Mortgage industry discovers path to back-office automation

Can mortgage processes get any easier? See how some leaders are transforming their back-office.

Aug. 15, 2019

Capital One's hacker breached more than 30 organizations, prosecutors say

The servers found in Paige Thompson's bedroom held data from the bank and other entities, though the data is not personally identifiable information.

By Samantha Schwartz • Aug. 15, 2019

Explore the Trendline➔

Fintech disruption in the banking industry

There are as many schools of thought on how to disrupt the banking space as there are disruptors.

By Banking Dive staff

Challenger banks ride record wave of venture capital, report shows

The startups raised $649 million from 17 deals in the second quarter of 2019, and year-to-date spending has already surpassed last year's.

By Dan Ennis • Aug. 14, 2019

Venmo adds instant bank transfer feature

In the coming weeks, users will be able to transfer funds to their bank accounts within minutes for a 1% fee.

By Anna Hrushka • Aug. 13, 2019

Five ways AI is empowering customer-facing employees in the financial services industry

Customer experience is becoming the key competitive differentiator in financial services and insurance companies, with AI on the forefront.

Aug. 13, 2019

Banks' use of social media matures, ABA finds

More than 80% of respondents said they "agree" or "strongly agree" that social media are important, up from 76% according to a parallel study the trade association conducted in 2016.

By Anna Hrushka • Aug. 9, 2019

Fintechs lower high-yield interest rates following Fed cut

Despite the drop, Betterment, Wealthfront and digital banks are still offering some of the industry's highest interest rates for savings accounts.

By Anna Hrushka • Aug. 8, 2019

How a Silicon Valley startup is using open banking to fight false declines

Incorrectly flagged or canceled transactions cost the market 10 times the amount credit card fraud does, the CEO of Deep Labs said, citing an Aite Group study.

By Anna Hrushka • Aug. 6, 2019

Fed commits to real-time payments system by 2024

The central bank looks to bring faster transactions to community bank customers and act as a safeguard in a marketplace already served by The Clearing House.

By Dan Ennis • Aug. 6, 2019

Walmart may tap unbanked market with cryptocurrency plan

The retailer filed a patent to develop a cryptocurrency as an end-run around credit card transaction fees.

By Dan Ennis • Aug. 5, 2019

Apple reduces Barclays rewards ahead of Goldman-backed card launch

An interface on Apple's Wallet app will break purchases down into categories to better identify spending behaviors.

By Dan Ennis • Aug. 2, 2019

Capital One breach raises questions about security and cloud-first strategies

If a breach hits a company with technology maturity, how vulnerable are less mature organizations?

By Naomi Eide • Aug. 2, 2019

Why back-office automation is the secret to better banking

The average bank manages 300-800 back-office processes. Automation is easier than you think.

Aug. 1, 2019

Digital bank Green Dot targets broader market with new high-yield savings account

The 3% yield puts it at the top of a market that this year includes efforts from Betterment, Wealthfront and Robinhood.

By Anna Hrushka • July 31, 2019

Capital One breach prompts class-action suits, state AG probes

At least two consumers and three attorneys general initiate action against the bank in the wake of this week's security concerns.

By Dan Ennis • July 31, 2019

5 things to know about Capital One's breach

Even with a detailed disclosure, and a swift arrest, a dark cloud lingers over the bank.

By Samantha Schwartz • July 31, 2019

JPMorgan Chase partners on 5-day boot camp for black entrepreneurs

This style of programming is on the rise as organizations recognize value in concentrated learning for specific audiences and skill sets.

By Riia O'Donnell • July 30, 2019

Capital One breach exposes 106M customers' data

The bank expects the incident to cost it between $100 million and $150 million this year.

By Dan Ennis • July 30, 2019

JPMorgan Chase bets on AI to generate marketing copy

Ads rendered by Persado's software received as much as a 450% lift in click-through rates — more than twice the boost of human-written ads, a pilot program showed.

By Peter Adams • July 30, 2019

Regulators seek clarity over Betterment's traditional banking play

The wealth adviser says its new savings account is insured by the Federal Deposit Insurance Corp. for up to $1 million with an interest rate of 2.69%.

By Anna Hrushka • July 29, 2019

Study, House bill highlight role of rent, utility payments in credit scores

A new bill aims to build credit among low-income people, but a consumer advocate told a House panel Thursday that oversharing of particular data could cause undue harm. 

By Dan Ennis • July 26, 2019

2020 election: Where the candidates stand on banking

Biden running mate Sen. Kamala Harris introduced a bill to give states the authority to enforce their laws against nationally chartered banks. She also negotiated with banks to compensate homeowners after the 2007-08 crisis.

By Banking Dive staff • Updated April 8, 2020

Bank ties, new campaign push Zelle to big gains

The Zelle platform, which is owned by a consortium of the country's largest banks, could see continued growth as more financial institutions adopt the mobile app.

By Anna Hrushka • July 25, 2019

Lawmakers press BB&T, SunTrust execs on merger's impact

Executives defended the proposed $66 billion merger Wednesday, saying the combination will boost the new entity's investment in technology. 

By Anna Hrushka • July 25, 2019

Senators ask Powell why Fed is mulling own real-time payments system

Large banks have invested more than $1 billion in a network, The Clearing House, launched in 2017. But retailers and small banks have raised concerns about the system's cost and reach.

By Dan Ennis • July 23, 2019