Technology


  • fierce fintech app
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    Former NYSE CIO launches an app to make you feel good about your finances

    He called Fierce “kind of like the Ted Lasso of finance.”

    By Feb. 8, 2023
  • One's digital banking app
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    Courtesy of One Finance

    Bank mobile app use reaches 87%: Chase survey

    Card replacement and peer-to-peer payment access rank among features with the greatest uptick in use, the bank’s research found.

    By Feb. 6, 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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    Dan Kitwood/Getty Images News via Getty Images

    Silvergate’s FTX ties probed by DOJ fraud unit: report

    The investigation is looking into the bank’s hosting of accounts linked to former FTX CEO Sam Bankman-Fried. Silvergate has not been accused of wrongdoing, sources told Bloomberg.

    By Feb. 3, 2023
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    Small banks, fintechs ask CFPB for more time to phase out screen scraping

    A CFPB proposal aims to eliminate screen scraping by requiring banks to establish APIs, standardized software widely regarded as a more secure way to connect consumers’ accounts to financial apps.

    By Feb. 1, 2023
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    Just_Super via Getty Images

    Lawmakers press Silvergate harder, say due diligence failed ‘miserably’

    Silvergate CEO Alan Lane’s response to a December letter regarding the bank's FTX ties was “evasive and incomplete,” a bipartisan group of U.S. senators wrote Monday.

    By Feb. 1, 2023
  • JP Morgan Chase Props Up Ailing Bear Stearns
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    Michael Nagle / Stringer via Getty Images

    JPMorgan plans to launch digital bank in Germany by 2025: report

    The bank has been hiring in Berlin to support the effort and plans to make the city its base of EU consumer operations, Bloomberg reported.

    By Feb. 1, 2023
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    pcess609 via Getty Images

    BM Technologies to cut 25% of staff

    BM Technologies’ effort to reduce expenses follows the dissolution of the fintech’s planned acquisition of First Sound Bank, a $23 million deal the two parties called off in December.

    By Jan. 31, 2023
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    Jack Taylor / Stringer via Getty Images

    Crypto bank Anchorage Digital names execs to compliance, BSA posts

    The eight-move revamp of C-suite and other leading posts comes nine months after the OCC ordered the digital bank to fix BSA and anti-money laundering shortcomings.

    By Jan. 31, 2023
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    Varo slows burn rate, shifts marketing strategy

    The bank cut its marketing budget and shifted its focus from maximizing user numbers to growing the segment that uses Varo as its primary bank.

    By Jan. 31, 2023
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    Chris McGrath via Getty Images

    Crypto firm Gemini picks new finance chief

    Tyler Skelton joins Gemini from small-business payment service provider Till Payments. He also held finance roles at crypto insurance marketplace Nayms and financial services provider Bakkt.

    By Grace Noto • Jan. 30, 2023
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    Marqeta names new CEO, makes $275M deal

    The company is elevating its chief product officer and acquiring cloud-native credit card program management platform Power Finance.

    By Jan. 30, 2023
  • Image of bitcoins.
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    Chris McGrath via Getty Images

    Crypto firm Dinara takes proactive stance on compliance, general counsel says

    The company's work to meet Banking Secrecy Act standards serves as a key differentiator in the industry amid FTX's bankruptcy, Yanire Martes says.

    By Lyle Moran • Jan. 27, 2023
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    Deep Dive

    The crypto world is sending mixed signals

    Nearly 2,000 crypto workers have been laid off in 2023, but the value of Bitcoin climbed enough in January for Goldman Sachs to take note.

    By Jan. 27, 2023
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    Mario Tama via Getty Images

    Morgan Stanley claws back bankers’ pay over WhatsApp scandal

    The bank is considering the number of messages sent, the banker’s seniority and whether they received prior warnings in levying penalties ranging from a few thousand dollars to more than $1 million, the Financial Times reported.

    By Jan. 26, 2023
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    Streeter Lecka via Getty Images

    Former BofA CEO-backed fintech launches to match SMBs with lenders

    “What we want to do is to put people that want to lend money together with people who need money. It's not complicated,” said ex-Bank of America CEO Hugh McColl Jr., a founding investor in Foro.

    By Jan. 25, 2023
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    Alex Wong via Getty Images

    Feds seize $150M from Farmington, Silvergate amid FTX probe

    Each of the affected banks has made a marked shift this year: Farmington is exiting the crypto space, and Silvergate has cut 40% of its staff, citing current “economic realities.”

    By Jan. 25, 2023
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    Inside Jenius Bank’s plan to tap the US consumer market

    Japanese giant Sumitomo Mitsui Banking Corp. has invested $150 million in the digital bank, which aims to roll out personal loans, savings and checking accounts within the next 12 to 18 months.

    By Jan. 24, 2023
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    Jack Taylor / Stringer via Getty Images

    Gemini cutting another 10% of staff: report

    The crypto exchange has been affected by Genesis' bankruptcy and the FTX contagion.

    By Jan. 23, 2023
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    Courtesy of Wells Fargo multimedia resources

    Big banks to launch digital wallet operated by Zelle parent: report

    The wallet, which is expected to launch in the second half of the year, aims to compete with PayPal and Apple, sources told The Wall Street Journal. But serious competition may take a while, an analyst said.

    By Jan. 23, 2023
  • An American flag flies in front of the Capital One logo at the bank's headquarters.
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    Win McNamee via Getty Images

    Capital One cuts 1,100 tech jobs

    The cuts affect employees in the bank’s “agile” job family. Responsibilities associated with the eliminated positions will be folded into existing engineering and product manager roles, Capital One said.

    By Jan. 20, 2023
  • Cryptocurrency tokens lying next to a gavel
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    Just_Super via Getty Images

    Crypto lender Nexo to pay $45M in SEC settlement

    Nexo said last month it would cease U.S. operations after hitting a “dead end” in talks with regulators. One of company’s founders Thursday said he is “confident that a clearer regulatory landscape will emerge soon.”

    By Jan. 20, 2023
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    Genesis prepping to file bankruptcy: report

    If the lending arm of Digital Currency Group is unable to come to an agreement with creditor groups, it is poised to become the latest in a series of crypto sector bankruptcies, Bloomberg reported.

    By Jan. 19, 2023
  • Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table
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    Fintech wreckage spells opportunity for bargain-hunting banks

    Following a challenging year for the fintech sector, enterprising banks may be able to acquire startups whose previous valuations put them out of reach in prior years, said Klaros Group’s Jonah Crane.

    By Jan. 18, 2023
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    saiko3p via Getty Images

    CEO of bank software firm Temenos steps down

    Max Chuard’s departure follows a drop in earnings, and comes amid pressure from activist investors who claimed the executive was "far out of his depth."

    By Jan. 17, 2023
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    Jack Taylor / Stringer via Getty Images

    Three Arrows, CoinFlex founders eye new exchange to help FTX victims

    The entrepreneurs aim to raise $25 million for an effort to let depositors transfer claims caught up in bankruptcy for a new token. The exchange’s placeholder name, GTX, saw considerable backlash on Twitter.

    By Jan. 17, 2023