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

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

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The interpretive letter issued Friday, advising banks on engaging in certain crypto-asset activities, rescinded Biden-era guidance issued in 2021.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

TD racks up AML remediation costs

After spending $86 million in Q1, the bank expects to spend $500 million on AML remediation costs and governance and control investment in fiscal 2025.

By Gabrielle Saulsbery • Feb. 27, 2025

KeyBank, Treasury Prime partner on embedded banking

The partnership, targeted at fintechs and institutional clients, will focus on faster revenue generation and simpler technical uplifts. 

By Rajashree Chakravarty • Feb. 27, 2025

A mixed weekend for crypto

The SEC dropped crypto enforcement actions against two companies, but the DOJ handed a half billion dollars in penalties to another. A fourth was hit with a record hack.

By Gabrielle Saulsbery • Feb. 26, 2025

5 key takeaways from Rodney Hood’s 1st public speech as OCC acting chief

The regulator outlined his top priorities – including financial inclusion, technology and cybersecurity – while speaking at a conference for community bankers. 

By Rajashree Chakravarty • Feb. 20, 2025

Fintech Stash gets a boost from its AI assistant

Stash’s artificial intelligence-powered platform, Money Coach, has helped it become free cash flow positive while helping its customers make “efficient and smart” financial choices, co-CEO Ed Robinson said.

By Rajashree Chakravarty • Feb. 19, 2025

Fed’s Barr: Race to tap generative AI exacerbates risks

As more nimble nonbanks employ a “risk-forward” attitude toward generative AI, the Fed’s outgoing vice chair for supervision called for monitoring how the technology’s introduction alters banking.

By Caitlin Mullen • Feb. 19, 2025

Fed delays start of new Fedwire standard

The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.

By Lynne Marek • Feb. 19, 2025

Truist, Zelle execs and others discuss approaches to fraud

A Truist executive advocated for more information sharing to combat push-payment fraud, an issue another participant in a panel discussion last week called a “national challenge.”

By Lynne Marek • Feb. 18, 2025