FinTech Futures: top five news stories of the week - 28 November 2025. Our pick of the top fintech news stories this week includes Green Dot, Klarna, ABN Amro, Revolut, and more. Tyler Pathe, Reporter, FinTech Futures November 28, 2025 Here's our pick of five of the top news stories from the world of fintech this week, featuring ABN Amro, Revolut, The Bank of London, Klarna, and more. Green Dot agrees $1.1bn breakup deal. Green Dot Corporation has agreed to be acquired by Smith Ventures and CommerceOne Financial Corporation in deals totalling approximately $825 million to $1.1 billion. Smith Ventures will acquire Green Dot's non-bank fintech operations for $690 million in cash, while CommerceOne will acquire Green Dot Bank, including related assets and operations. The transactions will occur concurrently and remain subject to shareholder and regulatory approvals. Green Dot says the deals are expected to close in Q2 2026. Both purchasing parties are connected through fintech entrepreneur Bill Smith, who founded Smith Ventures in 2017, before going on to co-create CommerceOne Bank the following year. ABN Amro to cut 5,200 jobs in strategic overhaul through 2028. ABN Amro has announced plans to reduce its workforce by 5,200 full-time equivalents (FTEs) by 2028, deploying capital where it "generates the highest returns", according to a statement from the Dutch lender. ABN Amro has already eliminated over 1,000 positions during 2025, with approximately half of the total 5,200 planned reductions expected to "take place through attrition". The restructuring forms part of ABN Amro's 2026 to 2028 strategic framework, which targets annual income exceeding €10 billion and a cost-to-income ratio below 55% by 2028. Revolut tops $75bn valuation ahead of market expansion. UK challenger Revolut has completed a secondary share sale at a renewed company valuation of $75 billion. The 67% valuation increase, up from $45 billion in 2024, comes as Revolut prepares to enter new markets in Asia and South America. Coatue, Greenoaks, Dragoneer, and Fidelity Management and Research Company co-led the transaction, with support from Andreessen Horowitz, Franklin Templeton, T Rowe Price Associates, and Nvidia's venture capital unit, NVentures. Nik Storonsky, CEO and founder of Revolut, says the latest round of funding will be used to extend operations to 100 million customers across 100 continues. "We are preparing to launch full operations in major new economies, including India and Mexico, and have an ambitious target of 30 new markets by 2030," Storonsky posted to LinkedIn. The Bank of London CEO christopher Horne steps down. Christopher Horne has stepped down as CEO of The Bank of London (TBOL) after less than a year in the role. He will be succeeded by chief financial officer Tony Bullman, who joined the UK clearing bank from UBS in March. Confirming the recent leadership change, a TBOL spokesperson told FinTech Futures, "Having led The Bank of London through a period of stabilisation following the change of ownership, Chris Horne has transitioned from bank CEO to non-executive director of the Holding Company Board, focusing on the Group's expansion in Europe and the US, drawing on his 15 years in M&A advisory." The new CEO, Bullman, will "lead the next phase of execution under the new ownership and strategy", the spokesperson says. "The bank has made good progress across its strategic and operational priorities in recent months, and these leadership changes reflect that progress." Klarna enters crypto with launch of KlarnaUSD stablecoin. Klarna has introduced its first stablecoin, KlarnaUSD, signalling the Swedish lending giant's entry into the cryptocurrency space. KlarnaUSD is built on Open Issuance, a stablecoin infrastructure platform created by Bridge, which launched last month. The digital currency is scheduled to debut on Tempo's mainnet in 2026, making Klarna the first financial institution to introduce a stablecoin on the new layer-1 blockchain. Currently, KlarnaUSD is live on Tempo's testnet but remains unavailable to the public, allowing for advanced testing and prototyping. Reporter, FinTech Futures Tyler Pathe is a financial reporter, moderator and investigator with a specific interest in financial technology, banking and the financial industry's latest innovations.

The Bank of London is pleased to announce the appointment of Christopher Horne as Chief Executive Officer (CEO), marking an important step in its transformational journey under new ownership led by Mangrove Capital Partners. This appointment, which is subject to regulatory approval, highlights the bank’s commitment to innovation, governance, and long-term growth.With over 25 years of leadership experience in investment banking, Christopher is renowned for steering complex transitions and delivering strategic growth. As former CEO of Credit Suisse’s UK subsidiaries, he successfully managed $2 billion in revenues while fostering robust regulatory partnerships. His leadership is set to guide The Bank of London into its next phase of growth and transformation.Christopher Horne commented: “I am honoured to lead The Bank of London at such a pivotal time. This is a unique opportunity to redefine what a bank can be — resilient, innovative, and aligned with the evolving needs of our clients and stakeholders. Together with the talented team at TBOL, I look forward to building a future that inspires trust and delivers lasting value.”Catherine Brown, Chair of The Bank of London’s UK Board, said: “Christopher’s appointment reflects our commitment to building a leadership team that embodies excellence and vision

The Bank of London raised £42 million ($55 million) in a funding round last month, led by existing investor Mangrove Capital Partners.