Technology: Page 6


  • Acorns
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    Courtesy of Acorns
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    Acorns targets next generation of customers in GoHenry deal

    A longer-term investing horizon, coupled with calls for increasing financial literacy among teens, make the youth market an attractive target for the investing fintech.

    By April 5, 2023
  • bob lee, cpo of mobilecoin
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    Retrieved from Moby on April 05, 2023
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    Cash App founder stabbed dead, police say

    No arrests have been made in the Tuesday morning death of Bob Lee, the chief product officer at crypto firm MobileCoin, police said.

    By April 5, 2023
  • Bank sign on glass wall of business center Explore the Trendline
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    ultramarine5 via Getty Images
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    Trendline

    Bank and fintech partnerships

    A partnership can be a broad hand-up from a giant bank, a targeted effort to fix a societal issue, or a strategic miscalculation.

    By Banking Dive staff
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    Jack Taylor / Stringer via Getty Images
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    Three Arrows, CoinFlex founders launch OPNX crypto claims trading platform

    The founders said the 20 million crypto bankruptcy claimants worldwide who have to wait years for their funds “deserve better.”

    By April 5, 2023
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    Avosb via Getty Images
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    DOJ, SEC charge Frank founder with fraud

    The agencies allege Charlie Javice inflated her company's customer base to entice JPMorgan Chase into a $175 million acquisition. The bank and Javice sued one another last year.

    By April 4, 2023
  • Paze's logo is displayed on a smart phone.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze

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    Deep Dive

    EWS readies Paze to help banks take on digital wallet market

    Even with the backing of the nation’s largest banks, the platform, set for a June launch, will face adoption and security hurdles, industry experts say.

    By April 3, 2023
  • Large amount of US dollars isolated on a black background.
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    alfexe via Getty Images
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    SavvyMoney helps consumers bolster credit scores, banks bolster loan portfolio

    The integrated credit solution has 1,055 banking partners, and that number "grows daily," its CEO said.

    By March 29, 2023
  • People walk by a branch of Signature Bank.
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    Spencer Platt via Getty Images
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    FDIC tells Signet users to close accounts, so it can sell the platform

    Roughly $4 billion in crypto loans were not included in Flagstar's Signature acquisition. The regulator is asking depositors to move that money by April 5.

    By March 29, 2023
  • A headshot of BM Technologies CEO Luvleen Sidhu
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    Permission granted by BM Technologies
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    BM Technologies taps Raymond James vet as co-CEO

    The fintech appointed Raj Singh, previously an adviser to the company, to strengthen its management team and position itself for the “next phase of growth,” BM Technologies said Monday.

    By March 29, 2023
  • Greenlight's debit card and mobile app are displayed on a white background.
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    Permission granted by Greenlight
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    Greenlight’s new B2B offering brings kid-focused banking to traditional firms

    Over half a dozen firms, including Morgan Stanley, WaFd Bank and Community Financial Credit Union have partnered with the neobank to offer its services to their customers.

    By March 29, 2023
  • binance apps on phone
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    Michael M. Santiago / Staff via Getty Images
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    CFTC sues Binance over compliance ‘evasion’

    The crypto exchange said it would restrict U.S. customers from certain trading but communicated with users on an app set to automatically delete messages, the CFTC alleged.

    By March 28, 2023
  • A sign is posted in front of the Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and w
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    Justin Sullivan via Getty Images
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    Tech vendor risk raises vetting stakes in wake of SVB crisis

    Deposits are safe, but tech startups may no longer have access to venture debt and the lines of credit that helped fuel innovation.

    By Matt Ashare • March 27, 2023
  • Coinbase
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    Courtesy of Coinbase
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    Coinbase faces SEC enforcement action over staking services

    “Coinbase runs a rigorous asset review process and has rejected more than 90% of assets that have applied to be listed on the platform,” CEO Brian Armstrong tweeted Wednesday.

    By March 24, 2023
  • JP Morgan Chase Props Up Ailing Bear Stearns
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    Michael Nagle / Stringer via Getty Images
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    JPMorgan to buy investment analytics fintech Aumni

    The bank did not disclose the value of the deal, set to close by June. But Aumni was worth $232 million after its latest funding round in 2021, according to Pitchbook.

    By March 23, 2023
  • A representation of blockchain technology
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    NicoElNino via Getty Images
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    Apto Payments, Sardine team on anti-fraud tools

    Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

    By Tatiana Walk-Morris • March 22, 2023
  • ftx ceo john ray at house hearing
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    Screenshot, House Financial Services Committee YouTube

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    FTX debtors sue Bahamas arm over ownership claims

    FTX Trading, FTX US and others claim that FTX Digital Markets was merely a “corporate shell.” FTX Digital Markets, meanwhile, claims to be the “constructive owner” of FTX’s assets.

    By March 21, 2023
  • An SVB sign stands outside the bank's headquarters.
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    Justin Sullivan via Getty Images
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    A look at SVB’s new CEO, Tim Mayopoulos

    The former Fannie Mae CEO on Tuesday urged clients who left SVB in the past week to return. The FDIC allegedly has targeted Mayopoulos since 2017 as someone who could steer a seized bank.

    By March 16, 2023
  • Mercury co-founders
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    Permission granted by Mercury
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    Fintechs offer expanded FDIC insurance in wake of SVB failure

    “It is abundantly clear that $250K FDIC insurance is not enough for startups,” Immad Akhund, CEO of neobank Mercury, said after Silicon Valley Bank’s collapse.

    By March 15, 2023
  • People gather outside Silicon Valley Bank.
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    Justin Sullivan via Getty Images
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    Deep Dive

    ‘Meme stock in reverse’: SVB collapse portends new era of viral bank runs

    SVB’s demise gave the banking sector a glimpse into how social media and digital banking can turn a financial institution from operational to insolvent in a matter of hours.

    By March 15, 2023
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    Dan Kitwood via Getty Images
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    Anchorage Digital cuts 20% of staff

    “The need for better crypto infrastructure is growing ever clearer,” the company told Bloomberg amid a seven-day span that has seen the closure of three banks heavily invested in the crypto sector.

    By March 15, 2023
  • Login information attached to large hook hanging in front of computer keyboard.
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    Philip Steury via Getty Images
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    Bank failure panic fuels moment of opportunity for threat actors

    As regulators step in to operate SVB and Signature, threat hunters and security executives warned organizations to look out for malicious activity.

    By Matt Kapko • March 14, 2023
  • A round sign features HSBC's lettering and logo.
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    Matt Cardy/Getty via Getty Images
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    HSBC buys UK arm of SVB for symbolic £1

    “Deposits will be protected, with no taxpayer support,” Jeremy Hunt, Britain’s finance minister, tweeted Monday.

    By March 13, 2023
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    Signature Bank closed by NY regulator

    Business clients pulled deposits Friday after the crumbling of fellow crypto-friendly Silicon Valley Bank. An auction for Signature's assets could begin Monday.

    By March 13, 2023
  • An SVB sign stands outside the bank's headquarters.
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    Justin Sullivan via Getty Images
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    Regulators take over Silicon Valley Bank

    The California Department of Financial Protection and Innovation closed the embattled bank and appointed the FDIC as receiver, regulators said Friday.

    By March 10, 2023
  • cryptocurrency graphic
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    Dan Kitwood via Getty Images
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    Crypto bank Silvergate shuttering operations, liquidating

    The bank was affected by the collapse of FTX and shut down its crypto payments network last week.

    By March 9, 2023
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    ipopba via Getty Images
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    Technology gap puts Black banks at risk: report

    Black banks, which help expand credit to underserved areas, risk losing customers if they continue to fall behind their nonminority peers in terms of digital banking offerings, a researcher said.

    By March 9, 2023