Technology: Page 45
-
Courtesy of Kabbage Media
Dive Awards
Deal of the Year: American Express buys Kabbage
The fintech was growing beyond lending. The payment network was building beyond cards. Together, they saw the chance to expand outside of themselves.
By Dan Ennis • Dec. 9, 2020 -
Permission granted by Gohenry
Gohenry targets US expansion after closing $40M funding round
The bulk of the funding will be used to expand the British challenger's marketing efforts in the U.S. and to grow the company's U.S.-based team, gohenry CEO Alex Zivoder said.
By Anna Hrushka • Dec. 8, 2020 -
Explore the Trendlineâž”
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 Stripe
Stripe partners with Goldman, Citi to offer merchant bank accounts
Similar to Google's Plex accounts, Stripe's latest venture further demonstrates how banks are turning to fintech partnerships as a way to grow customers.
By Anna Hrushka • Dec. 4, 2020 -
Louis Vuitton's chief digital officer leaves for cryptocurrency startup
Ian Rogers said the crypto space now reminds him of the music business at the start of the streaming era. "There is an inevitable change coming ... so that's where I like to be," he said.
By Tatiana Walk-Morris • Dec. 3, 2020 -
Permission granted by LendUp
LendUp's new digital bank targets emerging middle class
"Our customer aspires to be established in the middle class," said LendUp CEO Anu Shultes, who will also head a subsidiary called Ahead Financials. "They are not there yet."
By Anna Hrushka • Dec. 2, 2020 -
Visa, crypto startup BlockFi team up on card giving 1.5% back in Bitcoin
The announcement comes a day after the currency hit a record value, which may boost the intrigue of potential users. The move also may reflect a softening stance toward crypto by the card network.
By Dan Ennis • Dec. 2, 2020 -
Facebook-led digital currency, renamed Diem, could launch in January
"We like the connotation of it kind of being a new day for the project," said the group's CEO, Stuart Levey, referring to the moniker's use of the Latin word for "day."
By Anna Hrushka • Updated Dec. 1, 2020 -
Tom Merton via Getty Images
Sponsored by CriteoHow COVID-19 is driving consumers and banks to embrace digital technology
The pandemic is ushering in a new way of doing business and is changing the way consumers bank. Companies that can navigate these transformational shifts are the ones that will succeed.
Nov. 30, 2020 -
Why Seattle Bank allied itself with Google
"The banking experience is just ripe for a Tesla-Peloton kind of experience, and we don't have that today. I think Google clearly can help drive that, and that's pretty cool," Seattle Bank's CEO said.
By Anna Hrushka • Nov. 24, 2020 -
LGBT-focused digital bank Daylight aims for December beta launch
Traditional banks "may be switching their social media icons to rainbows in June, but when it comes to actually solving real pain points, it's just not cutting it," co-founder Billie Simmons said.
By Anna Hrushka • Nov. 20, 2020 -
Google revamps Google Pay, adds 3 new partner banks
With a redesigned app and an expanded network of banks that have signed on to offer co-branded accounts, the tech giant continues its push into the consumer financial services space.
By Anna Hrushka • Nov. 19, 2020 -
Courtesy of Wells Fargo multimedia resources
IT leaders' input must be part of risk management plan, Wells Fargo exec says
"It really is about who's got the strongest strategy, and if you don't innovate and continually improve ... you will be the one that will be hit the hardest," Mandy Norton, the bank's chief risk officer, said Wednesday at a summit.
By Katie Malone • Nov. 19, 2020 -
'Do the hard things first': What Capital One prioritized in its cloud migration
The bank spent eight years shifting workloads to the cloud, shuttering its final data center this year.
By Roberto Torres • Nov. 19, 2020 -
Moven, Q2 aim to debut digital 'bank-in-a-box' in January
"Now any bank can have its own Marcus or Chime in a matter of a few weeks," said Paul Walker, general manager of Q2's banking-as-a-service division.
By Anna Hrushka • Nov. 17, 2020 -
BBVA partners with Prosper on digital HELOC platform
Early results indicate the digital solution is helping BBVA close home equity lines of credit 14 days faster on average when compared to turn times on applications submitted in other channels, the bank said.
By Anna Hrushka • Nov. 11, 2020 -
DOJ challenge to Visa-Plaid deal could change financial services landscape
The outcome will decide how the industry might evolve in an ever-changing world of technology — through acquisition of small, innovative fintechs or organic growth, an antitrust attorney said.
By Anna Hrushka • Nov. 10, 2020 -
DOJ sues to block Visa's $5.3B Plaid acquisition
The Justice Department cited Visa CEO Al Kelly's description of the deal as an "insurance policy" to neutralize a "threat to our important US debit business" as evidence the deal represents an anti-competitive move.
By Anna Hrushka • Nov. 6, 2020 -
Why a Biden win could be good for fintech
As Democrats increasingly push for financial inclusion initiatives, a Biden presidency could usher in fintech's "golden years," said Kara Ward, a Holland & Knight partner.
By Anna Hrushka • Nov. 5, 2020 -
Permission granted by SoFi
SoFi gets OCC's preliminary approval for bank charter, launches credit card
The card will offer up to 2% cash back when rewards are redeemed to pay down student loans or personal loans financed through the company. SoFi's charter application still needs sign-off from the FDIC and Federal Reserve.
By Anna Hrushka • Oct. 29, 2020 -
JPMorgan levels up on blockchain effort
A large international client the bank won't name began using JPM Coin this week. JPMorgan also rebranded its 400-bank cross-border payment settlement network.
By Dan Ennis • Oct. 29, 2020 -
Retrieved from Barwick Bank on October 27, 2020
113 years on, Georgia's smallest bank digitizes
Barwick Bank's new owners installed a fresh core operating system, launched a suite of online banking products — and aim to expand into neighboring Florida while keeping a relationship-driven ethos.
By Suman Bhattacharyya • Oct. 27, 2020 -
Fintechs hopeful as CFPB seeks to modify data access rule
Section 1033 of the Dodd-Frank Act won't prevent banks from overstepping their authority and blocking consumers from sharing their data with certain companies, fintechs argue.
By Anna Hrushka • Oct. 23, 2020 -
PayPal launches crypto payment platform
The payments company will convert consumers' Bitcoin, Ethereum, Bitcoin Cash and Litecoin holdings into fiat currencies when they check out. That cuts the risk merchants assume from any volatility in cryptos' value.
By Dan Ennis • Updated March 30, 2021 -
Pandemic could reverse uptick in banked households, FDIC says
"[F]indings from multiple years of the survey suggest that the unbanked rate is likely to rise as the unemployment rate rose from its level prior to the pandemic," said the agency's chairman, Jelena McWilliams.
By Anna Hrushka • Oct. 20, 2020 -
TD Bank files motion to dismiss Plaid case
A U.S. district court set a June 7 deadline to rule on the motion, but TD's filing did not give any details on the settlement between the Canadian lender and the data aggregator.
By Dan Ennis • Updated May 3, 2021
Previous
