News Topic: bank-technology

The new year will ring in developments in the ways banks use chatbots and other artificial intelligence, arrange their organizational charts, and produce digital products and services. ... Read full article

Regulators here made strides to encourage innovation in 2016, while Brexit cast doubt on the London fintech boom. Yet the cross-Atlantic payments battle is just beginning. ... Read full article

The new year will bring risk in marketplace lending, but progress will be made in micropayments platforms and regulators embracing innovators. ... Read full article

Had Wells Fargo simply complied with regulatory guidelines on multifactor authentication across all channels, there would have been substantially less fraud. ... Read full article

With identity management now established as a distinct industry, it needs an organization to nurture its practitioners like those that exist for the privacy and security sectors. ... Read full article

The appeal of information pathways such as the internet were seen as possibly bringing about a "comeback" for artificial intelligence in financial services Â-- in the 1990s. ... Read full article

To act like a startup Â-- as many banks say they want to do Â-- institutions must employ a non-technical strategy: build services based on customers say they want. ... Read full article

Banks should embrace artificial intelligence so that they can more easily navigate policy shifts that will affect their compliance resources and processes. ... Read full article

Both major brands are accelerating a move away from traditional checkout, and all retailers need to make adjustments for the future. ... Read full article

U.S. banks are smart to take their time in embracing a model that cedes space to nonbank competitors and could put consumers more at risk for identity theft. ... Read full article

There's no denying we are in a mobile-first era. But banks must overhaul their online banking to reap long-term profitability. ... Read full article

Large financial services firms are right to fight data-aggregation access, but they'll lose this fight to arguments based on innovation and "inclusion" if they do not quickly enhance their own value proposition. ... Read full article

President-elect Trump faces legal questions over his idea to hold remittances ransom to fund a wall in Mexico, but the industry should take the threat seriously. ... Read full article

Piloting distributed ledger technology is important. However, banks need to temper expectations regarding the returns. ... Read full article

Consumers' providing bank credentials to third-party services is akin to handing over their house keys. To mitigate screen-scraping risks, banks and fintech companies must first address issues related to security, transparency and control. ... Read full article

With access to financial transaction data under threat by hurdles imposed by certain financial institutions, it should be up to consumers to decide how their data is used to improve their financial well-being. ... Read full article

Many assume that a smart contract is something totally new. However, banking has used imperfect implementations of smart contracts for at least three decades. ... Read full article

The credit agencies played a role in the Great Recession, but marketplace lenders still need ratings oversight to make their businesses viable. ... Read full article