Technology: Page 5


  • In this photo illustration, the home page for the OpenAI "ChatGPT" app is displayed on a laptop screen on February 03, 2023 in London, England.
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    Leon Neal via Getty Images
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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 May 10, 2023
  • binance
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    Michael M. Santiago / Staff via Getty Images
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    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 May 10, 2023
  • Phone in hand with 'pay' button showing Explore the Trendline
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    Tero Vesalainen via Getty Images
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    Trendline

    Mobile 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
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    Chris McGrath via Getty Images
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    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 May 9, 2023
  • A sign stands outside the Catawba Indian Reservation in York County, South Carolina.
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    AP Photo /Jeffrey Collins

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    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 May 8, 2023
  • Financier calculating tax
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    Daenin Arnee via Getty Images
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    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
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    Michael M. Santiago via Getty Images
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    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 May 5, 2023
  • Two businesspeople shaking hands
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    metamorworks via Getty Images
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    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 May 3, 2023
  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
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    Win McNamee via Getty Images
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    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
  • Cross River Bank
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    Permission granted by Cross River Bank
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    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 May 1, 2023
  • Cryptocurrency tokens lying next to a gavel
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    Just_Super via Getty Images
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    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 April 27, 2023
  • Vesey Ventures, a firm focused on assisting early stage start-ups
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    Permission granted by Vesey Ventures
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    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 April 26, 2023
  • bitcoin
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    Getty Images/Staff via Getty Images
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    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 April 26, 2023
  • A computer screen is seen with the text: "ChatGPT: Optimizing language models for dialogue"
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    Leon Neal via Getty Images
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    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 April 26, 2023
  • A headshot of Lili co-founder and CEO Lilac Bar David
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    Permission granted by Lili
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    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 April 21, 2023
  • Image of bitcoins.
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    Chris McGrath via Getty Images
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    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 April 20, 2023
  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    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
  • Silicon Valley Bank logo
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    Justin Sullivan via Getty Images
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    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 April 20, 2023
  • machine learning solution-based fintech
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    Permission granted by Stratyfy
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    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 April 19, 2023
  • A stock ticker scrolls behind a Goldman Sachs banner at the stock exchange
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    Chris Hondros via Getty Images
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    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 April 19, 2023
  • A view of the front of the U.S. Capitol building framed by green-leaf trees against a clear blue sky.
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    Permission granted by Dan Zukowski
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    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 April 18, 2023
  • Two Apple iPhone 14 models
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    Courtesy of Apple
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    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 April 18, 2023
  • Sam Bankman-Fried
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    Michael M. Santiago via Getty Images
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    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 April 14, 2023
  • official headshot of Rohit Chopra
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    Courtesy of The Consumer Financial Protection Board.  

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    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 April 12, 2023
  • SVB
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    Justin Sullivan / Staff via Getty Images
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    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 April 11, 2023
  • A security guard at Silicon Valley Bank peers through the front door of the bank branch
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    Justin Sullivan / Staff via Getty Images
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    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