Technology
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Ripple to buy prime broker Hidden Road for $1.25B
“We are at an inflection point for the next phase of digital asset adoption … and the market is maturing to address the needs of traditional finance,” CEO Brad Garlinghouse said.
By Gabrielle Saulsbery • April 8, 2025 -
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Fed’s Barr has high hopes for generative AI
It’s only a matter of time before technological advances turn current generative AI issues into “challenges [rather] than insurmountable problems,” Barr said, and bank-fintech partnerships will accelerate those innovations.
By Gabrielle Saulsbery • April 7, 2025 -
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TrendlineArtificial 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 -
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Evolve to settle data breach lawsuit for nearly $12M
Individual claimants – of which there are 18 million – can request settlements of up to $3,000 after data was allegedly improperly protected by the bank.
By Gabrielle Saulsbery • April 3, 2025 -
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Robinhood to launch banking product
The fintech aims to bring a “private banking experience” with the checking and savings account products it’s launching this fall, a Robinhood executive said.
By Rajashree Chakravarty • April 2, 2025 -
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FDIC eases crypto rules for banks
Banks can engage in crypto-related activities, but must still exercise proper caution, the agency said.
By Gabrielle Saulsbery • April 1, 2025 -
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Why banks are all-in on open source
Morgan Stanley, JPMorgan Chase and other industry giants are reaping efficiency rewards and attracting tech talent simply by sharing code.
By Matt Ashare • March 31, 2025 -
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Sponsored by CatchpointBeyond APM: How banks are improving digital resilience with Internet Performance Monitoring
Read on to learn how your bank or credit union can benefit from an IPM-based strategy.
March 31, 2025 -
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Sponsored by Arcesium[Podcast] Comply to Compete: Better Banking Data Management Through 2025’s M&A Integrations
M&A is surging—are banks ready for the compliance challenges? Tune in to Arcesium’s podcast for expert insights.
By Banking Dive’s studioID • March 27, 2025 -
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CFPB withdraws ‘inappropriate’ filing in NY AG’s suit against Citi
The bureau’s brief was withdrawn because it “advances an interpretation of the Electronic Funds Transfer Act that has never been embraced by any federal court prior.”
By Gabrielle Saulsbery • March 27, 2025 -
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Chime adds instant loans
The San Francisco-based fintech has debuted an instant loans product that offers three-month installment funds of up to $500 to Chime members.
By Rajashree Chakravarty • March 26, 2025 -
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Kraken to buy futures platform NinjaTrader for $1.5B
The tie-up marks the largest deal to date between the traditional finance and crypto sectors.
By Gabrielle Saulsbery • March 24, 2025 -
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Coastal Community Bank self-identifies material weakness
The Everett, Washington-based company restated its financial reports for 2023 and the first three quarters of 2024. The lender recently inked a partnership with neobank Dave.
By Rajashree Chakravarty • March 20, 2025 -
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SEC to drop Ripple case
“I’m heartened that we have paved the way for other industry players to see the value in not backing down ... We are now closing a chapter in crypto history,” CEO Brad Garlinghouse said.
By Gabrielle Saulsbery • March 20, 2025 -
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Bank customers want clearer communication on cybersecurity: survey
Static, bare-bones website text about information security is “not enough anymore,” an Accenture executive said. A survey by the company found that customers trust banks – but not third-party partners – with their data.
By Caitlin Mullen • March 20, 2025 -
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Grasshopper lines up new executives amid lending push
The $867.5 million-asset digital bank added a slew of new lending executives this week, as the lender seeks to jump off loan growth that’s come in part from its embedded finance business.
By Gabrielle Saulsbery • March 19, 2025 -
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Citi shrinks execs’ bonuses over tech revamp
Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory issues.
By Caitlin Mullen • March 19, 2025 -
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Crypto firm Gemini hires Affirm veteran as CFO
Dan Chen’s appointment could signal momentum in Gemini’s reported plans to conduct an IPO, coming as the crypto exchange closes the books on several regulatory actions.
By Grace Noto • March 18, 2025 -
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Northern Trust exec: Crypto rule changes may ease tokenization
Biden-era anti-crypto regulations didn’t just affect volatile digital assets. They also affected firms offering traditional assets, like bonds, on the blockchain.
By Gabrielle Saulsbery • March 17, 2025 -
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Klarna whittled workforce via AI ahead of IPO
The Swedish buy now, pay later juggernaut cut its headcount in each of the past two years, and expects to keep shrinking it.
By Justin Bachman , Lynne Marek • March 17, 2025 -
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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 -
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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 -
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 -
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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 -
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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 -
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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
