Technology: Page 2
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Permission granted by Fifth Third Bank
Fifth Third uses heat mapping to plot where to put new branches
A tool to analyze existing retailers, competitor presence, local income and cell phone data is helping the super-regional place 200 added locations by 2028.
By Gabrielle Saulsbery • Dec. 4, 2024 -
Cecilie Arcurs via Getty Images
Q&AWorldpay exec talks digital wallet security
The head of fraud prevention for the processor said the company leverages data to block hackers and fraudsters seeking digital wallet information.
By Patrick Cooley • Dec. 3, 2024 -
Explore the Trendline➔
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TrendlineArtificial 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 -
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Capital One report finds data disconnect between IT, business leaders
Most executives are confident in their organization’s data capabilities. Technical practitioners aren’t so sure.
By Matt Ashare • Dec. 2, 2024 -
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Synapse partner banks hit with lawsuit over fund mismanagement
The four banks – Evolve, AMG National Trust, American Bank and Lineage – were sued Friday, after thousands of consumers were left without access to their funds post-Synapse collapse.
By Rajashree Chakravarty • Nov. 27, 2024 -
Courtesy of Affirm
BNPL use may rise this year for holiday shopping
With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.
By Patrick Cooley • Nov. 27, 2024 -
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Custodia takes a step back ahead of Trump term
The Wyoming bank, long embattled with the Federal Reserve, aimed to “preserve capital” and its charter before the White House takes a presumably more crypto-positive tone.
By Dan Ennis • Nov. 26, 2024 -
Courtesy of U.S. Bank
U.S. Bank bets on capital markets boost
The super-regional is expanding its product set and angling for a more prominent position with its clients, the bank’s head of wealth, corporate, commercial and institutional banking said.
By Caitlin Mullen • Nov. 26, 2024 -
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Sponsored by EncaptureThe countdown to 1071: Why automation is a must-have for banks
Upcoming rules demand action — banks must act now. Learn why automation is key for compliance.
By Brynna Desantiago, Head of Marketing at Encapture • Nov. 25, 2024 -
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HSBC hires Citi vet to lead ex-SVB unit
Emily Turner, a 13-year veteran at Citi, will become the CEO of the HSBC Innovation Banking UK unit, starting in February.
By Rajashree Chakravarty • Nov. 21, 2024 -
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Deep DivePayPal CEO pushes beyond payments
After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.
By Lynne Marek • Nov. 20, 2024 -
Spencer Platt / Staff via Getty Images
Robinhood buys wealth management platform TradePMR
Ahead of what’s projected to be the largest wealth transfer in history, Robinhood is bringing financial advisers directly to its 24 million customers.
By Gabrielle Saulsbery • Nov. 20, 2024 -
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Sponsored by SnowflakeNailing your AI strategy for banking is more important than you think
What data leaders in banking and financial services should consider for a successful enterprise AI strategy.
By Snowflake • Nov. 18, 2024 -
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Community banks need to step up third-party practices: survey
Community and mid-size banks lack due diligence and rigorous contract negotiations with third-party vendors, including fintechs, leading to potential risks, a Jones Walker survey said.
By Rajashree Chakravarty • Nov. 13, 2024 -
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Block recalibrates crypto approach
The payments firm is winding down its bitcoin-focused TBD business and investing in its self-custody wallet and bitcoin mining businesses.
By Gabrielle Saulsbery • Nov. 13, 2024 -
Michael M. Santiago / Staff via Getty Images
Underbanked US population grows to 14.2%, FDIC finds
Separately, the unbanked proportion of U.S. households dropped to 4.2% last year, the regulator said in its biennial survey. But racial disparity persists: 32.3% of unbanked households are Black and 33.4% are Hispanic, the FDIC found.
By Caitlin Mullen • Nov. 13, 2024 -
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Klarna files for IPO
The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.
By Patrick Cooley • Nov. 13, 2024 -
Permission granted by Cross River Bank
Cross River drops lawsuit against Fiserv subsidiary
The Fort Lee, New Jersey-based lender dismissed its lawsuit against First Data Merchant Services, which was filed in October 2023, without disclosing a reason.
By Rajashree Chakravarty • Nov. 6, 2024 -
Lynne Marek/Banking Dive
Fed aims to make instant payments the norm
“It's going to be up to us to move instant payments from being novel to being normal,” Federal Reserve Financial Services’ chief payments executive told attendees at an industry conference last week.
By Lynne Marek and Patrick Cooley • Nov. 5, 2024 -
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Stablecoins face obstacles to widespread adoption
The digital currencies could simplify cross-border payments, but consumers are wary of using them, payments and fintech executives say.
By Patrick Cooley • Nov. 4, 2024 -
Spencer Platt / Staff via Getty Images
Flagstar taps CIO, credit review chief
The bank has brought on a number of new executives this year and also completed the sale of its mortgage business to Mr. Cooper on Friday.
By Gabrielle Saulsbery • Nov. 4, 2024 -
CFPB fines VyStar $1.5M over 2022 outage
The order requires the Jacksonville, Florida-based credit union to reimburse fees and costs to members from the botched rollout of an online banking system.
By Rajashree Chakravarty • Nov. 1, 2024 -
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Kraken cuts staff, appoints co-CEO and CFO
The crypto exchange has cut about 400 employees, sources told The New York Times, in an effort to be “leaner and faster.” The move comes alongside changes in the company's C-suite.
By Gabrielle Saulsbery • Nov. 1, 2024 -
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Singh, fourth FTX exec sentenced, avoids prison
Former FTX engineering chief Nishad Singh showed an “eagerness to assist” the prosecution during its case against Sam Bankman-Fried, and a similar energy to help CEO John Ray in FTX's bankruptcy case.
By Gabrielle Saulsbery • Oct. 31, 2024 -
Dan Kitwood via Getty Images
Consensys to slash 20% of workforce
The blockchain software firm best known for its self-custodial MetaMask wallet cited regulatory uncertainty and a push toward “rigorous decentralization.”
By Gabrielle Saulsbery • Oct. 30, 2024 -
Spencer Platt via Getty Images
JPMorgan Chase sues customers who exploited viral ‘glitch’
With four nearly identical lawsuits, the nation’s largest bank wants users to return hundreds of thousands of dollars taken in a scheme promoted on TikTok.
By Gabrielle Saulsbery • Oct. 29, 2024
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