Technology: Page 4
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Sponsored by Vericast
Maximizing acquisition strategies with smarter data: How to take control and drive growth through data-driven insights
Building the right consumer data partnership is a critical aspect of successful acquisition marketing strategies.
June 12, 2023 -
Binance.US to halt USD deposits, withdrawals
The development follows the Securities and Exchange Commission's suit against Binance and its motion to freeze Binance.US assets.
By Gabrielle Saulsbery • June 9, 2023 -
Explore the Trendline➔
ultramarine5 via Getty ImagesTrendlineBank 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 -
Goldman Sachs exec Stephanie Cohen goes on leave
“I have made the decision that taking some time away from work to focus on my family is the best choice,” the Platform Solutions chief wrote in a memo Friday, according to reports.
By Rajashree Chakravarty • June 9, 2023 -
Binance court filings shed light on relationship with failed banks, Gensler
The now-SEC chief offered to serve as a Binance advisor in 2019, Binance's legal team alleges. The filing also details billions of the exchange’s dollars funneled through Silvergate and Signature.
By Gabrielle Saulsbery • June 8, 2023 -
Sponsored by EY
How banks can fix broken FinTech partnership models
Banks that embrace a structured framework to guide strategy development and execution can improve their odds of partnership success.
By Howard Moseson, EY-Parthenon Americas Banking and Capital Markets Strategy Leader & Mohammed Akuma, Senior Director, Strategy – FinTech, EY-Parthenon, Ernst & Young LLP. Contributors: Eric T Court • June 8, 2023 -
Brightflow AI acquires CircleUp fintech
With the deal, Brightflow AI boosts its SMB financial insights tool with CircleUp's Helio insight engine, which tracks 1.6 million consumer brands over 200 data sources.
By Gabrielle Saulsbery • June 7, 2023 -
FTX’s legal team has its hands full
The bankrupt crypto exchange is fighting court battles on multiple fronts, and former CEO Sam Bankman-Fried’s attorneys say the U.S. government is overdue to supply evidence in its case against him.
By Gabrielle Saulsbery • June 7, 2023 -
SEC sues Coinbase as federal crackdown on crypto continues
Coinbase was accused of operating an unregistered national securities exchange, broker and clearing agency. The SEC also took aim at its staking-as-a-service program, a day after suing crypto firm Binance.
By Gabrielle Saulsbery • June 6, 2023 -
SEC charges Binance, CEO Zhao with 13 violations
The regulator alleged high-value U.S. customers were secretly allowed to trade on Binance platforms after the company said otherwise, and that controls allowed customers’ funds to commingle.
By Dan Ennis • June 5, 2023 -
Republicans draft crypto legislation
The discussion draft, which largely addresses how digital assets can be defined as commodities, represents the most significant federal legislative development in the crypto sphere this year.
By Gabrielle Saulsbery • June 5, 2023 -
CBDC ecosystem risks fragmentation, trade group says
A set of common rules and standards, allowing for interoperability between public and private blockchains, would be crucial to building an international system, the Faster Payments Council said.
By Lynne Marek • June 5, 2023 -
Fed issues consent order to Silvergate to ensure wind-down
Silvergate must submit a self-liquidation and wind-down plan within 10 days to the central bank and California’s Department of Financial Protection and Innovation.
By Gabrielle Saulsbery • June 2, 2023 -
TD’s Cowen shuts down crypto unit
Cowen had launched digital asset services in March 2022. An email seen by Bloomberg indicated May 31 was “the last day” for the unit and its 10 employees.
By Gabrielle Saulsbery • June 1, 2023 -
Goldman Sachs’ playbook for keeping innovation alive
The investment bank's technology fellowship program allows engineers to advance into tech leadership roles.
By Matt Ashare • June 1, 2023 -
JPMorgan applies for patent on ChatGPT-like tech for investment advice
"We've recognized the power and opportunity of these tools and are committed to exploring all the ways they can deliver value for the firm,” JPMorgan Chief Information Officer Lori Beer said.
By Dan Ennis • May 26, 2023 -
5 questions on Dave’s in-app moneymaking feature
Making money from surveys isn’t some Craigslist scam. It’s a fintech feature — and Dave CEO Jason Wilk said it’s made members $1 million since December.
By Gabrielle Saulsbery • May 24, 2023 -
Apple’s financial moves could offer lesson for fintechs
The tech giant’s foray into financial services poses a threat and opportunity for fintechs to innovate and grow their digital-first strategy.
By Rajashree Chakravarty • May 24, 2023 -
Fifth Third acquires embedded payments fintech Rize
Acquiring Rize bolsters Fifth Third's existing embedded payments business and adds to its treasury management business, the bank said.
By Gabrielle Saulsbery • May 23, 2023 -
First Citizens sues HSBC over departure of 42 SVB bankers
The North Carolina bank accused a former SVB executive of helping HSBC, his new employer, incite a mass migration of talent and trade-secret information.
By Dan Ennis • May 23, 2023 -
Crypto company offers 6 months of free custody for female-founded firms
Clear regulations will bring more women into the space, Aegis Custody CEO Serra Wei said.
By Gabrielle Saulsbery • May 19, 2023 -
Truist launches its first gamified finance app
The app is the first product of Truist Foundry, the startup within the bank that focuses on creating digital solutions for clients.
By Rajashree Chakravarty • May 18, 2023 -
Ripple buys Swiss crypto custody firm Metaco for $250M
“I think this [deal] will really be a mark of a crypto spring,” Ripple CEO Brad Garlinghouse told CNBC.
By Dan Ennis • May 17, 2023 -
Bank of America launches fintech accelerator program
Participants in Breakthrough Lab — which is offered at no cost — are not expected or required to exchange equity with Bank of America, the bank said.
By Anna Hrushka • May 17, 2023 -
Dave sees profitability within a few quarters
The neobank’s CFO credits AI technology, smart marketing spend and a "good value proposition." Dave’s most popular product, ExtraCash, accounted for roughly 80% of the company’s revenue in the first quarter.
By Gabrielle Saulsbery • May 12, 2023 -
MoneyLion to add ChatGPT-powered search to its marketplace
MoneyLion CEO Dee Choubey believes tools like the popular text generator will eventually become table stakes in the finance sector.
By Anna Hrushka • May 10, 2023