Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.

Bank of America and USAA have signed a cross-license agreement that lets each company use the other’s full portfolio of patents, the firms announced Tuesday. The agreement links perhaps the most ...

For you, that means fewer layers between your product and the financial services underneath it,” Dakota CEO Ryan Bozarth said in a blog post.

The bank will invest the capital through its American Dream Initiative, an economic mobility program launched this year that ...

Capital One closed roughly 300 Trump Organization bank accounts in 2021 after “months of analysis and a careful review” by the lender’s anti-money laundering team, the bank said Friday in court ...

A federal judge denied the government’s bid to terminate the bank’s consent order ahead of schedule, saying “a promise to reach substantial compliance in the future is not substantial compliance.” In ...

The pendulum to reframe the Community Reinvestment Act has swung again. The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. proposed a rule Friday that would limit ...

The brokerage arm of the Swiss bank didn’t fix flaws identified in 2018, resulting in some 60,000 foreign currency wires ...

Frost Bank’s CEO expects intense banking competition in Texas may cool slightly after some lenders making “structure-light” loans learn over time whether their decisions were right. CEO Phil Green ...

Regulators broadly agree on one thing when it comes to generative AI in finance: Humans should be, need to be, in the loop. Models make mistakes. Someone needs to catch them. The human-in-the-loop ...

The fintech Chime plans to cut 10% of its workforce, or about 150 employees, to take advantage of artificial intelligence efficiencies and innovate using smaller teams. “The world is changing quickly ...