Technology: Page 3


  • The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City.
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    Goldman to cut 400 jobs, end Marcus consumer loans: reports

    The staff cuts would come amid a reorganization that would split Marcus. It also follows reports that the bank is reinstating annual performance reviews, which may guide headcount-reduction decisions.

    By Dec. 13, 2022
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    Fotolia

    CBA: Most consumers want more oversight for crypto, fintech firms

    The trade group’s study saw an age gap. About 46% of baby boomers and 42% of Gen Xers sought higher regulatory standards for the companies, compared with 24% of millennials and 18% of Gen Zers.

    By Dec. 13, 2022
  • 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
  • founder of ftx sam bankman-fried
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    Craig Barritt via Getty Images

    DOJ, SEC charge Sam Bankman-Fried with defrauding investors

    The former FTX CEO, who was arrested Monday in the Bahamas, was supposed to appear in front of the House Financial Services Committee on Tuesday. FTX’s current CEO will testify instead.

    By Dec. 13, 2022
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    Davis Turner/Stringer via Getty Images

    Bank of America wants a human bridge for its AI help

    The bank aims to allow a human agent to pick up from where a customer leaves a chat with digital assistant Erica, but to let the chatbot finish the interaction, an executive said last week.

    By Dec. 12, 2022
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    Dan Kitwood via Getty Images
    Q&A

    Northern Trust predicts a ‘pause’ in the mainstreaming of crypto

    The FTX crisis will prompt "reflection" regarding crypto, an executive said. But Northern Trust still predicts 5% and 10% of its assets under custody will be digital by 2030.

    By Lynne Marek • Dec. 12, 2022
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    Chip Somodevilla via Getty Images

    SEC wants public companies to disclose crypto risks

    Meanwhile, former FTX CEO Sam Bankman-Fried said Friday he would testify Tuesday in front of the House Financial Services Committee.

    By Dec. 9, 2022
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    Alex Wong via Getty Images

    Lawmakers to subpoena Bankman-Fried if he doesn’t testify on FTX collapse

    Sens. Elizabeth Warren, D-MA, and Tina Smith, D-MN, penned a letter to regulators concerning bank-crypto connections, as another FTX investigation begins.

    By Dec. 8, 2022
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    Nexo to exit US market after regulator talks hit dead end

    The U.K. crypto lender was reportedly in talks with regulators for 18 months to comply with U.S. financial laws.

    By Dec. 6, 2022
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    Jack Taylor / Stringer via Getty Images

    International crypto exchanges Bybit, Swyftx see steep staff cuts

    The Dubai- and Australia-based companies lack direct exposure to FTX but are feeling the effect of broader market challenges, slashing 30% and 40% of their workforces, respectively.

    By Dec. 6, 2022
  • A Wells Fargo flag flies in front of a Wells Fargo bank branch.
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    Justin Sullivan via Getty Images

    Wells Fargo launches new commercial banking platform

    Vantage replaces the bank’s two-decade-old Commercial Electronic Office Portal and aims to bring a "consumer-like experience" to Wells' commercial and corporate clients, an executive said.

    By Dec. 5, 2022
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    10 top reads from Banking Dive

    If you're new, welcome. Here's a chance to catch up on some of our best work.

    By Dec. 4, 2022
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    Dan Kitwood via Getty Images

    NYDFS proposes charging crypto businesses for supervision

    The fees, up for two comment periods, would help the agency “continue adding top talent to its virtual currency regulatory team,” NYDFS said Thursday.

    By Dec. 2, 2022
  • sam bankman-fried
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    Alex Wong via Getty Images

    FTX ex-CEO says he ‘unknowingly commingled funds’

    In his first public appearance since his former company's collapse, Sam Bankman-Fried said he doesn’t think he has criminal liability, but what happens with him is “not the important part.”

    By Dec. 1, 2022
  • bitcoin
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    Getty Images/Staff via Getty Images

    Kraken cuts workforce by 1,100 people

    Thousands of crypto jobs have vanished in 2022 as a result of the ongoing crypto winter, and the Kraken team is back to the size it was a year ago.

    By Nov. 30, 2022
  • Novo
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    Novo grows customizable small-business banking platform, eyes lending

    The fintech, which raised $35 million from GGV Capital last week, announced a new partnership Wednesday with LegalZoom to provide entity formation services to Novo customers.

    By Nov. 30, 2022
  • Cryptocurrency tokens lying next to a gavel
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    Just_Super via Getty Images

    BlockFi sues Bankman-Fried’s holding company

    The lawsuit, to recover shares in Robinhood, came the same day BlockFi filed for Chapter 11 bankruptcy protection, in part because of its exposure to FTX, which Bankman-Fried founded.

    By Nov. 29, 2022
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    Chip Somodevilla via Getty Images

    Kraken settles with Treasury Department for $362K

    The platform avoided the maximum penalty of $272 million because it self-reported, the Office of Foreign Assets Control said.

    By Nov. 29, 2022
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    Dan Kitwood/Getty Images News via Getty Images

    BlockFi files for bankruptcy amid FTX contagion

    The crypto lender has initiated a cost-cutting plan that involves “major layoffs,” according to Decrypt. Monday’s announcement follows earlier rumors that the company had been mulling bankruptcy.

    By Nov. 28, 2022
  • Cryptocurrency tokens lying next to a gavel
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    Just_Super via Getty Images

    State regulators probe Genesis for securities violations

    Regulators are investigating whether the company influenced residents to invest in crypto securities through its platform without having the right registrations, an Alabama official said.

    By Nov. 28, 2022
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    Sponsored by ServiceNow

    Why banks need hyperautomation now more than ever

    Worries about recession, the need to drive cost down and a desire to accelerate risk initiatives has many banks thinking hard about how to seize the benefits of hyperautomation quickly and efficiently.

    Nov. 28, 2022
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    sefa ozel via Getty Images

    Regulatory challenges more prominent in eyes of fintech industry leaders this year

    Private firms are adopting a more defensive posture, delaying new funding rounds, planning for modest growth and addressing regulatory risks, according to a report.

    By Nov. 23, 2022
  • Bobby Matson, CEO of Payitoff
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    Q&A

    Payitoff CEO, spouse became ‘walking testimonial’ for student debt management

    “If I'm in a bank, I would want to learn everything I could from these fintechs, whether it's partnering with them, buying them ... because everything's on discount,” CEO Bobby Matson said.

    By Nov. 23, 2022
  • Person walking by Chase bank building
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    Spencer Platt via Getty Images

    JPMorgan’s crypto wallet trademark is approved

    The green light comes more than two years after the bank submitted paperwork to the U.S. Patent and Trademark Office, and runs counter to CEO Jamie Dimon’s opinion on virtual currencies.

    By Nov. 22, 2022
  • A finger presses the shut down button on a laptop.
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    Neobank GloriFi shuts down following turbulent launch

    The Dallas-based fintech attributed the shutdown to “startup mistakes, reputation attacks, the declining economy, and multiple negative media stories.”  

    By Nov. 22, 2022
  • founder of ftx sam bankman-fried
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    Craig Barritt via Getty Images

    FTX owes more than $3 billion to its top 50 creditors

    The bankrupt crypto exchange has launched a strategic review of global assets to prepare for the sale or reorganization of some businesses.

    By Nov. 21, 2022