Citi sells SMB loan platform to Foro

As part of the deal, Citi becomes a minority shareholder in Charlotte, North Carolina-based Foro, which counts former Bank of America CEO Hugh McColl Jr. as one of its founding investors.

By Anna Hrushka • Sept. 13, 2023

Connecticut fintech launches small business credit card

Owners Bank, a fintech born out of 201-year-old Liberty Bank, is looking to solve funding challenges facing small businesses.

By Gabrielle Saulsbery • Sept. 13, 2023

Explore the Trendline➔

Artificial intelligence

Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

By Banking Dive staff

Stax CEO zeroes in on embedded payments

Stax is honing its strategy to build on embedded payments as the company pushes its payment facilitation offering, CEO Paulette Rowe said.

By Caitlin Mullen • Sept. 12, 2023

5 takeaways from Michael Barr’s views on CBDCs, stablecoins and more

The Federal Reserve’s vice chair for supervision spoke about “responsible innovation” Friday at a Philadelphia Fed fintech conference.

By Suman Bhattacharyya • Sept. 11, 2023

Goldman’s strategy retreat leaves GreenSky in limbo

The installment-lending fintech, which Goldman is looking to sell, faces an uncertain future as the investment bank distances itself from an ambitious retail strategy.

By Anna Hrushka • Sept. 7, 2023

JPMorgan Chase revs up payments lab hiring

The bank is venturing further into fintech and payments for new product development at its lab in Greece.

By Tatiana Walk-Morris • Sept. 7, 2023

Finotta uses gamification to increase banks’ user engagement

The embedded fintech says its personalized financial guidance platform has helped boost user engagement on banks’ mobile apps.

By Rajashree Chakravarty • Sept. 6, 2023

Growth in fintech sector spurs specialty college programs

Worcester Polytechnic Institute launched both a fintech undergraduate and graduate degree program last week. The prestigious technology school is far from the first.

By Gabrielle Saulsbery • Sept. 6, 2023

Upgrade sets sights on auto loans as legacy banks pull back

The neobank is venturing into a sector many traditional firms have been exiting amid mounting concerns about credit quality.

By Anna Hrushka • Sept. 1, 2023

‘We’re in the 1999 of the internet era’: a16z’s Julie Yoo on fintech’s potential

Yoo, who leads health tech investment at venture-capital firm Andreessen Horowitz, outlined her fintech investment thesis and why the healthcare industry is at an inflection point for adoption.

By Rebecca Pifer • Aug. 31, 2023

Goldman, regional bank warnings show the Fed is now playing offense

The central bank has requested action from Citizens, Fifth Third and M&T regarding capital, liquidity, technology and compliance, according to Bloomberg. Goldman’s fintech partnerships are reportedly under scrutiny, too.

By Dan Ennis • Aug. 31, 2023

Bluevine plans IPO while sticking to small business lending

The fintech, which hit 80% year-over-year revenue growth, is planning to go public within 18 to 24 months, Bluevine CEO Eyal Lifshitz said.

By Rajashree Chakravarty • Aug. 30, 2023

JPMorgan boosts its stake in Brazilian neobank C6 to 46%

C6 has seen its client base grow from 8 million to 25 million since June 2021, when JPMorgan bought its initial slice. C6’s credit portfolio has more than quadrupled in that time, the neobank said.

By Gabrielle Saulsbery • Aug. 30, 2023

Stash appoints Dave veteran as CTO, eyeing new growth phase

Chien-Liang Chou spent nearly three years at Dave, overseeing the fintech’s effort to go public in 2022 as the team tripled.

By Suman Bhattacharyya • Aug. 30, 2023

Elavon, Ingenico team on new payments tool

U.S. Bank’s payments software unit is locking arms with the French hardware-maker to take on a raft of competitors targeting small businesses.

By Lynne Marek • Aug. 30, 2023

AI fintech Stampli opens Austin office

The California company extended its presence to a third U.S. city and aims to expand its employee headcount by 40%.

By James Pothen • Aug. 29, 2023

Massachusetts’ top court rules against Robinhood

The Supreme Judiciary Court’s 5-0 ruling upholds the state’s fiduciary rule, holding broker-dealers like Robinhood to fiduciary duties of care and loyalty, similar to investment advisers.

By Gabrielle Saulsbery • Aug. 28, 2023

PayNearMe strikes partnership with Dollar General

The deal increases PayNearMe's retailer footprint by one-third, bringing the ability to pay bills in cash to millions more Americans.

By Gabrielle Saulsbery • Aug. 23, 2023

CFPB sues Curo Group subsidiary over consumer loan practices

The fintech lender’s subsidiary, Heights Finance, reaped hundreds of millions of dollars in loan costs and fees through “illegal loan-churning practices," the agency said.

By Rajashree Chakravarty • Aug. 23, 2023

Pinwheel partners with Plaid for direct deposit switching services

Pinwheel said San Francisco-based Plaid would refer its customers requiring direct deposit switching to the New York-based startup.

By Rajashree Chakravarty • Aug. 18, 2023

Jack Henry & Associates trims workforce

The bank payment and technology services provider has offered an early retirement program that it expects to pare 160 employees.

By Lynne Marek • Aug. 17, 2023

Rightfoot raises $15M to help banks convert customers

Banks experience a 40% dropoff when they require customers to share bank account information online, according to Rightfoot, provider of no-login, consumer permissioned financial data product Connect Magic.

By Gabrielle Saulsbery • Aug. 16, 2023

Wildfire’s AI-powered tool helps banks monetize e-commerce transactions

Wildfire’s RevenueEngine works with banks directly to power their rewards and loyalty programs to help drive consumer retention and new user acquisition, CEO Jordan Glazier said.

By Rajashree Chakravarty • Aug. 16, 2023

Zelle parent hires new CEO

Early Warning Services gets a new executive in the midst of rolling out a bank-backed digital wallet, while also coming under scrutiny from lawmakers and regulators.

By James Pothen • Aug. 15, 2023

PayPal names Intuit exec as CEO

The digital payments pioneer tapped Intuit’s Alex Chriss to lead the company, starting next month, as Dan Schulman heads for an exit.

By Lynne Marek • Aug. 14, 2023