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Startup founder Charlie Javice was sentenced to prison in September for defrauding JPMorgan.
The legal battle around her trial, however, is still going on, as Bloomberg News reported Wednesday (Dec. 31).
At issue are the legal fees the banking giant is required to pay under a 2023 court order. JPMorgan says Javice’s “unconscionable” $74 million in legal fees included more than $5...
Trump Media and Technology Group Corp. is pushing deeper into digital assets, announcing plans to issue a new cryptocurrency that would be distributed directly to its shareholders — another signal of how closely the Trump business ecosystem is tying itself to the fast-moving crypto market as regulatory pressure eases in Washington.
According to Bloomberg, the company said Wednesday (...
Mergers and acquisitions (M...
A data breach at media company Condé Nast reportedly affects millions of its users.
That’s according to a report Tuesday (Dec. 30) by Ars Technica, itself a Condé Nast publication. It says that a hacker named Lovely claims to have breached a Condé Nast user database and released a list of more than 2.3 million user records.
The materials in question include things like names, email and...
Thousands of European banking sector workers could face AI-related job losses by 2030.
Artificial intelligence (AI) and branch closures will drive this trend over the next five years and lead to a 10% workforce reduction across the industry, the Financial Times (FT) reported Wednesday (Dec. 31), citing a forecast from Morgan Stanley.
The report adds that the cuts are happening as banks...
American regulators collected 61% less in money laundering/sanction breach fines in 2025.
That’s according to a report Wednesday (Dec. 31) by the Financial Times (FT), which ties this decline to a more lenient approach to financial regulation under the Trump administration.
Total fines levied against companies for what the FT calls “dirty money” offenses came to a little less than $1.7...
Interest in prediction markets has reportedly fueled an increase in FinTech venture funding.
Financial technology companies worldwide raised $55.94 billion from venture groups during 2025, Bloomberg News reported Wednesday (Dec. 31), citing PitchBook data. That’s up 25% from the $44.75 billion the sector earned in 2024.
Prediction markets Kalshi and Polymarket made up $3.71 billion of...
If you work in banking, payments, FinTech or the digital economy, you’ve felt it all year: The back office is no longer backstage. Payments, identity, onboarding and fraud were once dismissed as “plumbing.” Now they’re the user experience, the margin story and the brand promise, all at once.
That’s why PYMNTS spent 2025 doing what we do more actively than anyone in the space: putting...
For much of the past decade, “living paycheck to paycheck” has functioned as shorthand for low wages. PYMNTS Intelligence’s research this year suggests something more complicated: a broadening spectrum of financial fragility that increasingly reaches into the middle—and, at times, higher-income—tiers.
Across the monthly 2025 installments of New Reality Check: The Paycheck-to-Paycheck...
Picture the last time a payment “worked.” You probably don’t remember it. That’s the point: the best transactions vanish into the background.
Now picture the last time a payment didn’t work. You remember that one. Because failure is rarely invisible when money is involved.
In 2025, that contrast powered the most candid conversations in PYMNTS’ “What’s Next in Payments” series. Month...