Technology: Page 2

Column

Walmart, NYCB show 2 ways to angle for blockchain expertise

The retailer posted a job description for a crypto product lead, while New York Community Bank partnered with fintech Figure.

By Dan Ennis • Aug. 17, 2021

Bipartisan bill would expand SBA loan program to include fintech lenders

"You shouldn’t need a big bank to get an SBA loan," said Sen. John Hickenlooper, D-CO, who introduced the legislation alongside Sen. Tim Scott, R-SC, on Wednesday.

By Anna Hrushka • Aug. 13, 2021

Explore the Trendline➔

Trendline

Fintech disruption in the banking industry

There are as many schools of thought on how to disrupt the banking space as there are disruptors.

By Banking Dive staff

Citi seeks to pair banks and small businesses

Citi aims to strengthen relationships with smaller banking institutions and improve access to capital for businesses.

By Robin Bradley • Aug. 12, 2021

Revolut readies for US growth with marketing push, product expansions

Since launching quietly stateside last year, the fintech has rolled out a small-business banking product, applied for a bank charter, and has begun offering remittances between the U.S. and Mexico.

By Anna Hrushka • Aug. 11, 2021

Ex-OCC chief Brooks resigns as Binance.US CEO

The former regulator, who had led the company just three months, cited "differences in strategic direction" in a Twitter post. Binance faces scrutiny from several U.S. bodies, including the CFTC, Justice Department and IRS.

By Robin Bradley • Aug. 09, 2021

Chase study highlights growing popularity of digital banking

The COVID-19 pandemic has increased consumers' reliance on mobile banking tools to manage their savings.

By Robin Bradley • Aug. 05, 2021

Inside MoneyLion's quest to become a financial 'super app'

The neobank is diversifying its revenue sources and aiming to boost engagement frequency to transcend beyond finance to "life transactions."

By Suman Bhattacharyya • Aug. 02, 2021

7 big banks sign on for SWIFT's low-value cross-border offering

The product lets small businesses and individuals send payments of less than $10,000 internationally, giving the network a potential foothold in a fintech-filled remittance space.

By Robin Bradley • July 30, 2021

SBA launches streamlined PPP forgiveness portal

The agency said more than 600 banks have opted in to the program, representing 30% of loans $150,000 or less that have not yet applied for forgiveness. The portal will begin accepting applications Aug. 4.

By Anna Hrushka • July 28, 2021

Column

Stablecoin meeting's focus finally comes to light

Tether and Diem were reportedly the focus of last week's "act-quickly" directive. The Justice Department is allegedly probing whether executives behind Tether hid from banks that transactions were linked to cryptocurrency.

By Dan Ennis • July 28, 2021

Opinion

A new leaf for the bank branch

A café might be a reason to visit a bank branch. But a customer journey map would let banks see how customers interact with digital channels outside the branch and inform digital-first branch remodeling.

By Mohamed Abdelsadek • July 26, 2021

Plaid taps former bank execs to help reach data-sharing goal

The company's mission to forge stronger relationships with banks and increase its API traffic comes amid a sometimes less-than-amicable interplay between data aggregators and financial institutions.

By Anna Hrushka • July 23, 2021

Crypto firm hires ex-CFPB chief Kraninger

She'll serve as vice president of regulatory affairs at Solidus Labs. The digital asset space has become a frequent landing spot for former regulators, including ex-Acting Comptroller Brian Brooks.

By Dan Ennis • July 23, 2021

Neobank HMBradley shifts to invite-only, seeks more partner banks

The fintech has accepted more than $400 million in deposits since its 2019 launch and has seen a 300% increase in deposits since January, leading its partner to pump the brakes, its CEO said.

By Anna Hrushka • July 22, 2021

NJ, Texas order BlockFi to stop offering interest accounts

A third state, Alabama, gave the crypto exchange 28 days to show why it should be allowed to keep selling the product to state residents. At issue is whether the offering is a security.

By Dan Ennis • UPDATED: July 23, 2021 at 11:44 a.m.

Cambridge Savings Bank launches digital bank to expand national reach

The Massachusetts-based bank said its "Ivy Bank" platform has been in the works for the past two years and will aim to compete with other digital-only banks in the marketplace.

By Anna Hrushka • July 19, 2021

Remote work offers test for banks amid 40-fold surge in malicious cyber activity

Incidents of phishing, malware and ransomware jumped from 5,000 per week before the pandemic to 200,000 per week in April 2021, the Financial Stability Board found in a report last week.

By David Jones • July 19, 2021

Sponsored by Early Warning Services

How financial institutions can stay ahead of fraud during account openings

As digital account openings become more common in this age of digital transformation, financial institutions face increasing pressure to detect fraudulent activity at the point of onboarding.

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The frictionless customer journey in banking starts with text messaging

Find out how to create the frictionless digital banking experience customers now expect.

Deep Dive // Overdraft alternatives

Rethinking overdraft

While many stakeholders would agree banks need to revamp the fee-based model, it remains to be seen whether change will come through legislation or the market.

By Anna Hrushka • July 12, 2021

Morgan Stanley falls prey to lingering effects of Accellion breach

Data from the bank was compromised through the vendor of a vendor, a hallmark of difficult-to-prevent — and increasingly popular — supply chain security incidents.

By Naomi Eide • July 12, 2021

Bank of America becomes last US SIFI to make crypto push

The bank formed a team to research digital assets and related technology, but BofA's relative emphasis on the retail side and lack of well-publicized gaffes may leave it less dependent on a new stream.

By Dan Ennis • July 09, 2021

Biden executive orders target bank mergers, financial data sharing

One measure requires the Justice Department and bank regulators to update guidelines to boost merger scrutiny, while another encourages the CFPB to issue rules giving customers greater access to their financial data.

By Anna Hrushka • July 09, 2021

At JPMorgan Chase, IT focuses on the end user

Technology's business value elevated CIOs to strategic partners, pushing them to take a more customer-centric view of tech implementation.

By Katie Malone • July 09, 2021

Chime customers file hundreds of CFPB complaints over locked accounts: report

In an attempt to root out fraud related to government-backed pandemic aid, the fintech may have inadvertently closed hundreds of legitimate customer accounts, ProPublica reported Tuesday.

By Anna Hrushka • July 07, 2021