Nu Holdings Posts $5 B Q1 Revenue, Misses Consensus as Credit Provisions Rise
Nu Holdings Ltd. posted record first‑quarter revenue of roughly $5 billion, a 53% year‑over‑year increase, but fell short of analyst forecasts by $91.9 million. The fintech also delivered a historic $871 million net profit and pushed its efficiency ratio below 18%, even as credit‑loss provisions rose on a higher‑growth loan book.
Analysts Say PayPal Stock Still a Bargain After 86% Slide
Financial analysts contend that PayPal shares are dramatically undervalued, trading at just nine times trailing twelve‑month sales despite an 86% drop from its peak. The case rests on a $464 billion Q4 payment volume, a modest earnings rebound and a new...
FPC Says Clear Dispute Rules Pave Way for Trusted Instant Payments
The U.S. Faster Payments Council (FPC) released a new report outlining 11 guiding principles for fraud dispute resolution in instant payments. The guidance stresses shared responsibility among ecosystem participants, structured dispute workflows, and ISO 20022‑aligned data exchange. Industry data show 16%...
Revolut Adds Employee Incentives to Fuel Business Banking Push
Revolut is offering every employee a £1,000 ($1,330) bonus for referring new business customers as it accelerates its business‑banking expansion. CEO Nik Storonsky outlined plans to launch B2B credit products in 2026 and roll out business banking in new markets...
Asset Tokenization: Why JPMorgan’s Move to Ethereum Is a Death Sentence for Traditional Clearing Systems
JPMorgan has begun issuing tokenized versions of real‑world assets on the public Ethereum network, positioning the bank at the forefront of blockchain‑based finance. The initiative targets a market of roughly $867 trillion in securities and derivatives that currently rely on legacy...
AI in Finance and Banking, May 15, 2026
OpenAI rolled out a preview of personal‑finance tools for ChatGPT Pro users in the United States, partnering with Plaid to connect over 12,000 banks and brokerages. Anthropic introduced ten finance‑focused AI agents that are already being piloted by firms such as...
Europe Vies to Close Stablecoin Gap
France’s finance minister Roland Lescure urged European banks to speed up euro‑stablecoin development, warning the region trails the United States in tokenized finance. A bank consortium called Qivalis, featuring ING, UniCredit and BNP Paribas, plans a MiCA‑compliant euro stablecoin launch in the...
Emeth Value Capital Takes $5.9 Million Stake in Shift4 Payments, Boosting Large‑Cap Fintech Exposure
Emeth Value Capital, LLC filed a 13F showing a new $5.91 million purchase of 107,016 Shift4 Payments shares, a stake worth $4.68 million at quarter‑end and representing 7.09% of its reportable assets. The move highlights growing investor interest in the under‑performing yet...
Augustus Bank Gets Conditional OCC Charter, Pioneering AI‑Only Banking
Augustus Bank, the AI‑driven venture founded by Peter Thiel protégé Ferdinand Dabitz, secured conditional approval from the Office of the Comptroller of the Currency, becoming the youngest CEO to earn a federal charter in a century. The bank plans to run...
South Korea to Issue Tokenized Securities Rules in July, Enabling Fractional Investments
South Korea's Financial Services Commission announced it will publish detailed tokenized securities issuance rules in July, allowing fractional securities backed by pooled assets of the same type. The move aims to foster fintech innovation while safeguarding investors as the country...
Companies Are Rethinking the Contact Center to Deliver Outcomes — and Empathy — at Scale
Financial‑service firms are overhauling contact centers with AI to blend efficiency and empathy. EXL, partnering with benefits administrator Inspira, uses its Customer 360 Insights platform to analyze historical interactions and surface underlying intent, aiming for frictionless journeys and first‑call resolution. Real‑time...
Mexico Moves Away From Cash and Into Digital Payments
Mexico’s president announced that FEMSA’s NetPay unit will install an integrated digital payment system at roughly 600 gas stations and convenience stores, linking card, QR and CoDi options directly to store management platforms. The rollout follows a broader government push...
The Rumor of Cash's Death Is Greatly Exaggerated
The Federal Reserve’s latest Diary of Consumer Payment Choice shows cash remains a staple, with 76% of Americans still carrying it in 2025 and averaging six cash transactions per month. While cash use has slipped from 14 payments per month...
Compliance Officers Worry AI Demand Is Outpacing Regulators
Compliance officers warned at the FINRA annual conference that the rapid rise of generative AI in investment advice is outpacing regulator guidance. Robinhood’s chief legal officer Dan Gallagher said customers using AI tools could breach SEC rules such as Regulation...
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...
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...