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

UBS, JPMorgan alum Youngwood named next Nasdaq CFO

She replaces Ann Dennison, effective Dec. 1, at a time when the exchange is looking to close its acquisition of software firm Adenza and broaden its focus beyond equities trading.

By Dan Ennis • Aug. 30, 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

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

JPMorgan’s lawsuit against Frank execs on ice through criminal trial

Prioritizing the criminal case against Charlie Javice and Olivier Amar may “hasten settlement [or] obviate the need for this case altogether,” a judge ruled Thursday.

By Gabrielle Saulsbery • Aug. 21, 2023

Fed orders wind-down of FTX-associated Farmington State Bank

The central bank alleged the small Washington state-based lender changed its business plan and started working with digital assets without first gaining regulatory approval.

By Gabrielle Saulsbery • Aug. 18, 2023

Silvergate CEO out as bank continues wind-down

CEO Alan Lane left his role Tuesday, alongside Chief Legal Officer John Bonino. Chief Financial Officer Antonio Martino will follow on Sept. 30.

By Gabrielle Saulsbery • Aug. 17, 2023

Digital-only Ivy beats deposit expectations, Cambridge Savings says

Ivy Bank’s deposit numbers exceeded the bank’s annual goal for 2022 by 64%, according to Cambridge Savings Bank, which launched the digital-only platform in 2021.

By Anna Hrushka • Aug. 17, 2023

Citizens Bank of Edmond launches digital bank for military recruits

The new platform, called Roger, aims to reach entry-level recruits, many of whom enter basic training without bank accounts, CEO Jill Castilla said.

By Anna Hrushka • Aug. 15, 2023

Custodia launches with US dollar deposits, preps crypto custody

The bank, which is engaged in a legal battle with the Fed, said it’s initially serving U.S. business customers only and awaiting final regulatory clearance to launch its bitcoin custody service.

By Anna Hrushka • Aug. 14, 2023

Bittrex settles with SEC for $24M

The bankrupt crypto exchange, its former CEO, and Bittrex’s foreign affiliate paid to settle charges, without admission of guilt, of operating an unregistered national securities exchange.

By Gabrielle Saulsbery • Aug. 11, 2023

New Fed unit to supervise crypto, nonbank partnerships

The central bank clarified that any state bank it supervises must get the regulator’s green light before issuing, holding or transacting in dollar tokens, such as stablecoins, to facilitate payments.

By Anna Hrushka • Aug. 9, 2023

Coinbase asks judge to dismiss SEC suit

Citing a separate ruling involving Ripple, Coinbase's chief legal officer said the SEC “has trampled the strict boundaries on its basic authority."

By Dan Ennis • Aug. 4, 2023

Banks look beyond mobile-platform adoption, aim to boost UX

Curbing dropoff rates and optimizing user experience flow is a higher priority than incorporating as many bells and whistles as possible, executives said.

By Suman Bhattacharyya • Aug. 4, 2023

Figure withdraws bank charter application

The blockchain startup applied for a charter in 2020, then included plans to seek deposit insurance after the Conference of State Bank Supervisors sued.

By Gabrielle Saulsbery • Aug. 2, 2023

State Street’s global head of digital custody is leaving

“Sometimes the want for a little time off turns into a need for a bigger change,” Swen Werner said in a LinkedIn post. Werner is at least the second digital-focused exec to leave State Street this year.

By Dan Ennis • Aug. 2, 2023

[Podcast] Igniting organic growth and driving customer value in banking

This podcast explains how leading banks utilize data to enhance customer understanding and drive organic growth. Discover valuable insights from EY Global's research on consumer preferences and learn from the strategies of Bank of America and Citizens Financial Group.

By Banking Dive's studioID • July 31, 2023

Alternative payment methods – a proven payments imperative

To stave off competition and satisfy customer demand, payment providers need to act now on their alternative payment methods strategy.

July 31, 2023

BNP Paribas may be next to settle WhatsApp probes by SEC, CFTC

The French bank has reached "proposed resolutions" with the regulators. And it disclosed that it set aside €125 million for litigation. But the bank declined to say whether the two moves were related.

By Dan Ennis • July 28, 2023

Wyoming looks to hire stablecoin chief

The role comes with a paycheck $10,000 higher than that of Gov. Mark Gordon, who allowed the stablecoin bill to pass without his signature in March.

By Gabrielle Saulsbery • July 27, 2023

Fintech trade group grows educational arm

The American Fintech Council is partnering with professional services firm FORVIS to offer compliance and training opportunities aimed at improving the fintech ecosystem, AFC CEO Phil Goldfeder said.

By Gabrielle Saulsbery • July 26, 2023

Binance seeks dismissal of CFTC suit

A Monday court document shows Binance's intention to shut down a CFTC suit claiming it violated certain regulations.

By Gabrielle Saulsbery • July 25, 2023

6 ways FedNow may affect businesses’ cash flow

CFOs may need to lean on their banks for guidance to help them understand the implications of the new real-time payments system.

By Suman Bhattacharyya • July 24, 2023

FTX sues Bankman-Fried, former execs for more than $1B

The company accused its former CEO and three ex-executives of misappropriating funds to buy luxury condominiums and make speculative investments and political contributions.

By Gabrielle Saulsbery • July 21, 2023

Clair CEO welcomes on-demand pay regulation

Clair CEO Nico Simko weighed in on whether EWA is a payday loan and how the company offers fee-free wage access.

By James Pothen • July 20, 2023

FedNow goes live for banks, credit unions

The Fed’s long-awaited instant payments system stands to give consumers and businesses a new route for speedier transactions.

By Lynne Marek • July 20, 2023