JPMorgan buys 49% stake in Greek fintech Viva Wallet

The U.S.'s largest bank is continuing an acquisition spree it accelerated in 2021, when it made more than 30 deals — many either banking-adjacent or outside banking entirely.

By Dan Ennis • Jan. 25, 2022

H&R Block launches challenger bank Spruce

The tax-preparation company last March teased its desire to offer digital checking and savings accounts. Spruce marks H&R Block's second foray into banking after it surrendered its charter in 2015.

By Robin Bradley • Jan. 21, 2022

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

Fed's long-awaited CBDC report arrives

The 40-page paper makes no policy recommendations but rather lays out concerns — particularly, security — and benefits, such as access for the unbanked, and is designed to elicit feedback over a 120-day comment period.

By Jonathan Berr • Jan. 21, 2022

Creating new revenue streams with personalized one-to-one messaging

One-to-one messaging is the most effective way to engage, retain and grow your business resulting in better relationships and revenue.  

Jan. 18, 2022

Santander finds itself in a Citi moment with $175M error

In looking to claw back duplicate payments, Santander may find varying levels of cooperation from other banks. The incident may also prompt regulators to examine the lender's risk management framework and history.

By Dan Ennis • Jan. 5, 2022

NCUA OKs crypto partnerships for credit unions

"Financial services has always been 'adapt or die,'" Kyle Hauptman, the regulator's vice chair, told CoinDesk. "I don't want credit unions to go the way of Blockbuster Video because we, the regulators, prevented innovation."

By Robin Bradley • Jan. 4, 2022

Morgan Stanley, Capital One's old errors cause new headaches

The banks, collectively, agreed to pay $250 million to settle class-action lawsuits connected to data breaches for which the Office of the Comptroller of the Currency levied penalties in 2020.

By Dan Ennis • Jan. 4, 2022

5 banking trends to watch in 2022

A reversal on in-office work from a hard-liner like Goldman Sachs may represent a pivot point in the acceptance of remote policies. But other narratives, such as small-scale niche M&A, mark a continuation from 2021.

By Dan Ennis , Anna Hrushka , Robin Bradley • Jan. 4, 2022

Community banks form payments network to compete with Zelle: report

Community bank innovation consortium Alloy Labs Alliance will manage the network in partnership with Payrailz, a digital payments company, Forbes reported.

By Anna Hrushka • Dec. 20, 2021

Banking group drops OCC suit after Figure updates charter application

"We still feel like the law would have come out on our side ... but we just don't want to continue to wait," the fintech's general counsel said of its decision to seek deposit insurance.

By Anna Hrushka • Updated Jan. 14, 2022

Crypto custody firm Anchorage Digital raises $350M in $3B valuation

The company's latest raise comes as the firm is ramping up its strategy to partner with financial institutions that want to provide their clients with custody services for their digital assets.

By Anna Hrushka • Dec. 15, 2021

SVB acquires research firm MoffettNathanson

The deal caps months of focus on growing the company's investment-banking arm. SVB began the year expanding into wealth management, with a January deal to acquire Boston Private Financial Holdings.

By Dan Ennis • Dec. 14, 2021

Wells Fargo to use HSBC's blockchain tech to settle forex transactions

Through the arrangement, the banks will sidestep CLS, a Federal Reserve-regulated third party, to settle matched foreign-exchange transactions in U.S. and Canadian dollars, euros and British pounds.

By Robin Bradley • Dec. 13, 2021

'Relevant banking' increases banks' bottom line through personalization

Improve the ability to personalize services, create distinctive omnichannel experiences, and innovate rapidly.

Dec. 13, 2021

Coinbase's revenge, CFTC shade-throwing highlight return of 'winter filter'

Coinbase debuted an interest-bearing product for non-U.S. users a day after warning lawmakers the U.S. is at risk of being left behind. Also, "regulating through enforcement" comes under fire — from a regulator.

By Dan Ennis • Dec. 10, 2021

Crypto execs tout financial inclusion during digital-asset hearing

Circle, for example, aims to funnel "billions of dollars" of USDC dollar-denominated reserves into minority depository institutions to aid underserved communities, CEO Jeremy Allaire told lawmakers Wednesday.

By Anna Hrushka • Dec. 9, 2021

Crypto execs push for tailored regulation, but not a rush to judgment

At stake, they said in a Wednesday hearing on Capitol Hill, is the U.S.'s leadership in the field.

By Dan Ennis • Dec. 8, 2021

The decentralization in DeFi just an illusion, BIS says

DeFi is ripe for regulation before the ecosystem becomes more popular, the Basel, Switzerland-based organization says in its quarterly report.

By Robin Bradley • Dec. 7, 2021

New York Fed, BIS partner on fintech research center

The innovation hub is meant to support the U.S. central bank's analysis of digital currencies, including CBDCs, and to help make cross-border payments faster and less expensive, Fed Chair Jerome Powell said.

By Robin Bradley • Dec. 3, 2021

Quotable Quarles: 5 takeaways from the Fed governor's farewell speech

The outgoing central bank official suggested a change to big banks' stress-testing framework, warned against stifling digital-asset innovation and cautioned the misuse of Fed emergency funds.

By Dan Ennis • Dec. 3, 2021

How Stash helps its customers navigate emerging wealth tools

"One of the biggest learnings for us ... was making sure that we give context to the information that we're asking for and why," said Claudio Esposito, the fintech's senior vice president of product.

By Suman Bhattacharyya • Dec. 3, 2021

Diem co-creator Marcus to leave Facebook parent Meta by end of year

In a series of tweets and Facebook posts Tuesday, David Marcus said he is leaving to pursue other projects. Stephane Kasriel, vice president of product at Novi, will take over his role leading the stalled crypto effort.

By Anna Hrushka • Dec. 1, 2021

Mizuho group CEO resigns amid spate of IT woes

Tatsufumi Sakai is at least the third executive at the Japanese financial firm to step down in connection with issues that prompted a regulator and the country's ministry of finance to issue orders seeking improvement.

By Dan Ennis • Nov. 29, 2021

UK fintech Thought Machine surpasses $1B valuation

The company raised $200 million in its most recent funding round, which it said will provide capital for the continued development of its SaaS product Vault, already in use by JPMorgan Chase.

By Robin Bradley • Nov. 29, 2021

Senate banking panel chair seeks stablecoin issuer feedback

The complexity of stablecoins makes it difficult for investors and consumers to fully understand their potential risks, Sen. Sherrod Brown, D-OH, said in letters to eight issuers and exchanges, including Coinbase and Tether.

By Anna Hrushka • Nov. 29, 2021