Truist seeks more time to reach $1.6B post-merger net savings goal

The nation's sixth-largest bank reported a 7% decrease in net income in its first earnings call after the merger of BB&T and SunTrust.

By Anna Hrushka • Jan. 31, 2020

JPMorgan Chase plans to cut hundreds of jobs in consumer division

Reductions at the nation's largest bank could indicate last year's trend is spilling over into 2020, as financial institutions pare their workforce to adapt to digital banking and global uncertainty.

By Anna Hrushka • Jan. 29, 2020

Explore the Trendline➔

The 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

Zelle reports adding 100 financial institutions last quarter

Year-over-year payment values on the P2P platform increased by 57%, while transaction volume jumped 72%, network operator Early Warning Systems reported Tuesday.

By Anna Hrushka • Jan. 28, 2020

Industry-led groups are only the 1st step to open banking

U.S. policymakers must make financial data sharing more fair and transparent if they want Americans to have the same access to fintech tools as other people, a Financial Data and Technology Association executive writes.

By Steve Boms • Jan. 27, 2020

N26 gains 250K US customers in 5 months

The Berlin-based startup also reported it surpassed 5 million customers globally, a 43% jump from the 3.5 million users it reported last summer.

By Anna Hrushka • Jan. 27, 2020

Morgan Stanley muscles in on traditional bank accounts with CashPlus

The shift in strategy comes after the investment bank announced it's cutting 1,500 jobs and reducing bonuses.

By Dan Ennis • Jan. 24, 2020

The Clearing House quadruples single real-time payment limit to $100K

The move is meant to boost the network's attractiveness in comparison to those with a $25,000 ceiling operated by ACH or the Federal Reserve.

By Dan Ennis • Jan. 23, 2020

Vodafone quits Facebook's Libra, doubles down on M-Pesa

The British telecommunications conglomerate wants to expand the mobile payments app beyond its mostly African base to better serve the underbanked.

By Dan Ennis • Jan. 22, 2020

Trust should be the foundation in democratization of data, CEO says

"People are driving their financial lives with the equivalent of a semi truck at 80 mph all across this country," said Ryan Caldwell, CEO of MX. "[Banks] have the ability to put data collection around that vehicle and guide people to safety."

By Kate Patrick Macri • Jan. 21, 2020

Mobile wallets let local markets leapfrog card payments

Fintech innovations have enabled many countries to skip over certain payment methods in their financial evolution, writes Steve Villegas, a vice president at PPRO.

By Steve Villegas • Jan. 21, 2020

Visa's Plaid deal pushes open banking, third-party security to forefront

The $5.3 billion acquisition may spur more fintech-on-fintech M&A, but the crux may lie in the card network's desire to stay relevant, analysts say.

By Anna Hrushka • Jan. 17, 2020

Ex-CFTC chairman 'Crypto Dad' launches digital dollar think tank

Converting to electronic currency could bolster anti-money laundering and protect the dollar's dominance from foreign and corporate digital efforts. But it may prove a death knell for financial privacy.

By Dan Ennis • Jan. 17, 2020

JPMorgan's record earnings buoyed by strong trading unit

The bank's corporate and investment bank generated record Q4 revenue, rebounding from what CEO Jamie Dimon called "a challenging prior year."

By Anna Hrushka • Jan. 14, 2020

Dropping 'digital' from digital banking: 5 trends for 2020

Tech companies that want to bank could have a breakout year. Meanwhile, businesses will continue to go paperless, people cashless, and banking-as-a-service will court greater buy-in, a Mastercard executive writes.

By Jeff Hindle • Jan. 13, 2020

Travelex puts itself up for sale 4 months after hack

Parent company Finablr revealed it held about $1 billion in debt that it hadn't disclosed to its board.

By Dan Ennis • Updated June 7, 2020

Visa, Mastercard hold fast to gas stations' chip-card deadline

Fuel retailers were given an extra five years to upgrade to EMV technology, but 70% of convenience store owners in a survey said they still haven't done so.

By Dan Ennis • Jan. 8, 2020

Banks to tighten third-party data access in 2020, experts say

Following recent moves by PNC and JPMorgan Chase, expect to see a "snowball effect" as financial institutions aim to boost security and control of personal information.

By Anna Hrushka • Jan. 7, 2020

Citi wants to hire 2,500 coders in trading, investment banking

Goldman Sachs and JPMorgan Chase made similar advances last year; the former hiring 100 engineers on the trading floor, while a handful of JPMorgan coders were approved to trade cash equities.

By Dan Ennis • Jan. 6, 2020

BBVA sets sights on Amazon with new pilot project

"The bank's intention is to move into offering banking products on the platform — an idea still to be fully explored," BBVA's Cristóbal Baeza said in a blog post.

By Anna Hrushka • Jan. 3, 2020

Banks cut nearly 78K jobs in 2019, a 4-year high

More than 80% of the cuts were concentrated in Europe, where negative interest rates and trade disputes are taking a toll. Deutsche Bank and HSBC account for more than 30,000 of the losses.

By Dan Ennis • Jan. 2, 2020

JPMorgan Chase to ban fintechs from accessing customer passwords

The U.S.'s largest bank said it plans to issue tokens for access to a limited amount of data in a secure form, and is also working toward getting customers' passwords "out of the system."

By Anna Hrushka • Jan. 2, 2020

Banks' biometrics efforts raise questions amid bias study, data breach

Barclays, Bank of America and Wells Fargo have all instituted some form of fingerprint, voice or eye-centered security measures, but a lack of clear guidelines could leave consumers' data vulnerable.

By Kate Patrick • Dec. 23, 2019

Federal Reserve probes disruption of ACH payment network

It remains unclear how many banks were affected by processing delays over two days in mid-December. The cause was not immediately apparent.

By Dan Ennis • Dec. 20, 2019

Green Dot CEO Steve Streit stepping down Dec. 31 amid C-suite shakeup

The share price at the legacy prepaid-card company has plummeted 60% since May, but the longtime leader expressed a reluctance to let go at a panel discussion this fall.

By Dan Ennis • Dec. 19, 2019

Banking automation's potential can unlock more than $70B in value by 2025

AI enables human employees to focus on creating better personal experience, Accenture found, reinforcing BNY Mellon and JPMorgan Chase's strategies to ramp up tech spend.

By Dan Ennis • Dec. 17, 2019