Proposed open banking guidance allowing consumers to share financial data with third parties is reportedly delayed by concerns over safeguarding data.

The US bank bought fintech Long Game in an effort to “future proof” its core business and appeal to millennials and Gen Zers.

Although the volume and value of global M&A deals in banking has stalled, pent-up demand is building.

The CFPB will use a dormant legal provision to examine nonbank financial companies that “pose risks to consumers.”

The UK’s FCA found that the banks may have inadequate financial crime defenses.

An Ethereum expert was given a prison sentence for helping North Korea use cryptos to evade US sanctions.

The country’s biggest banks more than doubled funding into highly polluting tar sands projects to $16.8B last year.

The FDIC wants insured banks to report their crypto actions, while states look to exempt companies in the space from certain regulations.

A J.D. Power survey found they’re dissatisfied with support they receive during economically challenging times.

Seven major US incumbents are partnering to roll out a service that lets consumers share financial data with participating businesses.

Neo Financial will offer regular investors exposure to cryptos, real estate, and hedge-fund style approaches.

U.S. Bank follows early success with BNPL updates: It’s rolling out its ExtendPay product to business customers and looks well-positioned to take market share from nonbank BNPL players.

Dimon warns of competition diminishing banks’ role in financial services: The JPMorgan Chase CEO’s annual letter to shareholders identified rising competitors and defended tech spending as necessary for maintaining the bank’s standing.

The US challenger’s plan to mix decentralized finance with traditional banking in a “hybrid finance” approach could shore up its appeal to younger users.

US-based Mana’s perks like debit card points and special offers on subscriptions for gaming services are tailored toward its target affinity group.

Despite only holding about $9.1B in assets, the US bank has attracted big-name fintech clients and another funding round.

Despite their extensive climate commitments, banks invested $742B in fossil fuel companies during 2021.

Rohit Chopra’s proposed punishments for recidivists range from loss of FDIC coverage to breakups.

Despite the record-setting value and amount of venture capital deals for fintechs last year, momentum stalled during Q4. In Q1, investors appear more selective. 

CIBC adapts to talent wars by upskilling tech workers: To appeal to highly sought-after developers, banks can stress development opportunities and innovative projects, and publicly celebrate workers who contribute to patents.