Technology: Page 5
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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 -
Binance exec speaks out against US crypto regs
It’s “very difficult” to do business in the U.S. right now, the exchange's chief strategy officer, Patrick Hillmann, said, adding the country is in a “weird place.”
By Gabrielle Saulsbery • May 10, 2023 -
Explore the Trendline➔
Tero Vesalainen via Getty ImagesTrendlineMobile banking trends
The mobile-banking space appears to be changing in real time. Few indicators highlight that as thoroughly as the one-day bank run that sunk Silicon Valley Bank. But so many other factors are at play.
By Banking Dive staff -
US arm of crypto exchange Bittrex files for bankruptcy
The company ceased U.S. operations in April, the same month it was charged by the SEC for allegedly operating an unregistered exchange.
By Gabrielle Saulsbery • May 9, 2023 -
Catawba Indian Nation passes code to woo banks, fintechs
The Catawba Digital Economic Zone hopes to gain regulatory approval for de novo banks to receive charters under the laws of the reservation’s federally recognized land.
By Anna Hrushka • May 8, 2023 -
Sponsored by FedEx Office
How near-site solutions help CTOs manage print needs and free up valuable resources
CTOs are exceptionally vulnerable to aging IT infrastructure, especially when coupled with the elusive goal of reduced spending.
May 8, 2023 -
NY AG proposes landmark crypto bill
Letitia James has come out as a strong proponent of crypto regulations in recent months, suing multiple crypto companies since January.
By Gabrielle Saulsbery • May 5, 2023 -
Savana takes on Woodforest National Bank integration
As the operational layer above the bank’s core, Savana will deploy its software across Woodforest’s call center, back office and branch operations.
By Anna Hrushka • May 3, 2023 -
How Capital One is democratizing machine learning to curb fraud
The bank found opportunities for cross-unit collaboration, using tech to spot potential fraud more efficiently.
By Roberto Torres • May 2, 2023 -
FDIC orders Cross River to correct ‘unsafe’ lending practices
The $9 billion-asset bank, which neither admitted nor denied the charges, is not allowed to enter into any new partnerships with third parties or offer new credit products without the regulator’s approval.
By Anna Hrushka • May 1, 2023 -
FTX to sell derivatives platform LedgerX for $50M
FTX bought LedgerX in October 2021 to expand its regulated futures and options offerings in the U.S.
By Gabrielle Saulsbery • April 27, 2023 -
Former Amex execs raise $78M for early stage fintech fund
Women-led Vesey Ventures, which has already invested in five startups, aims to bridge the gap between companies in need of new technologies and those building them.
By Rajashree Chakravarty • April 26, 2023 -
Binance.US abandons $1.3B Voyager acquisition
It's the second time a deal to buy Voyager has fallen through since it filed for bankruptcy last summer.
By Gabrielle Saulsbery • April 26, 2023 -
Banks’ use of ChatGPT-like AI comes under CFPB’s watch
The agency is examining how generative AI tools could propagate bias or misinformation and create risk in the financial services sector, CFPB Director Rohit Chopra said.
By Anna Hrushka • April 26, 2023 -
Q&A
How neobank Lili streamlines bookkeeping for SMBs
The fintech recently launched Lili Smart, accounting software that helps small-business owners manage their own bookkeeping by categorizing transactions in real time.
By Anna Hrushka • April 21, 2023 -
Regulators at odds on crypto blame for March bank closures
SEC Chair Gary Gensler tied crypto business to bank failures in front of House lawmakers Tuesday. NYDFS's Adrienne Harris countered him the following day.
By Gabrielle Saulsbery • April 20, 2023 -
Citi added 8,000 tech employees in the past year
Tech-related expenses grew 12% over 2022’s first quarter, the bank said. But Citi’s data infrastructure upgrade is “crucial” to addressing the 2020 consent orders against the bank, CFO Mark Mason said last week.
By Matt Ashare • April 20, 2023 -
MUFG hires SVB’s ex-corporate-banking chief, 4 other senior execs
In all, MUFG is adding 20 bankers to its technology, media and telecom unit, in perhaps its most significant U.S. move since it sold its West Coast branch footprint to U.S. Bank last year.
By Dan Ennis • April 20, 2023 -
Inclusive lending fintech Stratyfy raises $10M
The funding will go toward a product that helps lenders detect unfair bias, Stratyfy co-founder and CEO Laura Kornhauser said.
By Rajashree Chakravarty • April 19, 2023 -
Goldman confirms it’s exploring sale of fintech GreenSky
The comments lend more structure to CEO David Solomon’s assertion, at Goldman’s investor day in February, that the bank was “considering strategic alternatives” for its consumer business.
By Anna Hrushka • April 19, 2023 -
Stablecoin regulation draft bill published ahead of hearing
The measure would require stablecoin issuers to have reserves that back the digital assets on an “at least one-to-one basis.”
By Gabrielle Saulsbery • April 18, 2023 -
Goldman, Apple launch savings account with 4.15% APY
Work on the account was announced in October as part of a series of offerings, including a buy now, pay later platform, meant to generate a greater share of the tech company’s revenue from services.
By Rajashree Chakravarty • April 18, 2023 -
FTX has recovered more than $7.3B during bankruptcy
FTX’s chief bankruptcy lawyer said in a Wednesday court hearing that the exchange is considering a reboot, but that it's just one of many options.
By Gabrielle Saulsbery • April 14, 2023 -
CFPB director wants some payments firms labeled systemically important
The bureau's chief, Rohit Chopra, urged users who maintain balances on their digital wallets and money-transfer apps to move that uninsured money to a bank account.
By Anna Hrushka • April 12, 2023 -
Warren, AOC question Circle, BlockFi over SVB ties
The lawmakers wrote 14 depositors, asking whether “mutual backscratching arrangements” encouraged firms to keep large uninsured deposits at Silicon Valley Bank.
By Anna Hrushka • April 11, 2023 -
Ledge seizes on SVB crisis with multi-bank offering
The Israeli finance tech startup decided to expedite the rollout of its new treasury management tool after the collapse of Silicon Valley Bank.
By Alexei Alexis • April 11, 2023