Technology: Page 2


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    Fintechs Blueacorn, Womply added to House panel's PPP probe

    A subcommittee focused on COVID-19's impact seeks documents and information on the companies' fraud prevention measures. The panel made similar requests of Kabbage, BlueVine and others in May.

    By Nov. 24, 2021
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    Dan Kitwood via Getty Images

    Bank regulators to roll out crypto guidance in 2022

    A two-page report doesn't provide many details regarding how banks should navigate digital assets, but regulators said the industry should expect further guidance throughout the next year.

    By Nov. 23, 2021
  • Explore the Trendline
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    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
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    Permission granted by Citigroup

    Citi names crypto team chief, looks to hire 100 more in digital asset effort

    Puneet Singhvi will become the head of digital assets for Citi's institutional clients group Dec. 1, according to an internal memo.

    By Nov. 23, 2021
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    Deep Dive

    Banks, fintechs navigate market's appetite for crypto amid pending regulatory guidance

    From Bitcoin rewards to custody services for digital assets, banks and fintechs are carving out strategies and services tied to crypto as regulators seek to catch up with guidance.

    By Nov. 22, 2021
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    Istock/AzmanJaka

    Sponsored by Backbase

    Re-architect banking around the customer

    Backbase delivers complete, end-to-end solution with the help of Microsoft.

    Nov. 22, 2021
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    Chip Somodevilla via Getty Images

    Fed's Waller warns against bank-only stablecoins

    "While regulations are necessary, they also limit free entry into at least some of the markets in which banks operate," Waller said. "As a result, regulatory oversight can insulate banks from some forms of direct competition."

    By Nov. 18, 2021
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    N26

    German challenger bank N26 to shutter US operations

    Accounts for the fintech's 500,000 U.S. customers will be closed Jan. 11. The company is aiming to expand into more countries in eastern Europe and still plans to launch services in Brazil.

    By Nov. 18, 2021
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    U.S. Bank to buy travel and expense management fintech TravelBank

    After a yearlong partnership, the Minneapolis lender opted to buy the fintech outright, in a deal reportedly worth $200 million.

    By Nov. 17, 2021
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    Column

    Ripple puts SEC on losing end in crypto regulation proposal

    The company said the existing framework can be adapted to fit crypto and touted legislation that would de-emphasize the SEC's role in favor of the CFTC.

    By Nov. 17, 2021
  • LMI lender Oportun to buy digital bank Digit in $213M cash-equity deal

    The deal will result in Digit and Oportun having access to a combined 1.4 million members, to whom both entities plan to cross-sell their products.

    By Nov. 16, 2021
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    Getty

    Connecticut bank, fintech merge with an eye toward digital national bank

    Stamford-based Patriot National Bank will pay $119 million to buy American Challenger Development Corp., a company that had been pursuing a de novo charter, in a deal announced Monday.

    By Nov. 15, 2021
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    BM Technologies to buy Seattle community bank to 'accelerate earnings power'

    The $23 million deal, set to close in the second half of 2022, will allow BM Technologies to supplement fee-based income with net interest income, CEO Luvleen Sidhu said.

    By Nov. 15, 2021
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    Banks outpace other industries in cyber investments, defense strategies: report

    "Still, we view the banking sector as high risk in terms of cybersecurity, because of how attractive it is as a target for many different types of attackers," said Lesley Ritter, a vice president and senior analyst at Moody's.

    By David Jones • Nov. 15, 2021
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    Crypto creeps into the checkout line

    Payments firms are betting on crypto's growth as an asset class to fuel crypto adoption at checkout.

    By Suman Bhattacharyya • Nov. 10, 2021
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    How neobanks are cashing in on the Gen Z market

    While parents' banking habits influence their children, researchers found, the difference in those habits is getting progressively wider.

    By Nov. 10, 2021
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    Hiring tech talent a 'major priority' for Chase, CIO says

    As competition heats up in the hiring space, some large banks are leveraging flexibility in the form of hybrid work schedules and larger salaries.

    By Nov. 8, 2021
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    Permission granted by Current

    Why Current built its core technology in-house

    Curbing the need for a third-party processor helps money move faster, said the fintech's CTO, Trevor Marshall. "When I think of a checking account, I think of a parking lot," he said. "Current is about movement."

    By Suman Bhattacharyya • Nov. 8, 2021
  • Opinion

    Is finance ready for the super-app revolution?

    With a market of specialized fintech offerings and a customer base hungry for streamlined solutions, there's a race to become the provider of all services. The burden lies on the platform provider to deliver an exceptional experience.

    By Kathryn Petralia • Nov. 5, 2021
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    Digital bank Jiko accelerates banking-as-a-service strategy

    The Jiko app is still available for consumers to download, and the company plans to keep enhancing its features, but its main use will serve as a "showroom" for Jiko's technology, CEO Stephane Lintner said.

    By Nov. 4, 2021
  • Regulators to issue policy on crypto, stablecoins, FDIC chair says

    Jelena McWilliams shared details about the interagency "crypto sprint" involving the FDIC, the OCC and the Fed, and said the agencies plan to issue a series of policy statements in the coming months.

    By Oct. 26, 2021
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    Why Green Dot is bullish on brick-and-mortar retail

    CEO Dan Henry said he is confident Green Dot's partnerships with select retailers that are expanding help it fulfill a need for a demographic that still relies heavily on cash.

    By Oct. 26, 2021
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    Mark Wilson via Getty Images

    Pandemic widens mobile's lead as preferred way to bank, survey finds

    About 44% of customers rated mobile the top option since the pandemic began — an 11-point jump from pre-COVID times, according to the ABA. Over that time, in-branch visits fell by the same margin.

    By Oct. 26, 2021
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    Wells Fargo aims to debut revamped mobile app, virtual assistant next year

    The bank's digital user interactions trail JPMorgan and Bank of America. But Wells last year brought onboard an executive who helped develop BofA's Erica.

    By Oct. 25, 2021
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    Vast Bank's new platform aims for the 'crypto curious'

    "Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "And in today's world, that's now digital assets."

    By Oct. 21, 2021
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    Chris Hondros via Getty Images

    Goldman Sachs, AmEx debut cloud-based payments service for corporate clients

    The investment bank is partnering with the world's largest card issuer for businesses in an effort to make payments easier and more efficient for institutional clients.

    By Oct. 20, 2021