Bank failures spur AI financial risk innovations

New AI solutions can leapfrog institutions beyond yesterday’s cutting edge, fundamentally transforming the competitive landscape.

July 10, 2023

Binance CEO deflects as compliance, legal execs leave

A source within the crypto exchange told Fortune the departures stemmed from Changpeng Zhao’s response to a DOJ investigation. However, Binance’s ex-chief strategy officer cited personal reasons in a tweet.

By Dan Ennis • July 7, 2023

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

Kraken ordered to hand over user info to IRS

The IRS requested the information earlier this year, but Kraken refused. The tax agency then asked a judge to enforce a summons issued to the exchange’s holding company.

By Gabrielle Saulsbery • July 6, 2023

Goldman in talks to transfer Apple card deal to Amex: reports

The move, if true, would mark a 180-degree turn after the bank and tech giant extended their partnership until 2029 in October.

By Gabrielle Saulsbery • July 5, 2023

FedNow battles conspiracy theories

The central bank has launched a marketing campaign aimed at debunking disinformation that derides the real-time payments system, set to roll out next month, as a government power grab.

By Lynne Marek • June 28, 2023

U.S. Bank’s fintech acquisition materializes in card launch

U.S. Bank and TravelBank, which it acquired in 2021, this week launched a commercial rewards card for the emerging middle market.

By Gabrielle Saulsbery • June 28, 2023

Fintech startup TreasurySpring raises $29M amid bank turmoil

The startup is among fintech companies looking to capitalize on the Silicon Valley Bank collapse and other recent bank failures.

By Alexei Alexis • June 26, 2023

Diving into composable banking? Focus on origination.

Leading financial institutions are moving towards composable banking solutions. What are the benefits of this next-gen model and where should you get started?

June 26, 2023

Using income and employment data to personalize financial experiences and meet evolving expectations

Whether it’s to attract direct deposits, or to upsell credit products in the future, creating long lasting relationships with customers is one of the ultimate goals for any bank.

June 26, 2023

JPMorgan to pay $4M to SEC over 47M lost records

An outside vendor mistakenly deleted emails and instant messages from early 2018 but failed to apply a setting that would have preserved the records for the three years the SEC requires, the regulator said.

By Dan Ennis • June 22, 2023

JPMorgan names head to new data and analytics business

Company vet Teresa Heitsenrether will lead the charge in implementing artificial intelligence, something CEO Jamie Dimon recently called “critical to our company’s future success.”

By Gabrielle Saulsbery • June 22, 2023

Citizens partners with Wisetack on BNPL loans for SMBs

Citizens will focus on home improvement projects through Wisetack’s platform that connects in-person providers with buy now, pay later lenders.

By Rajashree Chakravarty • June 21, 2023

Deutsche Bank applies for crypto custody license

BlackRock and a Charles Schwab-backed platform have entered or clearly made plans to broach the cryptosphere in the past week, which could bode well for crypto-native companies.

By Gabrielle Saulsbery • June 21, 2023

Binance.US avoids asset freeze via SEC deal

Customers of the U.S. affiliate of Binance, the world’s largest crypto exchange, can continue to withdraw their assets after the exchange struck a deal with the regulator Saturday.

By Gabrielle Saulsbery • June 20, 2023

Maximizing the benefits of digital income verification for underwriting and risk management

Interest rates aren’t showing signs of slowing down anytime soon, especially as the U.S. economy continues to be resilient.

June 20, 2023

Customers Bank hires 30 Signature bankers, acquires $631M portfolio

The new team is expected to be onboarded in the next few weeks. The Pennsylvania bank bought the portfolio at approximately 85% of book value, it said.

By Dan Ennis • June 16, 2023

Binance.US laid off employees following SEC enforcement

About 50 employees were affected, according to Reuters. A former Binance.US employee confirmed the reduction to Banking Dive.

By Gabrielle Saulsbery • June 16, 2023

Jack Henry to eliminate screen scraping by end of summer

The fintech, which has API integrations with data exchange platforms Finicity, Akoya, Plaid, Envestnet | Yodlee and Intuit, started phasing out the practice five years ago.

By Anna Hrushka • June 14, 2023

CFPB to hover as open banking evolves

The agency is on track to issue a proposal in October, and seek public comment, the agency’s director, Rohit Chopra, told a House committee.

By Lynne Marek , Dan Ennis • June 14, 2023

Bittrex to open for customer withdrawals

The U.S. arm of Bittrex Global filed for bankruptcy last month following regulatory enforcement.

By Gabrielle Saulsbery • June 14, 2023

Maximizing acquisition strategies with smarter data: How to take control and drive growth through data-driven insights

Building the right consumer data partnership is a critical aspect of successful acquisition marketing strategies.

June 12, 2023

Binance.US to halt USD deposits, withdrawals

The development follows the Securities and Exchange Commission's suit against Binance and its motion to freeze Binance.US assets.

By Gabrielle Saulsbery • June 9, 2023

Goldman Sachs exec Stephanie Cohen goes on leave

“I have made the decision that taking some time away from work to focus on my family is the best choice,” the Platform Solutions chief wrote in a memo Friday, according to reports.

By Rajashree Chakravarty • June 9, 2023

Binance court filings shed light on relationship with failed banks, Gensler

The now-SEC chief offered to serve as a Binance advisor in 2019, Binance's legal team alleges. The filing also details billions of the exchange’s dollars funneled through Silvergate and Signature.

By Gabrielle Saulsbery • June 8, 2023

How banks can fix broken FinTech partnership models

Banks that embrace a structured framework to guide strategy development and execution can improve their odds of partnership success.

By Howard Moseson, EY-Parthenon Americas Banking and Capital Markets Strategy Leader & Mohammed Akuma, Senior Director, Strategy – FinTech, EY-Parthenon, Ernst & Young LLP. Contributors: Eric T Court • June 8, 2023