Fintechs Blueacorn, Womply added to House panel's PPP probe

A subcommittee focused on COVID-19's impact seeks documents and information on the companies' fraud prevention measures. The panel made similar requests of Kabbage, BlueVine and others in May.

By Dan Ennis • Nov. 24, 2021

Bank regulators to roll out crypto guidance in 2022

A two-page report doesn't provide many details regarding how banks should navigate digital assets, but regulators said the industry should expect further guidance throughout the next year.

By Anna Hrushka • Nov. 23, 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

Citi names crypto team chief, looks to hire 100 more in digital asset effort

Puneet Singhvi will become the head of digital assets for Citi's institutional clients group Dec. 1, according to an internal memo.

By Robin Bradley • Nov. 23, 2021

Banks, fintechs navigate market's appetite for crypto amid pending regulatory guidance

From Bitcoin rewards to custody services for digital assets, banks and fintechs are carving out strategies and services tied to crypto as regulators seek to catch up with guidance.

By Anna Hrushka • Nov. 22, 2021

Re-architect banking around the customer

Backbase delivers complete, end-to-end solution with the help of Microsoft.

Nov. 22, 2021

Fed's Waller warns against bank-only stablecoins

"While regulations are necessary, they also limit free entry into at least some of the markets in which banks operate," Waller said. "As a result, regulatory oversight can insulate banks from some forms of direct competition."

By Robin Bradley • Nov. 18, 2021

German challenger bank N26 to shutter US operations

Accounts for the fintech's 500,000 U.S. customers will be closed Jan. 11. The company is aiming to expand into more countries in eastern Europe and still plans to launch services in Brazil.

By Dan Ennis • Nov. 18, 2021

U.S. Bank to buy travel and expense management fintech TravelBank

After a yearlong partnership, the Minneapolis lender opted to buy the fintech outright, in a deal reportedly worth $200 million.

By Robin Bradley • Nov. 17, 2021

Ripple puts SEC on losing end in crypto regulation proposal

The company said the existing framework can be adapted to fit crypto and touted legislation that would de-emphasize the SEC's role in favor of the CFTC.

By Dan Ennis • Nov. 17, 2021

LMI lender Oportun to buy digital bank Digit in $213M cash-equity deal

The deal will result in Digit and Oportun having access to a combined 1.4 million members, to whom both entities plan to cross-sell their products.

By Anna Hrushka • Nov. 16, 2021

Connecticut bank, fintech propose merger eyeing digital national lender

Stamford-based Patriot National Bank will pay $119 million to buy American Challenger Development Corp., a company that had been pursuing a de novo charter, in a deal announced Monday.

By Robin Bradley • Nov. 15, 2021

BM Technologies to buy Seattle community bank to 'accelerate earnings power'

The $23 million deal, set to close in the second half of 2022, will allow BM Technologies to supplement fee-based income with net interest income, CEO Luvleen Sidhu said.

By Anna Hrushka • Nov. 15, 2021

Banks outpace other industries in cyber investments, defense strategies: report

"Still, we view the banking sector as high risk in terms of cybersecurity, because of how attractive it is as a target for many different types of attackers," said Lesley Ritter, a vice president and senior analyst at Moody's.

By David Jones • Nov. 15, 2021

Crypto creeps into the checkout line

Payments firms are betting on crypto's growth as an asset class to fuel crypto adoption at checkout.

By Suman Bhattacharyya • Nov. 10, 2021

How neobanks are cashing in on the Gen Z market

While parents' banking habits influence their children, researchers found, the difference in those habits is getting progressively wider.

By Anna Hrushka • Nov. 10, 2021

Hiring tech talent a 'major priority' for Chase, CIO says

As competition heats up in the hiring space, some large banks are leveraging flexibility in the form of hybrid work schedules and larger salaries.

By Robin Bradley • Nov. 8, 2021

Why Current built its core technology in-house

Curbing the need for a third-party processor helps money move faster, said the fintech's CTO, Trevor Marshall. "When I think of a checking account, I think of a parking lot," he said. "Current is about movement."

By Suman Bhattacharyya • Nov. 8, 2021

Is finance ready for the super-app revolution?

With a market of specialized fintech offerings and a customer base hungry for streamlined solutions, there's a race to become the provider of all services. The burden lies on the platform provider to deliver an exceptional experience.

By Kathryn Petralia • Nov. 5, 2021

Digital bank Jiko accelerates banking-as-a-service strategy

The Jiko app is still available for consumers to download, and the company plans to keep enhancing its features, but its main use will serve as a "showroom" for Jiko's technology, CEO Stephane Lintner said.

By Anna Hrushka • Nov. 4, 2021

Regulators to issue policy on crypto, stablecoins, FDIC chair says

Jelena McWilliams shared details about the interagency "crypto sprint" involving the FDIC, the OCC and the Fed, and said the agencies plan to issue a series of policy statements in the coming months.

By Anna Hrushka • Oct. 26, 2021

Why Green Dot is bullish on brick-and-mortar retail

CEO Dan Henry said he is confident Green Dot's partnerships with select retailers that are expanding help it fulfill a need for a demographic that still relies heavily on cash.

By Anna Hrushka • Oct. 26, 2021

Pandemic widens mobile's lead as preferred way to bank, survey finds

About 44% of customers rated mobile the top option since the pandemic began — an 11-point jump from pre-COVID times, according to the ABA. Over that time, in-branch visits fell by the same margin.

By Robin Bradley • Oct. 26, 2021

Wells Fargo aims to debut revamped mobile app, virtual assistant next year

The bank's digital user interactions trail JPMorgan and Bank of America. But Wells last year brought onboard an executive who helped develop BofA's Erica.

By Dan Ennis • Oct. 25, 2021

Vast Bank's new platform aims for the 'crypto curious'

"Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "And in today's world, that's now digital assets."

By Anna Hrushka • Oct. 21, 2021

Goldman Sachs, AmEx debut cloud-based payments service for corporate clients

The investment bank is partnering with the world's largest card issuer for businesses in an effort to make payments easier and more efficient for institutional clients.

By Robin Bradley • Oct. 20, 2021