Technology


  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
    Image attribution tooltip
    Win McNamee / Staff via Getty Images
    Image attribution tooltip

    Capital One to acquire Discover in $35.3B deal

    The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

    By Feb. 20, 2024
  • solo funds team
    Image attribution tooltip
    Permission granted by SoLo Funds
    Image attribution tooltip

    SoLo Funds nears 2M users

    The peer-to-peer lending platform has faced some regulatory backlash, but a study from London's Centre for Economics and Business Research shows it's cheaper than many other subprime options.

    By Feb. 14, 2024
  • Trendline

    Customer service

    Banks and fintechs have a choice when looking to grow: Identify a new customer segment and expand services, or drill down and better serve the clients they have.

    By Banking Dive staff
  • Cryptocurrency tokens lying next to a gavel
    Image attribution tooltip
    Just_Super via Getty Images
    Image attribution tooltip

    NY AG expands suit against DCG

    Attorney General Letitia James initially alleged that Digital Currency Group and others defrauded investors of $1 billion. Now, after hearing from more investors, that number is up to $3 billion.

    By Feb. 12, 2024
  • first citizens bank
    Image attribution tooltip
    Melissa Sue Gerrits via Getty Images
    Image attribution tooltip

    HSBC CEO knew of a plan to poach SVB bankers, First Citizens alleges

    First Citizens filed an amended complaint in federal court Wednesday, in line with a judge's order last month to "clean up" its initial $1.2 billion lawsuit.

    By Feb. 9, 2024
  • Fingers hover over a computer keyboard with numbers on a screen, against a shadowy backdrop.
    Image attribution tooltip
    jariyawat thinsandee via Getty Images
    Image attribution tooltip
    Q&A

    Banks should step up scam response: fraud expert

    With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, one executive says.

    By Caitlin Mullen • Feb. 9, 2024
  • Artificial Intelligence concept brain with CPU
    Image attribution tooltip
    MF3d via Getty Images
    Image attribution tooltip

    Yellen backs legislation to avert AI threat to financial stability

    Testimony by the Treasury secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.

    By Jim Tyson • Feb. 8, 2024
  • MoneyLion EY partnership
    Image attribution tooltip
    Permission granted by MoneyLion and EY
    Image attribution tooltip

    MoneyLion, EY partner to co-build ‘turnkey’ solutions for banks

    The partnership will help to drive deposits for mid-sized banks and help diversify their existing revenue streams by implementing comprehensive digital marketplaces inside their ecosystems.

    By Feb. 7, 2024
  • Image attribution tooltip
    Dan Kitwood/Getty Images News via Getty Images
    Image attribution tooltip

    Fed ends enforcement action against Farmington State Bank

    The small Washington state-based bank was heavily tied to FTX before the crypto exchange's implosion.

    By Feb. 7, 2024
  • Officials and employees celebrate the grand opening of Fiserv's Berkeley Heights, New Jersey office on Nov. 15.
    Image attribution tooltip
    Permission granted by Fiserv
    Image attribution tooltip

    Fiserv CEO details special bank charter pursuit

    The processing and acquiring company, which seeks a “very specific” special bank charter, doesn’t intend to compete with its financial institution partners, Fiserv CEO Frank Bisignano said Tuesday.

    By Caitlin Mullen • Feb. 7, 2024
  • A purple Peterbilt Model 579.
    Image attribution tooltip
    Courtesy of Peterbilt
    Image attribution tooltip

    Fleet fintech ditches Visa for Mastercard

    Fuel card startup AtoB, with $112 million in financial backing, plans to take on dominant fleet service rivals Wex and Fleetcor.

    By Lynne Marek • Feb. 6, 2024
  • Cryptocurrency
    Image attribution tooltip
    da-kuk via Getty Images
    Image attribution tooltip

    Vast Bank discontinues crypto mobile app

    The Tulsa, Oklahoma-based lender told customers their digital assets would be liquidated and accounts would be closed. Customers will receive stranded assets via cashier’s check, the bank said.

    By Feb. 5, 2024
  • cryptocurrency graphic
    Image attribution tooltip
    Dan Kitwood via Getty Images
    Image attribution tooltip

    Celsius emerges from bankruptcy after 18 months

    As part of its bankruptcy exit, the crypto exchange is distributing $3 billion to creditors and launching a Bitcoin mining firm.

    By Feb. 2, 2024
  • Cryptocurrency tokens lying next to a gavel
    Image attribution tooltip
    Just_Super via Getty Images
    Image attribution tooltip

    Genesis Global settles SEC suit for $21M

    The settlement will, among other things, "eliminate the risks, expenses, and uncertainty associated with protracted litigation against the SEC."

    By Feb. 2, 2024
  • Image attribution tooltip
    Dan Kitwood via Getty Images
    Image attribution tooltip

    FTX to repay customers, nixes reboot

    “I’d like the court and stakeholders to understand this is not a guarantee. ... But we believe the objective is within reach and we have a strategy to achieve it,” said FTX attorney Andrew Dietderich.

    By Feb. 1, 2024
  • A photo of the street sign for Wall Street, in front of a row of American flags.
    Image attribution tooltip
    hapabapa via Getty Images
    Image attribution tooltip

    Nasdaq to cut jobs to streamline operations: report

    The second-largest U.S. stock exchange is planning to cut its workforce as it integrates software provider Adenza into its business to improve efficiency, Bloomberg reported.

    By Jan. 31, 2024
  • Bank sign on glass wall of business center
    Image attribution tooltip
    ultramarine5 via Getty Images
    Image attribution tooltip

    The banking industry outlook on 2024: The year of wait-and-see

    A capital requirements proposal, fintech regulation and the CFPB itself hang in the balance as opinions (from the public and a court) and an ever-ticking clock loom large.

    By Jan. 30, 2024
  • An illustration of a stock market graph and bar chart price display.
    Image attribution tooltip
    maciek905 via Getty Images
    Image attribution tooltip

    Trading platform EquiLend down following cyberattack

    The prolific criminal group LockBit has reportedly claimed credit for the attack, raising further questions about the risks facing the securities and banking industries.

    By David Jones • Jan. 24, 2024
  • Hand of businessman using smart phone with coin icon
    Image attribution tooltip
    Creative stock via Getty Images
    Image attribution tooltip

    Figure eyes SEC approval for interest-bearing stablecoin

    The company’s token would be redeemable at 1 cent per certificate, rather than $1, and interest would accrue daily and be paid monthly to the user, according to paperwork filed with the agency.

    By Jan. 23, 2024
  • Incoming CEO of Jack Henry & Associates, Greg Adelson, posing against a bookshelf and lamp.
    Image attribution tooltip

    Retrieved from LinkedIn on January 23, 2024

    Image attribution tooltip

    Jack Henry vaults COO to CEO seat

    Greg Adelson, the company’s current president and chief operating officer, will take the reins from outgoing CEO David Foss in July.

    By James Pothen • Jan. 23, 2024
  • binance apps on phone
    Image attribution tooltip
    Michael M. Santiago / Staff via Getty Images
    Image attribution tooltip

    Binance, SEC face off in court

    For the second time in one week, the Securities and Exchange Commission sought to convince a judge that crypto is a security, and a crypto company sought to convince her of the opposite.

    By Jan. 23, 2024
  • An image shows a person on a computer and mobile device handling financial transactions.
    Image attribution tooltip
    Sukanya Sonlila via Getty Images
    Image attribution tooltip

    BaaS to require strong commitment, investment in 2024, experts say

    While demand for embedded banking services will continue to propel the BaaS space, experts say regulatory scrutiny will likely separate committed banks from those with a casual interest in the model.

    By Jan. 22, 2024
  • the exterior of the federal reserve building in washington, dc
    Image attribution tooltip
    crbellette via Getty Images
    Image attribution tooltip

    FedNow draws some banks, as others lag

    The Federal Reserve is building up bank participation in FedNow, but big financial institutions such as Bank of America, Citi, PNC and Capital One, remain on the sidelines — for now.

    By Lynne Marek • Jan. 19, 2024
  • The Bank of America logo is displayed on the side of a Bank of America branch office January 20, 2010 in San Francisco, California.
    Image attribution tooltip
    Justin Sullivan / Staff via Getty Images
    Image attribution tooltip

    Bank of America CEO on digital transformation: ‘There’s always more to go’

    The Charlotte, North Carolina-based lender has spent billions of dollars on data systems to support AI tools in the past decade and assisted 18 million unique users in Q4, CEO Brian Moynihan said.

    By Matt Ashare • Jan. 18, 2024
  • A general view of the entrance to the Citigroup office in Canary Wharf on November 17, 2008 in London, England.
    Image attribution tooltip
    Oli Scarff / Staff via Getty Images
    Image attribution tooltip

    Citi poured $12B into tech last year, retired nearly 400 legacy apps

    While efforts to modernize are underway, the company is operating at a loss and plans to cut 20,000 positions by 2026 as part of a broader restructuring.

    By Matt Ashare • Jan. 18, 2024
  • Varo Bank application
    Image attribution tooltip

    Photo illustration: Varo Bank; Getty Images

    Image attribution tooltip

    Varo rolls out free tax prep and filing tool with Column Tax

    All Varo Bank customers can access the tax filing service, which uses pre-filled data based on user information and helps to file taxes in less than 15 minutes, the lender said.

    By Jan. 17, 2024