Technology: Page 41
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Dan Kitwood via Getty Images
Goldman Sachs expands transaction banking services to UK
The bank said last year it wants to move more money around the world for large companies — a more stable revenue stream than trading. Goldman says its technology platform can open accounts in minutes instead of months.
By Dan Ennis • June 22, 2021 -
Courtesy of General Assembly
Discover makes a crypto move with new hire
With the hiring of a new manager for blockchain and digital currency, Discover Financial is planting a flag in the card company race to grab a share of money increasingly flowing through cryptocurrencies.
By Lynne Marek • June 22, 2021 -
Explore the Trendline➔
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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 -
RichVintage via Getty Images
Sponsored by Ubiquity3 keys to maximizing the digital banking customer journey
Customers want engaging, personalized digital service on their own schedule.
June 21, 2021 -
Courtesy of Verizon
Verizon targets Gen Z market with new digital banking app
For a $5.99 monthly fee, Family Money lets parents monitor and cap their children's spending, block certain spending categories and set up allowances.
By Anna Hrushka • June 18, 2021 -
Permission granted by Better Financial
Neobank Better Financial aims to cushion financial shocks for gig workers
The startup uses account holders' current payroll data and past payroll history to underwrite low-interest emergency loans.
By Anna Hrushka • June 17, 2021 -
Justin Sullivan via Getty Images
American Express launches business checking accounts
The card network's subsidiary, Kabbage, rolled out a soft launch of the checking account product last summer, before AmEx acquired it.
By Anna Hrushka • June 15, 2021 -
Justin Sullivan / Staff via Getty Images
National banks outpace regionals in digital satisfaction: J.D. Power study
Bank of America bested JPMorgan Chase in mobile app satisfaction among national banks. Regions Bank and Huntington Bank took the highest marks among regionals in online and mobile app satisfaction, J.D. Power found.
By Anna Hrushka • June 14, 2021 -
David Ramos via Getty Images
Sunwest Bank launches new account opening portal to boost geographic reach
The portal allows the bank to expand its services to commercial clients outside of the four states where it has a physical presence, said Dwight Flenniken, Sunwest's chief marketing officer.
By Anna Hrushka • June 10, 2021 -
Monica Schipper via Getty Images
Basel suggests clamping down on crypto as State Street rolls out digital-asset unit
The panel recommended the highest possible risk weighting — 1,250% — be applied to a bank's exposure to Bitcoin and some other digital tokens.
By Dan Ennis • June 10, 2021 -
Permission granted by U.S. Bank
Why some lenders are going all-in on video banking
OceanFirst Financial plans to extend its video banking services to mobile devices, while U.S. Bank recently added video to its co-browsing service.
By Anna Hrushka • June 8, 2021 -
Permission granted by Dave
Challenger bank Dave to go public through $4B SPAC deal
Victory Park Capital, the Chicago-based investment firm sponsoring the merger, provided a $100 million credit facility to Dave in January, the fintech said.
By Anna Hrushka • June 7, 2021 -
Permission granted by Office of the Comptroller of the Currency
OCC will revisit crypto charters, interpretive letters, acting chief says
Michael Hsu has said he will review the regulator's past actions regarding cryptocurrency activities and crypto firm charters, adding, "everything's on the table."
By Anna Hrushka • June 3, 2021 -
Dan Kitwood via Getty Images
Crypto exchange Kraken launches mobile app in US
Customers can buy and sell more than 50 crypto tokens from their mobile phones with a starting investment of as little as $10. The services are not available for residents of New York or Washington state.
By Dan Ennis • June 3, 2021 -
Black-owned businesses leaned harder into fintechs on PPP, Fed data shows
The data highlights fintechs' efforts to serve marginalized communities but comes amid reported scrutiny from the Justice Department and lawmakers over nonbank lenders' fraud controls and compliance systems.
By Anna Hrushka • May 28, 2021 -
Dan Kitwood/Getty Images News via Getty Images
Neobank Paybby to bring crypto investing to Black and Brown communities
"It's a great new investment class, and the people of our community should have access to this investment class just like anybody else," CEO Hassan Miah said.
By Anna Hrushka • May 25, 2021 -
Teresa Kroeger via Getty Images
Square may soon offer small-business checking and savings accounts, app code shows
The code indicates the company will not charge monthly service fees, minimum balance fees or overdrafts on its checking account, and will offer a 0.5% interest rate on its savings account through 2021, Bloomberg reported.
By Dan Ennis • May 25, 2021 -
Chip Somodevilla via Getty Images
Fed paper this summer aims to spur 'broad conversation' on CBDC
"Our key focus is on whether and how a [central bank digital currency] could improve on an already safe, effective, dynamic and efficient U.S. domestic payments system," Chair Jerome Powell said Thursday in a video statement.
By Lynne Marek • May 21, 2021 -
Permission granted by Lance
Neobank Lance targets gig economy's income volatility
The New York City-based challenger divides a user's payments into sub-accounts for salary, tax withholdings, business expense balance and a savings account.
By Anna Hrushka • May 18, 2021 -
Green Dot doubles down on tax refund processing
The prepaid card company-turned-bank's plan to buy Republic Bank's tax refund processing unit for $165 million is expected to close in this year's fourth quarter.
By Lynne Marek • May 14, 2021 -
Permission granted by Diem Association
Facebook-backed Diem withdraws Finma application, shifts to US
Diem Networks U.S. will register as a money services business with the Financial Crimes Enforcement Network, and Silvergate Bank will become the exclusive issuer of Diem's dollar-backed stablecoin.
By Anna Hrushka • May 13, 2021 -
Climate First Bank finds fintech partner with a similarly green mission
Atmos launched in January with a savings product, and allows customers to donate to 41 climate, clean energy and sustainability nonprofits directly from their accounts.
By Anna Hrushka • May 12, 2021 -
Chris Hondros / Staff via Getty Images
JPMorgan tech exec promotions show modernization plans, data priorities
James Reid and Melissa Goldman will move to their new positions as the bank prepares to reopen its U.S. offices.
By Katie Malone • May 10, 2021 -
Courtesy of Green Dot
'We cannot stay still': Inside Green Dot's path to BaaS growth
The Pasadena, California-based company has made a name for itself as a financial services enabler for some of the nation's biggest brands. But competition in the space could create new headwinds.
By Suman Bhattacharyya • May 10, 2021 -
Courtesy of CashApp - Square
Square's Bitcoin revenue soars, eyes lending, Tidal app engagement
After exceeding earnings estimates, Square looks to drive user engagement and individual lending through its CashApp.
By Vaidik Trivedi • May 7, 2021 -
Jack Taylor / Stringer via Getty Images
Cryptocurrency fuels ransomware payments. Without regulation, it could get worse
The rapid ascent of crypto, like other emerging technologies before it, has far outpaced the federal government's ability to regulate it.
By Samantha Schwartz • May 7, 2021
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