Technology: Page 49
-
Brex lays off 62 employees amid 'restructuring'
"Three months in, it's clear that the impact of COVID-19 won't be short-lived," Brex's co-founders wrote in a blog post. "We know that the pace of growth won't be what we expected for the foreseeable future."
By Anna Hrushka • June 1, 2020 -
Column
Goldman takes a swipe at crypto, but maybe they're better off apart
As its cash management business booms, the investment bank calls bitcoin's volatility "unsuitable" for its clients. Meanwhile, the crypto exchange Gemini finds a suitor in Samsung.
By Dan Ennis • May 28, 2020 -
Explore the Trendline➔
wildpixel via Getty Images
TrendlineThe Banking Dive Outlook on 2022
Some narratives in 2022, such as office returns, will seem like a logical progression from the year before. Others, such as the regulatory sphere and shift toward smaller M&A, may mark a big shift from the previous 12 months.
By Banking Dive staff -
Why BFS Capital chose to sit out PPP
Concerns about back-end liquidity and sudden changes to the SBA's loan program pushed the company to focus on a pivot to incorporate real-time changes to lending criteria.
By Hillary Richard • May 26, 2020 -
Shopify to launch banking services this year for merchants
The Canadian e-commerce company is also rolling out Shop Pay Installments, a buy-now, pay-later option at checkout that will let customers split purchases into four equal payments over time.
By Tatiana Walk-Morris • May 22, 2020 -
Permission granted by Plaid
Plaid Exchange aims to level the API playing field for banks
"The last thing we would want is a future where the digital options for customers of Wall Street banks are different from the digital options of the customers of Main Street banks," said John Pitts, Plaid's head of policy.
By Anna Hrushka • May 19, 2020 -
Remitly partners with Cross River Bank to speed up cross-border payments
As the coronavirus limits access to brick-and-mortar locations across the globe, the digital remittance company's CEO says the deal gives its customers more choices to send money internationally.
By Anna Hrushka • May 14, 2020 -
Telegram scraps crypto project amid court battle with SEC
The encrypted messaging app has agreed to pay $18.5 million and return $1.2 billion to investors as part of a settlement with the Securities and Exchange Commission.
By Dan Ennis • Updated June 30, 2020 -
JPMorgan extends banking services to crypto exchanges Coinbase, Gemini
The nation's largest bank continues to warm up to crypto technology, despite CEO Jamie Dimon's historic position as an outspoken bitcoin detractor.
By Dan Ennis • May 12, 2020 -
Courtesy of Samsung
Samsung to launch US debit card this summer with SoFi
The South Korean company joins competitors Apple and Google, as more tech giants announce plans to offer banklike products.
By Anna Hrushka • May 11, 2020 -
Do bank branches have a future? Pandemic reveals ultimate 'A/B test'
Many customers turned to digital options once banks began temporarily closing branches in March. Most may not be missing the trip.
By Anna Hrushka • May 6, 2020 -
Chen Nergal, © Hyper Labs, Inc.
Sponsored by HyperscienceIt's time to take control of our digital future
Enterprises are turning to automation to become faster and more responsive, but not all solutions are made alike.
May 5, 2020 -
Capital One hires away Goldman's CISO to help with breach response
Goldman hired a former Morgan Stanley exec as its next permanent CISO. Twenty-year bank veteran Phil Venables, who served as Goldman's interim CISO, is headed to Google Cloud.
By Dan Ennis • Updated Dec. 18, 2020 -
Permission granted by GoCardless
How GoCardless's CFO preserves long-term ambition amid pandemic
The London-based fintech prioritizes reducing non-headcount spend as the coronavirus shifts executives' focus from growth to cost control.
By Jane Thier • May 1, 2020 -
More than half of US consumers paying contactless, Mastercard finds
Banks such as HSBC, JPMorgan Chase and Bank of America have ramped up their efforts to push consumers toward tap-and-go technology. The coronavirus may prove the catalyst for behavioral shift.
By Dan Ennis • April 30, 2020 -
Credit union trade group questions PPP's batch processing system
The 5,000 minimum required to submit loans in batches is too high to benefit smaller lenders like credit unions, CUNA Chief Advocacy Officer Ryan Donovan told Banking Dive.
By Anna Hrushka • April 29, 2020 -
Column
Day 1 of PPP's Round 2 didn't bring the refresh bankers wanted
Technical glitches and overwhelming demand again took down the SBA's loan processing system, as lenders ponder all-nighters, equality and copious screen-checking.
By Dan Ennis • April 28, 2020 -
Westend61 via Getty Images
Sponsored by Bold360COVID-19: How to empower financial services with four steps for a seamless CX across channels
The crisis has disrupted the way customers access financial services. Harness organizational agility to future-proof your operations with these crucial steps.
By Nicole Lawler, Manager of Customer Experience Technologies at LogMeIn • April 28, 2020 -
Lenders get 2nd chance to correct PPP flaws
Despite some negative press, the first rollout of the SBA program has let some banks prove they can help their customers even in the worst of times, said David Zaring, a Wharton professor of legal studies and business ethics.
By Anna Hrushka • April 27, 2020 -
Rawpixel.com/Shutterstock.com
Sponsored by TrackViaSpreadsheets costing mortgage providers more than they realize
IT leaders discover a cost-effective way to take full advantage of automating back-office processes.
April 27, 2020 -
Courtesy of Monzo press kit
Monzo applies for US banking license
The British digital bank, which is furloughing up to 295 U.K. employees and closing a Las Vegas office, told the OCC it expects most of the disruption from the coronavirus pandemic to have subsided by its launch date.
By Anna Hrushka • April 23, 2020 -
Mastercard turns brand-building effort toward streaming as consumers stay home
"The brand has to be visible. We cannot go dark," Chief Marketing Officer Raja Rajamannar said. "But the time is not to sell, this is a time to serve."
By Peter Adams • April 23, 2020 -
Moven's lean toward B2B was part reach, part mission, CEO says
"Part of our original vision ... was to improve the lives of tens of millions of consumers, so that becomes a more critical imperative for us ... versus what type of a business model we have," Moven CEO Marek Forysiak said.
By Kate Patrick Macri • April 23, 2020 -
$60B carveout for small lenders doesn't solve PPP's problems, fintech exec says
The set-aside should have taken into account the size of loan, not the bank, Funding Circle's Ryan Metcalf told Banking Dive.
By Anna Hrushka • April 23, 2020 -
Betterment launches checking, savings accounts
The robo-adviser has seen signups grow, even in the worst weeks of the coronavirus pandemic, CEO Jon Stein said.
By Anna Hrushka • April 22, 2020 -
OlyaSolodenko/iStock via Getty Images
'Hours matter' as fintechs angle for new wave of PPP money
Nonbank lenders are better positioned this time, but the new infusion may last only a couple days, a trade group leader says.
By Anna Hrushka • April 21, 2020
Previous
