Fintech Karat aims to become influencers' bank, raises $26M

The company plans to move beyond credit cards and offer a suite of tools, including bank accounts and tax preparation services, for the creator economy.

By Anna Hrushka • July 2, 2021

Wealth management fintech gets boost from Florida community bank

A $2.5 million investment from Coral Gables-based Amerant Bank accounted for half of a Series A funding round for Marstone, whose CEO says the pandemic has accelerated every institution's digital roadmap.

By Anna Hrushka • June 30, 2021

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

Quarles: Fed-backed digital currency poses 'significant' risks, 'unclear' benefits

His comments Monday, in which he compares cryptocurrencies to parachute pants, show the central bank is far from unified on digital dollar development.

By Dan Ennis • June 29, 2021

JPMorgan Chase eyes 3rd fintech acquisition in the past year

The latest tie-up follows a busy year of deal activity for the U.S.'s largest bank, which is also eyeing growth opportunities in the U.K. and Brazil.

By Anna Hrushka • June 29, 2021

British regulator warns Binance to halt UK activity

Twitter, meanwhile, has seen complaints from Binance customers who said they were prevented from withdrawing pounds using the U.K.'s Faster Payments system.

By Dan Ennis • Updated July 9, 2021

Neobanks expand, add products for US immigrant market

Majority secured $19 million in seed funding to help it expand nationally. Remitly's Passbook debuted a series of new features. And Fair officially launched.

By Anna Hrushka • June 25, 2021

Citi launches digital assets unit, confirming crypto plans

The bank becomes the second U.S.-based SIFI, after State Street, to form a crypto-centered business this month — at a time when central banks are casting doubt over the tokens' volatility.

By Dan Ennis • June 25, 2021

BIS report shows growing divide on crypto

Central banks strike a second blow against digital tokens. Stablecoins, too, this time. The dissonance between market and government may come down to timing, or an age-old pattern concerning risk.

By Dan Ennis • June 24, 2021

Fifth Third to acquire healthcare fintech Provide

The Cincinnati bank follows another Ohio-based lender in tailoring its financial services to the healthcare industry. Cleveland-based KeyBank launched Laurel Road for Doctors in March.

By Anna Hrushka • June 23, 2021

Fiserv partners with NYDIG to offer Bitcoin services

The deal comes a month after NYDIG inked a Bitcoin services agreement with fellow payments processor FIS, and as big banks broaden their offerings surrounding cryptocurrency.

By Vaidik Trivedi • June 23, 2021

Goldman Sachs expands transaction banking services to UK

The bank said last year it wants to move more money around the world for large companies — a more stable revenue stream than trading. Goldman says its technology platform can open accounts in minutes instead of months.

By Dan Ennis • June 22, 2021

Discover makes a crypto move with new hire

With the hiring of a new manager for blockchain and digital currency, Discover Financial is planting a flag in the card company race to grab a share of money increasingly flowing through cryptocurrencies.

By Lynne Marek • June 22, 2021

3 keys to maximizing the digital banking customer journey

Customers want engaging, personalized digital service on their own schedule. 

June 21, 2021

Verizon targets Gen Z market with new digital banking app

For a $5.99 monthly fee, Family Money lets parents monitor and cap their children's spending, block certain spending categories and set up allowances.

By Anna Hrushka • June 18, 2021

Neobank Better Financial aims to cushion financial shocks for gig workers

The startup uses account holders' current payroll data and past payroll history to underwrite low-interest emergency loans.

By Anna Hrushka • June 17, 2021

American Express launches business checking accounts

The card network's subsidiary, Kabbage, rolled out a soft launch of the checking account product last summer, before AmEx acquired it.

By Anna Hrushka • June 15, 2021

National banks outpace regionals in digital satisfaction: J.D. Power study

Bank of America bested JPMorgan Chase in mobile app satisfaction among national banks. Regions Bank and Huntington Bank took the highest marks among regionals in online and mobile app satisfaction, J.D. Power found.

By Anna Hrushka • June 14, 2021

Sunwest Bank launches new account opening portal to boost geographic reach

The portal allows the bank to expand its services to commercial clients outside of the four states where it has a physical presence, said Dwight Flenniken, Sunwest's chief marketing officer.

By Anna Hrushka • June 10, 2021

Basel suggests clamping down on crypto as State Street rolls out digital-asset unit

The panel recommended the highest possible risk weighting — 1,250% — be applied to a bank's exposure to Bitcoin and some other digital tokens.

By Dan Ennis • June 10, 2021

Why some lenders are going all-in on video banking

OceanFirst Financial plans to extend its video banking services to mobile devices, while U.S. Bank recently added video to its co-browsing service.

By Anna Hrushka • June 8, 2021

Challenger bank Dave to go public through $4B SPAC deal

Victory Park Capital, the Chicago-based investment firm sponsoring the merger, provided a $100 million credit facility to Dave in January, the fintech said.

By Anna Hrushka • June 7, 2021

OCC will revisit crypto charters, interpretive letters, acting chief says

Michael Hsu has said he will review the regulator's past actions regarding cryptocurrency activities and crypto firm charters, adding, "everything's on the table."

By Anna Hrushka • June 3, 2021

Crypto exchange Kraken launches mobile app in US

Customers can buy and sell more than 50 crypto tokens from their mobile phones with a starting investment of as little as $10. The services are not available for residents of New York or Washington state.

By Dan Ennis • June 3, 2021

Black-owned businesses leaned harder into fintechs on PPP, Fed data shows

The data highlights fintechs' efforts to serve marginalized communities but comes amid reported scrutiny from the Justice Department and lawmakers over nonbank lenders' fraud controls and compliance systems.

By Anna Hrushka • May 28, 2021

Neobank Paybby to bring crypto investing to Black and Brown communities

"It's a great new investment class, and the people of our community should have access to this investment class just like anybody else," CEO Hassan Miah said.

By Anna Hrushka • May 25, 2021