Technology
Technology
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McDonald’s agreed to sell Dynamic Yield, an artificial intelligence startup acquired under its former CEO in 2019 for more than $300 million, to Mastercard.
December 21 -
Alloy Labs Alliance, a consortium of community banks, is working with the fintech Payrailz on a project called "Chuck" that would route peer-to-peer payments over different networks, based on which is least expensive for each transaction.
December 20 -
The charity has added digital and contactless options to its traditional cash collections.
December 20 -
The year's biggest storylines included an M&A revival, a reexamination of overdraft fees, a changing of the guard in Washington and the rise of new technologies. Here's a look back.
December 19 -
PNC, Bank of America, JPMorgan, Wells Fargo and Citi have all introduced automated projections for commercial clients in recent months. Fintechs that cater to small businesses had pioneered the niche.
December 17 -
The social network, now called Meta Platforms, is buying the South Dakota bank's name for $60 million.
December 17 -
Technology that Biz2Credit used to help certified public accountants obtain Paycheck Protection Program loans for their clients is being updated to offer term loans to small-business owners.
December 17 -
The tax preparation company, which is building out its own financial services business, says Square's new brand "would improperly capitalize on the goodwill and consumer trust cultivated by [H&R] Block since 1955."
December 16 -
Experts discuss the latest ways firms are defining their value propositions and evolving their customer communications, experience and support.
December 16 -
Kabbage and other firms are extending credit to fund higher salaries at the small merchants that are struggling to hire new employees.
December 16 -
The fintech, which provides crypto custody services to financial institutions and recently obtained a national trust bank charter, will use its Series D funding to increase the size of its team and strengthen its infrastructure.
December 15 -
The use of artificial intelligence and machine learning in financial services, while promising, is not without risk. It's on federal regulators to ensure that algorithms relied on by banks and credit unions aren't harming businesses and consumers.
December 15 -
The issuer will help Skipify develop technology that recognizes returning customers at e-commerce sites, pre-fill payment details and provide access to loyalty programs.
December 15 -
The acquisition of MoffettNathanson is the latest in a string of moves by Silicon Valley Bank’s parent company to extend the reach of its investment banking arm into the tech sector.
December 13 -
Now that JPMorgan Chase, Goldman Sachs, Capital One and others offer the alternative credit option, the startups that created this market are adding products to cement their hold on consumers and merchants.
December 13 -
The financial technology firm Chime said customers can now deposit cash at more than 8,500 Walgreens Boots Alliance locations, another example of nonbanks pushing deeper into consumer finance.
December 13 -
The second year of the pandemic unleashed unprecedented exogenous challenges for financial companies heading into 2022. What core trends will shape the industry moving forward?
December 13 -
Through its partnership with Visa, the California credit union lets members receive digital replacements for lost cards almost instantly and add digital cards to mobile wallets like Apple Pay.
December 10 -
Bank of America is hiring thousands of employees this quarter and investing heavily in talent and technology headed into the new year, CEO Brian Moynihan says.
December 9 -
Banks in Mastercard's True Name program, which allows transgender and nonbinary customers to get cards bearing their preferred name, often use those customers' legal names elsewhere. Three challenger banks have made adaptations to achieve greater consistency across all communication channels.
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