Technology


  • J.P. Morgan's Fourth Quarter Income Drops Over 30 Percent
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    Chris Hondros / Staff via Getty Images
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    JPMorgan applies for patent on ChatGPT-like tech for investment advice

    "We've recognized the power and opportunity of these tools and are committed to exploring all the ways they can deliver value for the firm,” JPMorgan Chief Technology Officer Lori Beer said.

    By May 26, 2023
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    5 questions on Dave’s in-app moneymaking feature

    Making money from surveys isn’t some Craigslist scam. It’s a fintech feature — and Dave CEO Jason Wilk said it’s made members $1 million since December.

    By May 24, 2023
  • Trendline

    Customer service

    Banks and fintechs have a choice when looking to grow: Identify a new customer segment and expand services, or drill down and better serve the clients they have.

    By Banking Dive staff
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    Courtesy of Apple
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    Apple’s financial moves could offer lesson for fintechs

    The tech giant’s foray into financial services poses a threat and opportunity for fintechs to innovate and grow their digital-first strategy.

    By May 24, 2023
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    Mark Lyons via Getty Images
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    Fifth Third acquires embedded payments fintech Rize

    Acquiring Rize bolsters Fifth Third's existing embedded payments business and adds to its treasury management business, the bank said.

    By May 23, 2023
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    Justin Sullivan via Getty Images
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    First Citizens sues HSBC over departure of 42 SVB bankers

    The North Carolina bank accused a former SVB executive of helping HSBC, his new employer, incite a mass migration of talent and trade-secret information.

    By May 23, 2023
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    Jack Taylor / Stringer via Getty Images
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    Crypto company offers 6 months of free custody for female-founded firms

    Clear regulations will bring more women into the space, Aegis Custody CEO Serra Wei said.

    By May 19, 2023
  • Truist Long Game App
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    Truist launches its first gamified finance app

    The app is the first product of Truist Foundry, the startup within the bank that focuses on creating digital solutions for clients.

    By May 18, 2023
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    Jack Taylor / Stringer via Getty Images
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    Ripple buys Swiss crypto custody firm Metaco for $250M

    “I think this [deal] will really be a mark of a crypto spring,” Ripple CEO Brad Garlinghouse told CNBC.

    By May 17, 2023
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    Davis Turner/Stringer via Getty Images
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    Bank of America launches fintech accelerator program

    Participants in Breakthrough Lab — which is offered at no cost — are not expected or required to exchange equity with Bank of America, the bank said.

    By May 17, 2023
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    Dave sees profitability within a few quarters

    The neobank’s CFO credits AI technology, smart marketing spend and a "good value proposition." Dave’s most popular product, ExtraCash, accounted for roughly 80% of the company’s revenue in the first quarter.

    By May 12, 2023
  • 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
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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
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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
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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
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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
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    Cross River Bank ordered to correct ‘unsafe’ lending practices

    Cross River, 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 FDIC’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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    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
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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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    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
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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