News Topic: Bank technology

Wire and other payments fraud affected a record number of businesses last year, and the FBI is warning in particular about real estate scams. ... Read full article

Vendors keep merging, and new ones keep forming. For banks, the change brings access to more options, but shorter relationships. ... Read full article

Some startups are eschewing San Francisco and New York to set up shop in the middle of America. And for good reason. ... Read full article

Banks that have decided to use Hyperledger Fabric now have a place to find apps that run on it — apps that someone else has tested. The store, LedgerConnect, is also meant to give vendors a way to distribute their wares to banks. ... Read full article

The cryptocurrency-focused merchant bank Galaxy Digital, led by a former Goldman Sachs partner, will start trading on a Toronto exchange this week. Its journey is a cautionary tale in regulatory risk. ... Read full article

Small banks are being warned to slow down mobile tool development and check vendor arrangements, as researchers repeatedly find vulnerabilities that can be exploited by cybercriminals. ... Read full article

A community bank in Virginia thought the $2.4 million hackers stole from its customers would be fully covered by its insurance policy, but its carrier begged to differ. Their highly technical legal fight is a cautionary tale for all bankers who assume they ... Read full article

The Vatican's recent criticism of credit default swaps is reigniting a debate about the use of such financial products. ... Read full article

The person-to-person network also saw $28 billion in payments in the quarter and it added more bank members. ... Read full article

The bank sees its global reach as an advantage in supporting evolving business customer needs. ... Read full article

Several firms are touting tools to help financial institutions bank legal marijuana-related businesses, an industry expected to yield $10 billion in retail sales this year. ... Read full article

Gareth Burton comes to the banking technology provider from a multinational construction firm. ... Read full article

Europe's new data privacy rules have forced banks to get creative to protect sensitive data from in appropriate access or breaches. ... Read full article

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%. ... Read full article

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders. ... Read full article

Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables. ... Read full article

To improve video conferencing adoption, banks are advised to focus on one particular group of clients. ... Read full article

About 15% of Walmart’s workforce is budgeting and taking pay advances through the app. ... Read full article