Inclusive lending fintech Stratyfy raises $10M

The funding will go toward a product that helps lenders detect unfair bias, Stratyfy co-founder and CEO Laura Kornhauser said.

By Rajashree Chakravarty • April 19, 2023

Goldman confirms it’s exploring sale of fintech GreenSky

The comments lend more structure to CEO David Solomon’s assertion, at Goldman’s investor day in February, that the bank was “considering strategic alternatives” for its consumer business.

By Anna Hrushka • April 19, 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

Stablecoin regulation draft bill published ahead of hearing

The measure would require stablecoin issuers to have reserves that back the digital assets on an “at least one-to-one basis.”

By Gabrielle Saulsbery • April 18, 2023

Goldman, Apple launch savings account with 4.15% APY

Work on the account was announced in October as part of a series of offerings, including a buy now, pay later platform, meant to generate a greater share of the tech company’s revenue from services.

By Rajashree Chakravarty • April 18, 2023

FTX has recovered more than $7.3B during bankruptcy

FTX’s chief bankruptcy lawyer said in a Wednesday court hearing that the exchange is considering a reboot, but that it's just one of many options.

By Gabrielle Saulsbery • April 14, 2023

CFPB director wants some payments firms labeled systemically important

The bureau's chief, Rohit Chopra, urged users who maintain balances on their digital wallets and money-transfer apps to move that uninsured money to a bank account.

By Anna Hrushka • April 12, 2023

Warren, AOC question Circle, BlockFi over SVB ties

The lawmakers wrote 14 depositors, asking whether “mutual backscratching arrangements” encouraged firms to keep large uninsured deposits at Silicon Valley Bank.

By Anna Hrushka • April 11, 2023

Ledge seizes on SVB crisis with multi-bank offering

The Israeli finance tech startup decided to expedite the rollout of its new treasury management tool after the collapse of Silicon Valley Bank.

By Alexei Alexis • April 11, 2023

TD launches web accessibility tool

Key features include adjustable font size, dyslexia-friendly fonts, dark mode, monochrome mode and bionic reading, where the first few letters of the word are made bold.

By Rajashree Chakravarty • April 7, 2023

Neobank Aspiration to cut more than 180 jobs

The layoffs, part of a companywide restructuring, span multiple departments at the climate-conscious neobank and include the firm’s chief of staff and chief administrative officer.

By Anna Hrushka • April 6, 2023

Acorns targets next generation of customers in GoHenry deal

A longer-term investing horizon, coupled with calls for increasing financial literacy among teens, make the youth market an attractive target for the investing fintech.

By Anna Hrushka • April 5, 2023

Cash App founder stabbed dead, police say

No arrests have been made in the Tuesday morning death of Bob Lee, the chief product officer at crypto firm MobileCoin, police said.

By Gabrielle Saulsbery • April 5, 2023

Three Arrows, CoinFlex founders launch OPNX crypto claims trading platform

The founders said the 20 million crypto bankruptcy claimants worldwide who have to wait years for their funds “deserve better.”

By Gabrielle Saulsbery • April 5, 2023

DOJ, SEC charge Frank founder with fraud

The agencies allege Charlie Javice inflated her company's customer base to entice JPMorgan Chase into a $175 million acquisition. The bank and Javice sued one another last year.

By Dan Ennis • April 4, 2023

EWS readies Paze to help banks take on digital wallet market

Even with the backing of the nation’s largest banks, the platform, set for a June launch, will face adoption and security hurdles, industry experts say.

By Anna Hrushka • April 3, 2023

SavvyMoney helps consumers bolster credit scores, banks bolster loan portfolio

The integrated credit solution has 1,055 banking partners, and that number "grows daily," its CEO said.

By Gabrielle Saulsbery • March 29, 2023

FDIC tells Signet users to close accounts, so it can sell the platform

Roughly $4 billion in crypto loans were not included in Flagstar's Signature acquisition. The regulator is asking depositors to move that money by April 5.

By Dan Ennis • March 29, 2023

BM Technologies taps Raymond James vet as co-CEO

The fintech appointed Raj Singh, previously an adviser to the company, to strengthen its management team and position itself for the “next phase of growth,” BM Technologies said Monday.

By Rajashree Chakravarty • March 29, 2023

Greenlight’s new B2B offering brings kid-focused banking to traditional firms

Over half a dozen firms, including Morgan Stanley, WaFd Bank and Community Financial Credit Union have partnered with the neobank to offer its services to their customers.

By Anna Hrushka • March 29, 2023

CFTC sues Binance over compliance ‘evasion’

The crypto exchange said it would restrict U.S. customers from certain trading but communicated with users on an app set to automatically delete messages, the CFTC alleged.

By Gabrielle Saulsbery • March 28, 2023

Tech vendor risk raises vetting stakes in wake of SVB crisis

Deposits are safe, but tech startups may no longer have access to venture debt and the lines of credit that helped fuel innovation.

By Matt Ashare • March 27, 2023

Coinbase faces SEC enforcement action over staking services

“Coinbase runs a rigorous asset review process and has rejected more than 90% of assets that have applied to be listed on the platform,” CEO Brian Armstrong tweeted Wednesday.

By Gabrielle Saulsbery • March 24, 2023

JPMorgan to buy investment analytics fintech Aumni

The bank did not disclose the value of the deal, set to close by June. But Aumni was worth $232 million after its latest funding round in 2021, according to Pitchbook.

By Anna Hrushka • March 23, 2023

Apto Payments, Sardine team on anti-fraud tools

Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

By Tatiana Walk-Morris • March 22, 2023

FTX debtors sue Bahamas arm over ownership claims

FTX Trading, FTX US and others claim that FTX Digital Markets was merely a “corporate shell.” FTX Digital Markets, meanwhile, claims to be the “constructive owner” of FTX’s assets.

By Gabrielle Saulsbery • March 21, 2023