• Coinbase
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    Coinbase faces SEC enforcement action over staking services

    “Coinbase runs a rigorous asset review process and has rejected more than 90% of assets that have applied to be listed on the platform,” CEO Brian Armstrong tweeted Wednesday.

    By March 24, 2023
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    JPMorgan to buy investment analytics fintech Aumni

    The bank did not disclose the value of the deal, set to close by June. But Aumni was worth $232 million after its latest funding round in 2021, according to Pitchbook.

    By March 23, 2023
  • Trendline

    The Banking Dive Outlook on 2023

    Harsher penalties, a fiercer fight over ESG philosophy and a more urgent push to regulate crypto appear poised to roil the finance sector in 2023.

    By Banking Dive staff
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    NicoElNino via Getty Images

    Apto Payments, Sardine team on anti-fraud tools

    Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

    By Tatiana Walk-Morris • March 22, 2023
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    Screenshot, House Financial Services Committee YouTube

    FTX debtors sue Bahamas arm over ownership claims

    FTX Trading, FTX US and others claim that FTX Digital Markets was merely a “corporate shell.” FTX Digital Markets, meanwhile, claims to be the “constructive owner” of FTX’s assets.

    By March 21, 2023
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    Justin Sullivan via Getty Images

    A look at SVB’s new CEO, Tim Mayopoulos

    The former Fannie Mae CEO on Tuesday urged clients who left SVB in the past week to return. The FDIC allegedly has targeted Mayopoulos since 2017 as someone who could steer a seized bank.

    By March 16, 2023
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    Fintechs offer expanded FDIC insurance in wake of SVB failure

    “It is abundantly clear that $250K FDIC insurance is not enough for startups,” Immad Akhund, CEO of neobank Mercury, said after Silicon Valley Bank’s collapse.

    By March 15, 2023
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    Justin Sullivan via Getty Images
    Deep Dive

    ‘Meme stock in reverse’: SVB collapse portends new era of viral bank runs

    SVB’s demise gave the banking sector a glimpse into how social media and digital banking can turn a financial institution from operational to insolvent in a matter of hours.

    By March 15, 2023
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    Dan Kitwood via Getty Images

    Anchorage Digital cuts 20% of staff

    “The need for better crypto infrastructure is growing ever clearer,” the company told Bloomberg amid a seven-day span that has seen the closure of three banks heavily invested in the crypto sector.

    By March 15, 2023
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    Philip Steury via Getty Images

    Bank failure panic fuels moment of opportunity for threat actors

    As regulators step in to operate SVB and Signature, threat hunters and security executives warned organizations to look out for malicious activity.

    By Matt Kapko • March 14, 2023
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    Matt Cardy/Getty via Getty Images

    HSBC buys UK arm of SVB for symbolic £1

    “Deposits will be protected, with no taxpayer support,” Jeremy Hunt, Britain’s finance minister, tweeted Monday.

    By March 13, 2023
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    Anna Hrushka/Banking Dive

    Signature Bank closed by NY regulator

    Business clients pulled deposits Friday after the crumbling of fellow crypto-friendly Silicon Valley Bank. An auction for Signature's assets could begin Monday.

    By March 13, 2023
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    Justin Sullivan via Getty Images

    Regulators take over Silicon Valley Bank

    The California Department of Financial Protection and Innovation closed the embattled bank and appointed the FDIC as receiver, regulators said Friday.

    By March 10, 2023
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    Dan Kitwood via Getty Images

    Crypto bank Silvergate shuttering operations, liquidating

    The bank was affected by the collapse of FTX and shut down its crypto payments network last week.

    By March 9, 2023
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    ipopba via Getty Images

    Technology gap puts Black banks at risk: report

    Black banks, which help expand credit to underserved areas, risk losing customers if they continue to fall behind their nonminority peers in terms of digital banking offerings, a researcher said.

    By March 9, 2023
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    TomasSereda via Getty Images

    Grasshopper Bank leans on fintech partners to weather economic downturn

    “We understand partnerships. And the one thing that I tell people is, once you refer to one of your fintech partners as a vendor, then you're in a bad place,” CEO Mike Butler said.

    By March 8, 2023
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    HMBradley ends waitlist after landing new sponsor bank

    The neobank tapped NYCB as its new sponsor bank after its former partner struggled to keep up with the rapid deposit growth.

    By March 8, 2023
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    WaFd fintech spinoff Archway launches after $15M funding round

    “We’re trying to close that digital divide so the community and regional banks can really foster those relationships without making them sacrifice the technology side,” said Dustin Hubbard, Archway’s president.

    By March 8, 2023
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    BlackJack3D via Getty Images

    Brex offers ChatGPT-style CFO tools

    The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.

    By Alexei Alexis • March 7, 2023
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    Alex Wong via Getty Images

    Hsu: Crypto needs lead regulator, global framework of rules

    The OCC's acting chief, during a speech Monday, likened FTX’s collapse to that of the Bank of Credit and Commerce International in 1991.

    By March 7, 2023
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    Kraken ‘on track’ to launch bank despite headwinds

    "We're going to have those pens with the little ball chains ... and attach them to the desks of Wall Street banks everywhere. With our logo," Chief Legal Officer Marco Santori said on a podcast.

    By March 7, 2023
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    Banking technology provider Amount cuts 25% of staff

    The Chicago-based fintech, which was valued at $1 billion in 2021, has initiated its second round of layoffs in less than a year.

    By March 6, 2023
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    Jack Taylor / Stringer via Getty Images

    Silvergate closes its crypto payments network

    The abrupt closure follows an exodus of Silvergate partners and the bank's acknowledgment that it may be “less than well-capitalized.”

    By March 6, 2023
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    Sora Shimazaki/

    Sponsored by Encapture

    Dodd-Frank 1071 is here: How financial institutions are preparing with automation

    Just in time for the March 31 ruling, here’s what banks are doing about it.

    By Will Robinson, CEO, Encapture • March 6, 2023
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    Sponsored by FedEx Office

    Making it work: Why linking your digital and print strategies is essential for success

    Digital content management is an essential technology for all businesses that want to thrive in today’s world.

    March 6, 2023
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    Some Celsius customers can make withdrawals now

    The bankrupt crypto lender is allowing withdrawals from some custody accounts, it said Thursday. Full funds distribution could start as soon as June.

    By March 3, 2023