Investors have pushed the bank for more details on its tech initiatives. Communicating longer-term ROI without tipping off competitors is the challenge.

The city council approved creating a financial entity that will lend to underserved businesses. If this focus holds, competition with existing banks should be limited.

Paper is still integral for the money flow: Two studies highlight the need for banking players—particularly neobanks—to continue supporting access to cash and paper checks.

Chainalysis recommended steps for fighting sanctions evasion and long-term measures to revamp how the government addresses crypto-related crime.

Senators eye Wells Fargo’s refinancing operations: Bloomberg found the bank approved just 47% of Black homeowners’ refinancing requests, adding to the debate on whether tech propagates discrimination.

Crypto infrastructure builder ConsenSys snagged $450M, reaching a $7B valuation.

Green Dot strikes open banking deal with Plaid: Green Dot’s neobank customers gain data-sharing capabilities for 6,000-plus outside apps. Are its banking as a service (BaaS) clients next?

APIs take off among banks: They’re critical for “as a service” innovations, but APIs raise the challenge of working with legacy tech stacks and finding developers during a talent shortage.

Biometrics are poised for wider adoption: Consumers aren’t happy with the status quo for identity verification—and most of those who tried newer methods liked them, according to a PYMNTS and Pindrop survey.

Data from the FDIC, NCUA, and the Office of the Comptroller of the Currency (OCC) on outcomes of initiatives targeting the underserved would also have value for banks.

A bill that would require banks to report incidents and ransomware payments to the Cybersecurity and Infrastructure Security Agency (CISA) passed the Senate.

The president’s sweeping order on digital assets calls for research into a CBDC.

Startup investment firm ​​Bain Capital Ventures launched a $560M fund focused exclusively on crypto projects.

Senior Democrat Ron Wyden warned excessively stringent regulation could stifle innovation.

Companies in several markets are offering crypto products that act like bank accounts, and regulators have taken notice.

It will bring back transfers between the countries through Walmart2Walmart, focusing on low transaction fees.

The CEO of M&T Bank urged US industry watchdogs to hold alternative lenders to the same regulatory standards as traditional banks.

Here’s what credit unions need to do to reverse a drop in member satisfaction.

The bank will combine all of its product lines into one app to boost digital engagement.

After posting strong year-end results, the crypto exchange warned that 2022 is off to a lackluster start amid drops in crypto market cap.