‘Like humans do’: Comments of the week
Readers sound off on the use of AI in underwriting, the reasons for the failure of a Milwaukee bank, U.S. banks’ progress in adopting APIs, and more. ... Read full article
Readers sound off on the use of AI in underwriting, the reasons for the failure of a Milwaukee bank, U.S. banks’ progress in adopting APIs, and more. ... Read full article
American banks’ slow adoption of application programming interfaces is one reason the world’s largest economy has stumbled in advancing digital banking. ... Read full article
Through the bank’s new API, small-business customers can feed their bank data into Xero’s cloud accounting technology. ... Read full article
Frank Sanchez, a former FIS executive, is launching a new cloud-based core banking system aimed at large community banks looking to ditch mainframes. ... Read full article
Sweeping new data-sharing rules require a substantial IT revamp at large financial institutions. ... Read full article
The funding comes as the financial services industry continues to search for safer ways for customers to share their account data with third-party apps. ... Read full article
The battle over screen scraping seems to be subsiding into a series of agreements between banks and fintechs using open APIs. ... Read full article
The JPMorgan CEO detailed the bank's $9.5 billion technology budget, forthcoming upgrades, and more. ... Read full article
Bankers spoke candidly about the ups and downs that partnering with a young tech firm entails at American Banker’s Retail Banking 2017 conference in Miami last week. ... Read full article
A faster network is letting the regional bank bring new technology into its branches and share data with fintech partners via APIs. ... Read full article
The tech giant said it is enabling third-party developers to create financial services apps in the cloud. ... Read full article
The private-equity firm Vista Equity Partners will acquire D+H in a deal valued at $3.57 billion. ... Read full article
The cross-border payments startup will use proceeds from its Series D round to fuel growth. ... Read full article
Banks are partnering with tech companies to win back some of the small-business customers that the industry lost to fintechs. ... Read full article
Screen scraping has plenty of critics, but the alternatives, OAuth and APIs, have their share of detractors, too. ... Read full article
The bank and cloud accounting platform will offer services to mutual customers via API. ... Read full article
The services that Kasisto, Personetics, North Side and Teller offer banks to automate interactions vary in their levels of personality and the workload they can handle. ... Read full article
The wave of technology that's turned card swipes into dips, phones into wallets and micro merchants into global sellers will proliferate, says Andrew Rueff of Waud, a Chicago-based private equity firm. ... Read full article
By partnering with Intuit, Wells Fargo is continuing its journey toward API-based data sharing, and away from screen scraping. ... Read full article
Dorothy Savarese and Rebeca Romero Rainey now chair two important trade groups … Mary Lynn Lenz, Patti Husic and Terry Jorde weigh in; Barclays CEO Jes Staley talks hiring diverse leaders and how to keep them; and more. ... Read full article