Technology: Page 39
-
Anna Hrushka/Banking Dive
Why PayPal Ventures' Peggy Mangot thinks vertical neobanks are poised for growth
While mass-market neobanks continue to turn heads with user numbers and funding rounds, affinity neobanks are poised to experience their own market expansion soon, the executive told the Finovate Fall conference.
By Anna Hrushka • Sept. 14, 2021 -
Permission granted by West Monroe
Sponsored by West MonroeWhy banks need a data-driven sales methodology to grow in 2021
The conditions of 2021 require a next generation model of sales effectiveness, backed by data and analytics.
By Tom Collins and Dean Konick • Sept. 13, 2021 -
Explore the Trendline➔
wildpixel via Getty Images
TrendlineThe Banking Dive Outlook on 2022
Some narratives in 2022, such as office returns, will seem like a logical progression from the year before. Others, such as the regulatory sphere and shift toward smaller M&A, may mark a big shift from the previous 12 months.
By Banking Dive staff -
Permission granted by Rochelle State Bank
Georgia bank's new owners eye a digital makeover without losing the personal touch
ST Hldgs acquired Rochelle State Bank with the aim to bolster the single-branch institution's web portal and mobile options, while keeping the bank's close-knit model intact.
By Anna Hrushka • Sept. 9, 2021 -
Courtesy of Coinbase
Coinbase reveals SEC plan to sue over lending product
Company execs ask for more clarity from the regulator amid plans to delay the interest-bearing offering until at least next month.
By Dan Ennis • Sept. 8, 2021 -
Sean Gallup via Getty Images
JPMorgan to buy majority stake in Volkswagen's payments business
The deal is the latest in a series of investments the bank has made in the past year, following CEO Jamie Dimon's 2020 promise that it would be "much more aggressive with acquisitions across the board."
By Anna Hrushka • Sept. 8, 2021 -
ALotOfPeople via Getty Images
Sponsored by MXPrioritization is the new innovation: 3 ways the financial industry can decide on digital initiatives
Financial data has become the center of every experience, so prioritization of strategies and technologies is key.
Sept. 7, 2021 -
Permission granted by Citizens Bank of Edmond
Citizens Bank of Edmond to launch national digital bank with partner Moven
The platform is meant to target an underserved affinity group, Citizens CEO Jill Castilla said, adding she would share more details about the customer base in the next 60 days.
By Anna Hrushka • Aug. 31, 2021 -
Courtesy of Gibson
Fintech veteran gears neobank toward musicians
Kasasa executive John Waupsh decided to launch Nerve after noticing musicians, struggling to access business accounts, often rely on personal checking accounts for business deposits and expenses.
By Anna Hrushka • Aug. 25, 2021 -
Chris Hondros via Getty Images
JPMorgan Chase glitch let customers see other users' data
The breach, which lasted from May 24 to July 14, appears to have limited reach — seven customers in Montana, for example — although no details were available regarding potential impact in other states, or elsewhere.
By Dan Ennis • Aug. 23, 2021 -
David McNew via Getty Images
Bank of America nets record 227 patents in first half of 2021
That figure represents a 23% increase from the first six months of last year. About 40% of the 227 patents are connected to artificial intelligence or machine learning.
By Robin Bradley • Aug. 20, 2021 -
Courtesy of CashApp - Square
How Square's Afterpay deal plays into its SMB, consumer banking goals
The $29 billion deal will bring the Australian firm's point-of-sale financing technology and large merchant portfolio under Square's umbrella, further enabling the fintech to continue its push into banking services.
By Anna Hrushka • Aug. 18, 2021 -
PPP loans through fintechs much more likely to be suspicious, study finds
Fintech and traditional lenders both started the program with suspicious loan rates of around 10%, but fintechs' suspicious loan rates grew to 40% when PPP ended, University of Texas, Austin, researchers found.
By Anna Hrushka • Aug. 17, 2021 -
Spencer Platt / Staff via Getty Images
ColumnWalmart, NYCB show 2 ways to angle for blockchain expertise
The retailer posted a job description for a crypto product lead, while New York Community Bank partnered with fintech Figure.
By Dan Ennis • Aug. 17, 2021 -
Bipartisan bill would expand SBA loan program to include fintech lenders
"You shouldn’t need a big bank to get an SBA loan," said Sen. John Hickenlooper, D-CO, who introduced the legislation alongside Sen. Tim Scott, R-SC, on Wednesday.
By Anna Hrushka • Aug. 13, 2021 -
Permission granted by Citigroup
Citi seeks to pair banks and small businesses
Citi aims to strengthen relationships with smaller banking institutions and improve access to capital for businesses.
By Robin Bradley • Aug. 12, 2021 -
Permission granted by Revolut
Revolut readies for US growth with marketing push, product expansions
Since launching quietly stateside last year, the fintech has rolled out a small-business banking product, applied for a bank charter, and has begun offering remittances between the U.S. and Mexico.
By Anna Hrushka • Aug. 11, 2021 -
Jack Taylor / Stringer via Getty Images
Ex-OCC chief Brooks resigns as Binance.US CEO
The former regulator, who had led the company just three months, cited "differences in strategic direction" in a Twitter post. Binance faces scrutiny from several U.S. bodies, including the CFTC, Justice Department and IRS.
By Robin Bradley • Aug. 9, 2021 -
Chris Hondros via Getty Images
Chase study highlights growing popularity of digital banking
The COVID-19 pandemic has increased consumers' reliance on mobile banking tools to manage their savings.
By Robin Bradley • Aug. 5, 2021 -
Mark Wilson via Getty Images
Inside MoneyLion's quest to become a financial 'super app'
The neobank is diversifying its revenue sources and aiming to boost engagement frequency to transcend beyond finance to "life transactions."
By Suman Bhattacharyya • Aug. 2, 2021 -
Carlos Alvarez via Getty Images
7 big banks sign on for SWIFT's low-value cross-border offering
The product lets small businesses and individuals send payments of less than $10,000 internationally, giving the network a potential foothold in a fintech-filled remittance space.
By Robin Bradley • July 30, 2021 -
SBA launches streamlined PPP forgiveness portal
The agency said more than 600 banks have opted in to the program, representing 30% of loans $150,000 or less that have not yet applied for forgiveness.
By Anna Hrushka • July 28, 2021 -
Chip Somodevilla via Getty Images
ColumnStablecoin meeting's focus finally comes to light
Tether and Diem were reportedly the focus of last week's "act-quickly" directive. The Justice Department is allegedly probing whether executives behind Tether hid from banks that transactions were linked to cryptocurrency.
By Dan Ennis • July 28, 2021 -
Opinion
A new leaf for the bank branch
A café might be a reason to visit a bank branch. But a customer journey map would let banks see how customers interact with digital channels outside the branch and inform digital-first branch remodeling.
By Mohamed Abdelsadek • July 26, 2021 -
Plaid taps former bank execs to help reach data-sharing goal
The company's mission to forge stronger relationships with banks and increase its API traffic comes amid a sometimes less-than-amicable interplay between data aggregators and financial institutions.
By Anna Hrushka • July 23, 2021 -
Alex Wong via Getty Images
Crypto firm hires ex-CFPB chief Kraninger
She'll serve as vice president of regulatory affairs at Solidus Labs. The digital asset space has become a frequent landing spot for former regulators, including ex-Acting Comptroller Brian Brooks.
By Dan Ennis • July 23, 2021
Previous
