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➔

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

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

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

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