Coastal Community Bank self-identifies material weakness

The Everett, Washington-based company restated its financial reports for 2023 and the first three quarters of 2024. The lender recently inked a partnership with neobank Dave.

By Rajashree Chakravarty • March 20, 2025

SEC to drop Ripple case

“I'm heartened that we have paved the way for other industry players to see the value in not backing down ... We are now closing a chapter in crypto history,” CEO Brad Garlinghouse said.

By Gabrielle Saulsbery • March 20, 2025

Explore the Trendline➔

Artificial intelligence

Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

By Banking Dive staff

Bank customers want clearer communication on cybersecurity: survey

Static, bare-bones website text about information security is “not enough anymore,” an Accenture executive said. A survey by the company found that customers trust banks – but not third-party partners – with their data.

By Caitlin Mullen • March 20, 2025

Grasshopper lines up new executives amid lending push

The $867.5 million-asset digital bank added a slew of new lending executives this week, as the lender seeks to jump off loan growth that's come in part from its embedded finance business.

By Gabrielle Saulsbery • March 19, 2025

Citi shrinks execs’ bonuses over tech revamp

Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory issues.

By Caitlin Mullen • March 19, 2025

Crypto firm Gemini hires Affirm veteran as CFO

Dan Chen’s appointment could signal momentum in Gemini’s reported plans to conduct an IPO, coming as the crypto exchange closes the books on several regulatory actions.

By Grace Noto • March 18, 2025

Northern Trust exec: Crypto rule changes may ease tokenization

Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.

By Gabrielle Saulsbery • March 17, 2025

Klarna whittled workforce via AI ahead of IPO

The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.

By Justin Bachman , Lynne Marek • March 17, 2025

Mercury to pivot from partner bank Evolve

The decision to sever ties with Evolve follows neobank Dave’s decision to line up Coastal Community Bank as its new partner. 

By Rajashree Chakravarty • March 17, 2025

Citi revamps tech leadership in its wealth division

Dipendra Malhotra, former head of analytics, AI and data at Morgan Stanley's wealth unit, will help drive technology modernization at Citi, CIO Jonathan Lofthouse said.

By Matt Ashare • March 14, 2025

Webster eyes $100B threshold, invests in hiring and tech

The Connecticut-based bank aims to hire about 200 people this year, including adding about two dozen technology and cybersecurity employees, Webster’s CIO said.

By Caitlin Mullen • March 14, 2025

Wells Fargo taps Discover, JPMorgan vet to lead branch, ATM tech unit

Heather Blair served as senior vice president of consumer banking technology at Discover for more than a year. She also spent 17 years at JPMorgan Chase, including as head of technology.

By Matt Ashare • March 13, 2025

Airwallex taps into multibillion-dollar creator economy

By embedding finance tools into creator platforms, Airwallex aims to help creators get paid more easily, said Ravi Adusumilli, the company's Americas president.

By Gabrielle Saulsbery • March 12, 2025

Varo to leverage AI, machine learning in profitability push

Incoming Varo Bank CEO Gavin Michael said he plans to achieve profitability by capitalizing on technology for underwriting and fraud prevention. 

By Rajashree Chakravarty • March 12, 2025

Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’

Regulators will keep BaaS under the microscope, continuing to put pressure on the space and contributing to fewer banks in the space, expects Brett Pharr, the bank’s CEO.

By Caitlin Mullen • March 12, 2025

OCC shifts gears on crypto

The interpretive letter issued Friday, advising banks on engaging in certain crypto-asset activities, rescinded Biden-era guidance issued in 2021.

By Rajashree Chakravarty • March 10, 2025

BofA eyes personalization, speedier onboarding for business clients

The team behind the bank’s CashPro platform is making tweaks and enhancements to bring more of the consumer experience to the digital business banking space, a CashPro product executive said.

By Caitlin Mullen • March 6, 2025

Dave, Coastal Community Bank team up in pivot away from Evolve

The Los Angeles-based fintech will start onboarding customers to Coastal Community Bank as soon as the second quarter of 2025, Dave said Monday.

By Rajashree Chakravarty • March 5, 2025

Golden 1 CFO sees culture fit as crucial in hiring

Keeping credit union membership at top of mind sometimes means tweaking the "pure math" approach to solutions, Golden 1 CFO Allyson Hill said.

By Grace Noto • March 5, 2025

Crypto miner stresses risk minimization, manufacturing capability

Broadstreet Private Equity CEO David Feingold hedges against the volatility of crypto by converting every altcoin his operation mines into a stablecoin by day’s end.

By Gabrielle Saulsbery • March 5, 2025

Banks invest in responsible AI talent, research as adoption unfolds

The industry increased its hiring of governance and ethical use professionals last year, according to Evident Insights.

By Matt Ashare • March 5, 2025

Crypto firm Tether appoints new CFO, names predecessor as chair

The stablecoin issuer aims to conduct a full audit in a bid to leave behind a somewhat checkered past with U.S. regulators as the Trump administration courts the crypto industry.

By Grace Noto • March 4, 2025

SEC drops case against Kraken

“This dismissal lifts that cloud of uncertainty. It reaffirms that businesses like Kraken, which prioritize compliance and consumer protection, should not be subject to arbitrary legal battles,” the exchange wrote in a blog post.

By Gabrielle Saulsbery • March 3, 2025

Trump names coins in strategic crypto reserve

Differing from prior calls for a national bitcoin stockpile, the strategic reserve will have bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, according to the president’s Truth Social post.

By Gabrielle Saulsbery • March 3, 2025

Robinhood CFO sells $1.2M in shares after dropped SEC investigation

“Let me be crystal clear — this investigation never should have been opened,” Robinhood’s chief legal officer said last Monday.

By Grace Noto • Feb. 28, 2025