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News of Note: July 25, 2025

Blog, Business and Economy, Collaborations and Partnerships, Compliance and Regulation, Leadership, Payments, Technology

July 25, 2025

News of Note: July 25, 2025

Contributor:

Lynnette Caballes-Cooke

News of Note for the past week:

C-Suite Changes

Old National named Tim Burke as its president and and chief operating officer to succeed Mark Sander. Previously, Burke oversaw commercial banking in 12 markets at KeyBank.

M&A

Pinnacle Financial Partners and Synovus Financial plan to combine and create a regional bank focused on the fastest-growing markets in the Southeast.
https://www.synovus.com/about-us/news/2025/2025-07-24-pinnacle-financial-partners-and-synovus-to-combine

Partnerships

PNC Bank and Coinbase have partnered to develop a solution that will allow the bank’s clients to buy, hold and sell cryptocurrencies
PagBrasil and Verifone are bringing Brazil’s popular real-time payments system Pix to the US
Credit card startup Imprint is launching a co-branded card with eCommerce platform Rakuten
Global commerce platform WEX and energy firm BP partnered to launch a fleet card and rewards program
Cloud-based payments firm Alacriti has launched a partnership with Citizens Business Bank to offer instant payments capabilities via the Orbipay Payments Hub
Samsung is bringing installment payments to its digital wallet in collaboration with Splitit

Government Regulations

US:

President Trump signs the GENIUS Act which will provide additional regulatory oversight to crypto/stablecoin for financial institutions

Other Headlines

Banking giant J.P. Morgan Chase is reportedly considering lending against its customers’ cryptocurrency holdings
https://cryptorank.io/news/feed/93eb2-jpmorgan-chase-considering-allowing-clients-to-borrow-against-their-crypto-assets-report
OpenAI’s CEO and co-founder Sam Altman reports they didn’t expect banks to take to AI so soon but that Financial institutions have surprisingly been early adopters
https://www.bankingdive.com/news/open-ai-sam-altman-didnt-expect-banks-adopt-ai-so-soon
Coinbase has launched nano BTC and ETH perpetual futures for US traders under CFTC regulation
B2B payments company Mondu has launched an instant account-to-account (A2A) payment solution for B2B eCommerce called Pay Now
Square is now allowing some sellers to accept Lightning Network-powered bitcoin payments from customers
Regions Bank unveils mobile app enhancements along with more innovations on the way

Sep 22, 2026

Higher Interest Rates Won’t Stop Payments… But They Will Change the Mix

The recent U.S. interest rate hike impacts consumer spending behaviors and payment preferences. While consumers remain resilient, spending becomes more selective, emphasizing value and cost efficiency. Merchants demand better payment solutions, focusing on fraud management and technology integration, indicating a significant shift in the payments landscape amidst economic changes.
Sep 10, 2026

Chime’s $590 Million Acquisition of Stride Bank Signals a New Chapter for Fintech

Chime is acquiring Stride Bank for $590 million, aiming to transform from a fintech relying on partner banks into owning a nationally chartered bank subsidiary. This move reflects broader fintech trends toward vertical integration, enhancing Chime’s control over banking operations, reducing costs, and expanding lending opportunities, while remaining below regulatory thresholds.
Aug 20, 2026

News of Note: Summer 2026

The summer of 2026 witnessed significant advancements in payment technology, marked by the introduction of Swift’s cross-border framework and generative AI agents for autonomous transactions. Leadership changes spurred strategic planning for upcoming IPOs, while mergers and acquisitions shaped the industry. The focus shifted to real-time operations and regulatory compliance in a highly integrated financial ecosystem.
Mar 9, 2026

Private Equity in Payments: Catalyst for Growth or a Constraint in Disguise?

Private equity is transforming the payments industry by funding modernization and driving operational rigor. While PE can accelerate growth and improve execution, it also poses risks such as leverage constraints and decision distortions. A successful partnership requires a clear operating strategy focused on client outcomes, emphasizing the importance of trust and operational excellence.