Technology: Page 55
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Zelle not worried about market saturation
The platform's growth in payments and transactions tapered off slightly, but an executive said there's still plenty of room to expand.
By Anna Hrushka • Sept. 30, 2019 -
Former 'Robin Hood' payments company TransferWise dips toe in US banking market
The company's employees once ran through New York City's streets in their underwear to show they had "nothing to hide" in a jab against banks' fees. Now it's partnering with a credit union and a neobank for small businesses.
By Dan Ennis • Sept. 27, 2019 -
Explore the Trendline➔
da-kuk via Getty Images
TrendlineArtificial 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 -
JPMorgan's $25M investment aims to connect underbanked with fintech resources
The bank continues its commitment to the Financial Health Network and unveils a Harlem branch that will feature a digital innovation lab and host collaborations with Google to boost customers' digital exposure.
By Dan Ennis • Sept. 27, 2019 -
Fintech lenders have doubled their market share in 4 years
An Experian study found fintechs have opened twice as many loans in that time frame — 1.3 million new loan originations as of March, compared with 656,000 four years earlier.
By Dan Ennis • Sept. 26, 2019 -
Credit unions target growth with bank, fintech mergers
The not-for-profit financial institutions have acquired more than 20 U.S. banks since 2018, according to S&P Global — a steep jump over the 12 such takeovers in the previous five years.
By Anna Hrushka • Sept. 25, 2019 -
Kabbage founders aim to connect small businesses, gig influencers
Drum has the potential to serve as a pipeline for startups to which Kabbage could lend.
By Dan Ennis • Sept. 24, 2019 -
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Big banks make outsized gains on deposits, millennial customer satisfaction
Fast adoption of technology may be helping to sway customers under 40 toward big banks despite reputational shortcomings.
By Dan Ennis • Sept. 23, 2019 -
JPMorgan Chase grows blockchain network to more than 340 banks
The nation's largest financial institution launched the program in 2017 to minimize friction in cross-border transactions.
By Anna Hrushka • Sept. 23, 2019 -
Wells Fargo, Plaid ink data-sharing deal
Bank executives see the agreement as crucial to the development of its Control Tower feature, which customers can use to see all of the third parties with which their data is being shared.
By Dan Ennis • Sept. 19, 2019 -
Banks stand to lose $280B in payments revenue to fintechs, report says
"Banks are feeling the heat from new competition and seeing their margins squeezed," Gareth Wilson, Accenture's global payments lead, said in a statement.
By Anna Hrushka • Sept. 18, 2019 -
Wells Fargo tests blockchain waters with internal settlement service
Wells Fargo's renewed interest in blockchain comes at a time when banks are still gauging the technology's benefits.
By Anna Hrushka • Sept. 17, 2019 -
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Blockchain adoption will remain elusive for financial services industry until 2022, Gartner says
Immature, fragmented standards will prevent blockchain from fully entering the financial services realm in the near term.
By Roberto Torres • Sept. 16, 2019 -
10 lessons Fannie Mae learned redesigning its security network
The lending company experienced minor hiccups while building out micro-segmentation.
By Samantha Schwartz • Sept. 16, 2019 -
Breach isn't pulling Capital One off its cloud course
Executives continue to cite the "all-in" mantra after the bank saw millions of customers' data exposed this year.
By Dan Ennis • Sept. 11, 2019 -
Stripe rolls out credit card for corporate clients
The launch comes just a week after the company announced it would offer lending through Stripe Capital.
By Anna Hrushka • Sept. 11, 2019 -
JPMorgan Chase's WePay launches same-day deposits
The free service gives Chase an edge on fintech competitors such as Stripe and Square, which both charge fees for faster processing.
By Anna Hrushka • Sept. 10, 2019 -
PXHere
National Climate Bank could mobilize $1T, report finds
A national bank that finances clean energy tech and infrastructure could generate up to $1 trillion over 30 years with just $35 billion of federal funds.
By Jason Plautz • Sept. 9, 2019 -
Fintech startup Stripe launches lending arm
The company joins a burgeoning marketplace. Nearly one-third of loan applicants turned to online lenders last year, a Federal Reserve study says.
By Dan Ennis • Sept. 6, 2019 -
Jeff Swensen via Getty Images
PNC launches on Ripple’s cross-border payments network
While Ripple already has a global portfolio of banks using the RippleNet network, the launch with PNC Bank marks a significant milestone for the cryptocurrency company.
By Anna Hrushka • Sept. 3, 2019 -
U.S. Bank launches Spanish-language option on revamped app
50% of the bank's customers now use mobile banking, compared with 44% during the same period last year, per its second-quarter earnings report.
By Anna Hrushka • Aug. 30, 2019 -
4 in 5 Americans have smartphones; why are less than half on mobile pay?
Consumers aren't the only slow adapters in the U.S. About 36% of retailers said they accept mobile wallet payments, according to a JPMorgan study.
By Dan Ennis • Aug. 30, 2019 -
Even Libra's most famous backer occasionally goes nameless
A Libra Association executive is urging partners to publicly acknowledge their ties to the project, but some may be taking a wait-and-see approach amid a flurry of government and regulator interest.
By Dan Ennis • Aug. 29, 2019 -
Trustar Bank
Q&A6 questions with Trustar Bank CEO Shaza Andersen
Executive launched the Great Falls, Virginia-based community bank in July, after selling WashingtonFirst Bank to Sandy Spring Bank.
By Anna Hrushka • Aug. 29, 2019 -
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Binance launches lending business with limited high-yield perk
The exchange may use the launch to diversify its business, broaden its customer base and boost its token's slumping value.
By Dan Ennis • Aug. 28, 2019 -
Varo to let some banking customers go $50 into the red
Customers must make at least five debit card purchases a month and set up direct deposits of $1,000 a month.
By Dan Ennis • Aug. 27, 2019
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