FinTech

DraftKings Acquires Railbird to Enter Regulated Prediction Markets, Launch “DraftKings Predictions” App

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DraftKings Acquires Railbird to Enter Regulated Prediction Markets,

DraftKings Inc. (Nasdaq: DKNG) has officially entered the rapidly growing world of regulated prediction markets through its acquisition of Railbird Technologies Inc. and its subsidiary Railbird Exchange, LLC, a federally licensed exchange designated by the Commodity Futures Trading Commission (CFTC). The acquisition marks a major strategic expansion beyond sports betting and daily fantasy, aligning DraftKings … Read more

Capital One and Discover Synergies Power Growth, Lift Card Performance in Q3 2025

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Capital One and Discover Synergies Power Growth,

Capital One’s third-quarter 2025 earnings showcased a transformative period for the banking giant, highlighting both the operational momentum from its Discover acquisition and underlying organic growth across its credit and auto segments. CEO Richard Fairbank called the Discover deal the “dominant driver” of results, but emphasized that Capital One’s legacy businesses continue to deliver top-line … Read more

LendingClub’s LevelUp Checking Drives 7x Account Growth, Boosts Loan Originations 37%

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LendingClub’s LevelUp Checking Drives

LendingClub’s third-quarter 2025 results reveal how its LevelUp Checking product has become a cornerstone of customer acquisition and lending growth. The company reported loan originations up 37% year over year to $2.6 billion — the highest in three years — and total revenues rising 32% to $266 million. Marketplace revenues surged 75% to $108 million, … Read more

Modern Treasury Acquires Beam to Integrate Stablecoin Settlements Into Real-Time Money Movement

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Modern Treasury Acquires Beam to Integrate Stablecoin

In a major development for global finance and payments, Modern Treasury has acquired Beam to unify traditional and blockchain-based payment rails. The integration will combine Modern Treasury’s enterprise-grade infrastructure for money movement with Beam’s stablecoin and fiat orchestration capabilities, enabling seamless real-time payments and liquidity optimization. This acquisition marks a significant leap forward in the … Read more

Allica Bank Acquires Kriya to Enter Embedded Finance Market and Boost SMB Lending

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Allica Bank Acquires Kriya to Enter Embedded Finance Market

Allica Bank, one of the United Kingdom’s fastest-growing challenger banks, has made a decisive move into embedded finance with the acquisition of small and mid-sized business (SMB) lending FinTech Kriya. Announced Wednesday (Oct. 22), the acquisition will enable Allica to integrate Kriya’s PayLater platform and extend flexible working capital options to SMBs — a market … Read more

Fifth Third Bancorp Eyes Embedded Finance Growth Amid Comerica Acquisition and Strategic Expansion

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Fifth Third Bancorp Eyes Embedded Finance Growth

Fifth Third Bancorp is positioning itself for robust growth through its strategic focus on embedded finance and its upcoming acquisition of Comerica. CEO Tim Spence highlighted the bank’s continued expansion, particularly in the Southeast U.S., and the promising outlook for its embedded finance solutions. This comes as the bank reported a 6% increase in loan … Read more

Galileo Expands Cloud Payments Infrastructure Through AWS Partnership

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Galileo Expands Cloud Payments

Galileo Financial Technologies — the banking and payments platform owned by SoFi — announced its entry into the Amazon Web Services (AWS) Partner Network, a strategic move that positions it to deliver embedded financial infrastructure directly through AWS. The collaboration allows FinTechs, banks and enterprise brands already using AWS to integrate Galileo’s payment processing, card … Read more

Upgrade Raises $165 Million, Sets Sights on IPO in 2026

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Upgrade Raises $165 Million

FinTech lender Upgrade is stepping closer to a public market debut. The San Francisco-based company announced a $165 million funding round, led by Neuberger Berman’s NB Alternatives Advisers, valuing the firm at more than $7.3 billion, according to Bloomberg. Founded in 2017 by Renaud Laplanche, the co-founder of LendingClub, Upgrade focuses on affordable credit for … Read more

JPMorgan Chase Explores Global Growth in Europe and Latin America

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JPMorgan Chase

JPMorgan Chase appears ready to widen its global footprint. Speaking Thursday (Oct. 16), CEO Jamie Dimon said the bank is “looking at all the banks over there [in Europe]” and “looking at Latin American banks too.” Dimon didn’t specify whether he meant possible acquisitions, partnerships, or organic expansion, and a company spokesperson declined to elaborate. … Read more

White House Confirms Plan to Dismantle CFPB

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White House Confirms Plan

In a striking policy announcement, White House budget director Russell Vought said the administration intends to shut down the U.S. Consumer Financial Protection Bureau (CFPB)—a decision that could redefine how consumer protection and financial oversight are managed in America. Speaking on The Charlie Kirk Show, Vought claimed that the agency is already being “closed down,” … Read more