Technology: Page 2


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    Dan Kitwood via Getty Images
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    Bittrex settles with SEC for $24M

    The bankrupt crypto exchange, its former CEO, and Bittrex’s foreign affiliate paid to settle charges, without admission of guilt, of operating an unregistered national securities exchange.

    By Aug. 11, 2023
  • Exterior of the Federal Reserve building in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    New Fed unit to supervise crypto, nonbank partnerships

    The central bank clarified that any state bank it supervises must get the regulator’s green light before issuing, holding or transacting in dollar tokens, such as stablecoins, to facilitate payments.

    By Aug. 9, 2023
  • Bank sign on glass wall of business center Explore the Trendline
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    ultramarine5 via Getty Images
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    Trendline

    Bank and fintech partnerships

    A partnership can be a broad hand-up from a giant bank, a targeted effort to fix a societal issue, or a strategic miscalculation.

    By Banking Dive staff
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    Courtesy of Coinbase
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    Coinbase asks judge to dismiss SEC suit

    Citing a separate ruling involving Ripple, Coinbase's chief legal officer said the SEC “has trampled the strict boundaries on its basic authority."

    By Aug. 4, 2023
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    Drazen Zigic via Getty Images
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    Banks look beyond mobile-platform adoption, aim to boost UX

    Curbing dropoff rates and optimizing user experience flow is a higher priority than incorporating as many bells and whistles as possible, executives said.

    By Aug. 4, 2023
  • Abstract blockchain technology concept. Internet security. Isometric digital cube connection background.
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    TU IS
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    Figure withdraws bank charter application

    The blockchain startup applied for a charter in 2020, then included plans to seek deposit insurance after the Conference of State Bank Supervisors sued.

    By Aug. 2, 2023
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    Courtesy of State Street
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    State Street’s global head of digital custody is leaving

    “Sometimes the want for a little time off turns into a need for a bigger change,” Swen Werner said in a LinkedIn post. Werner is at least the second digital-focused exec to leave State Street this year.

    By Aug. 2, 2023
  • This is the cover image for the podcast series Igniting organic growth and driving customer value in banking.
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    Alyssa Eckel-Martin/Banking Dive
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    Sponsored by EY Banking and Capital Markets

    [Podcast] Igniting organic growth and driving customer value in banking

    This podcast explains how leading banks utilize data to enhance customer understanding and drive organic growth. Discover valuable insights from EY Global's research on consumer preferences and learn from the strategies of Bank of America and Citizens Financial Group.

    By Banking Dive's studioID • July 31, 2023
  • Woman paying contactless with mobile phone in cafe
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    Adobestock / cherryandbees

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    Sponsored by EY

    Alternative payment methods – a proven payments imperative

    To stave off competition and satisfy customer demand, payment providers need to act now on their alternative payment methods strategy.

    July 31, 2023
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    Pascal Le Segretain via Getty Images
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    BNP Paribas may be next to settle WhatsApp probes by SEC, CFTC

    The French bank has reached "proposed resolutions" with the regulators. And it disclosed that it set aside €125 million for litigation. But the bank declined to say whether the two moves were related.

    By July 28, 2023
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    Dan Kitwood via Getty Images
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    Wyoming looks to hire stablecoin chief

    The role comes with a paycheck $10,000 higher than that of Gov. Mark Gordon, who allowed the stablecoin bill to pass without his signature in March.

    By July 27, 2023
  • Fintech electronic banking mobile network technology
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    alexsl via Getty Images
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    Fintech trade group grows educational arm

    The American Fintech Council is partnering with professional services firm FORVIS to offer compliance and training opportunities aimed at improving the fintech ecosystem, AFC CEO Phil Goldfeder said.

    By July 26, 2023
  • Binance CEO Changpeng Zhao on stage
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    The image by Piaras Ó Mídheach/Web Summit via Sportsfile is licensed under CC BY 2.0
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    Binance seeks dismissal of CFTC suit

    A Monday court document shows Binance's intention to shut down a CFTC suit claiming it violated certain regulations.

    By July 25, 2023
  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
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    Viorika via Getty Images
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    6 ways FedNow may affect businesses’ cash flow

    CFOs may need to lean on their banks for guidance to help them understand the implications of the new real-time payments system.

    By July 24, 2023
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    Alex Wong via Getty Images
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    FTX sues Bankman-Fried, former execs for more than $1B

    The company accused its former CEO and three ex-executives of misappropriating funds to buy luxury condominiums and make speculative investments and political contributions.

    By July 21, 2023
  • A Woman in Plaid Blazer Using Her Laptop
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    Photo by Tima Miroshnichenko from Pexels

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    Q&A

    Clair CEO welcomes on-demand pay regulation

    Clair CEO Nico Simko weighed in on whether EWA is a payday loan and how the company offers fee-free wage access.

    By James Pothen • July 20, 2023
  • Small wooden box swag from Fed with FedNow logo.
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    Lynne Marek/Banking Dive
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    FedNow goes live for banks, credit unions

    The Fed’s long-awaited instant payments system stands to give consumers and businesses a new route for speedier transactions.

    By Lynne Marek • July 20, 2023
  • Michael Barr
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    Win McNamee via Getty Images
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    Barr acknowledges AI’s promise but warns of bias risk

    The red flag is one of five takeaways from a speech Tuesday in which the regulator also touched on the status of the multiagency CRA revamp.

    By July 18, 2023
  • CFPB, European regulator open a dialogue on digital rules

    Buy now, pay later platforms, artificial intelligence and other developments “if left unchecked, could increase consumers’ exposure to fraud and manipulation,” the regulators said Monday.

    By July 18, 2023
  • futuristic digitally generated human head with half of face having wiring under the skin
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    Devrimb via Getty Images
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    Gensler sees companies with AI gaining clout over consumers

    The SEC chief warned that the handful of companies leading AI innovation may come to dominate the market.

    By Jim Tyson • July 17, 2023
  • binance apps on phone
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    Michael M. Santiago / Staff via Getty Images
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    Binance lays off at least 1,000: reports

    The company told employees last month that it would stop offering certain benefits, according to The Wall Street Journal. CEO Changpeng Zhao said there could be additional layoffs every three to six months.

    By July 17, 2023
  • Someone typing on a laptop keyboard with digital graph and pie chart icons
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    shutterstock/NicoEINino

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    Sponsored by Riverbed

    How do you reduce your IT costs?

    In this blog, we’ll provide three tips on reducing your IT costs: how to identify the right devices to upgrade, the importance of IT budgeting and an IT cost reduction checklist.

    By Jackson Connell • July 17, 2023
  • Wooden brown judge gavel on the table, with an book opened and blurred in the background.
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    nathaphat/iStock via Getty Images
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    Ripple, SEC each get a partial win in XRP ruling

    The crypto firm’s token is a security when it’s sold to institutional investors but not to the general public, a judge ruled Thursday, adding that a jury must decide whether Ripple execs helped the company violate the law.

    By July 14, 2023
  • Apple CEO Tim Cook announces the new iPhone 11
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    Justin Sullivan/Getty Images via Getty Images
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    Apple debuts recurring payments

    The tech giant, now valued at $3 trillion, is continuing to expand its financial offerings after debuting a buy now, pay later feature and a savings account earlier this year.

    By James Pothen • July 14, 2023
  • alex mashinsky former celsius ceo
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    The image by Piaras Ó Mídheach/Web Summit via Sportsfile is licensed under CC BY 2.0
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    Celsius ex-CEO charged with fraud as FTC reaches $4.7B settlement

    Prosecutors allege Alex Mashinsky misrepresented the crypto exchange's safety, profitability and risk appetite. Celsius' chief risk officer also was arrested, and three federal agencies filed lawsuits.

    By July 13, 2023
  • Hand with a stack of hundred US dollars bills, close up
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    Vadym Petrochenko via Getty Images
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    Jenius Bank debuts personal loan product

    The launch of a consumer loan product is “phase 1” of Jenius’ strategy to grab a chunk of the U.S. digital banking market, CEO John Rosenfeld said.

    By July 13, 2023