Experts say banks should start stepping up their encryption now, because hackers can steal it now and decrypt it with quantum computing later.

The neobank expects to turn a profit by the end of the year, but faces challenges as it copes with the government's pause on federal student loan repayment and with the difficulty of selling technology services to other businesses.

As the Wall Street giant continues to scale back its consumer banking ambitions, the point-of-sale loan provider that it purchased in 2022 could be the latest target. And CEO David Solomon said there might be more moves ahead.

Mortgage-backed securities aren't generally considered risky assets, but how SVB managed them contributed to its woes.

Among DataBank 2023-1's enhancement features is a turbo principal amortization mechanism that kicks in after the notes' anticipated repayment date.

A pullback by the buyers of Upstart's consumer loans led to a "challenging year," CEO Dave Girouard told analysts. But he added that the company is in "late-stage discussions" with partners that are looking to make longer-term commitments.

Fourth Capital Bank's collaboration with the megalender is made possible through a partnership with Q2 Holdings.

The latest month's volume was more than $20 billion lower than in March 2020.

The fintech is also relying more heavily on its bank charter as rising interest rates make selling loans to investors more challenging.

A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.