News Topic: Bank technology

American Express Ventures has become an investor in the startup EverCompliant, which helps financial institutions root out e-commerce websites backed by terrorists and drug cartels that are laundering money through payments-processing networks. ... Read full article

OCBC Bank in Singapore has seen a 35% reduction in false positives in its tests of artificial intelligence-based anti-money-laundering software. Other banks could follow its lead, though there are regulatory and customer-protection questions. ... Read full article

Franklin Synergy and MidFirst both plan to deploy the online lending platform, which according to its creator can render loan decisions in just under three minutes. ... Read full article

The venture capital firm Anthemis seeded 21 fintech startups in its first discretionary fund, which raised $106 million. It favors management teams made up of people from all walks of life who have fresh ideas about shaking up banking and insurance. ... Read full article

Disruptors would get a powerful new competitor if Amazon began offering checking accounts, but such a move would also validate the notion that fintechs are the future. ... Read full article

TransUnion’s analysis of credit card applications and transactions finds fraudsters continue to steal more, but the rate of increase is slowing. ... Read full article

Banks increasingly avoid crypto, but Grainne McNamara at PwC has come up with a framework banks could use to participate in the digital currency world. ... Read full article

The Golden Contract Coalition, formed in mid-2016 to get community banks better deals with the “big three” core systems vendors, said banks need help with buying from fintech sellers as well. ... Read full article

WorldRemit's ambitious goals for its U.S. payment operations say a lot about how immigrants here are changing as customers — they’re digitally savvy, connected and mobile-ready. ... Read full article

The World Economic Forum announced on Tuesday an effort designed to strengthen fintech cybersecurity. ... Read full article

State-level support will give the digital assets industry much needed footing, said Caitlin Long, a former managing director at Morgan Stanley. ... Read full article

The online lender is taking a stand against businesses that sell assault weapons or that sell any type of firearms to people under 21. ... Read full article

The fintech industry has some cool workplace quirks, but behind the fun factor is a serious mission to build an enthusiastic, satisfied workforce. ... Read full article

Honoring the 20 innovative firms in American Banker's inaugural ranking of Best Fintechs to Work For. ... Read full article

To attract new customers, banks are getting rid of the paper-based payments process between builders and subcontractors. ... Read full article

The founders of Seed are hoping to bring to small-business banking what their previous company, Simple, brought to personal financial management: much-easier-to-use technology. ... Read full article

Banks are putting the concept of securities lending on a blockchain-inspired platform to the test. ... Read full article

Financial companies that derive most of their revenue from online and mobile channels have substantially higher fraud costs than do similarly sized companies that rely less on the Internet, according to a new report. ... Read full article