset Stack to Launch Institutional Crypto Exchange
Pepperstone, a leading forex and CFD broker, has rolled out Fireblocks' complete digital‑asset infrastructure—including MPC custody, compliance APIs and DeFi execution—to power its new spot crypto exchange for Australian customers. The partnership underscores the shift of regulated finance firms toward...
Moneyline Teams Up with NatWest Payit to Launch Flexible Open‑Banking Loan Repayments
Moneyline, the UK nonprofit lender, has partnered with NatWest Group’s Payit platform to roll out Variable Recurring Payments (VRP) for its borrowers. The open‑banking solution lets users adjust loan installments in real time, with pilot data showing higher flexibility and...
SAP Taulia Launches AI Working Capital Tools
SAP Taulia announced a suite of AI‑powered working capital tools at SAP Sapphire, including the Working Capital Agent, Intelligent Terms Negotiations, and Extended Flow with Payables. The Agent links Taulia’s financing products to existing AI platforms like SAP Joule, offering...
Groundfloor Adds Access to Private Credit to Investment Platform
Groundfloor, originally a real‑estate‑focused private securities platform, has launched a private‑credit offering that targets a 10% annual return with quarterly payouts over a 45‑month term. The consumer‑credit tranche sold out in just two weeks, underscoring robust demand for higher‑yield, non‑public...