News Topic: Bank technology

Discount Bank in Tel Aviv has made several discoveries, including that customers ask more in-depth questions of its bank chatbot than expected. ... Read full article

Webster Bank’s partnership with the national broker-dealer LPL is a reversal of its initial opposition to robo-advisers. It is the latest regional bank to enter a market first claimed by the biggest banks. ... Read full article

The bank joins a small group of companies that believe short-term forecasts will ultimately help customers build healthier financial lives. ... Read full article

FS-ISAC hopes banks and data aggregators will adopt the updated standard for sharing customer account data. ... Read full article

In what could be seen as a mea culpa for CEO Jamie Dimon's disparagement of bitcoin five months ago, the Wall Street megabank has released a big and relatively bullish report on cryptocurrencies. ... Read full article

Early adopters of The Clearing House’s Real Time Payments network have built gateways and accelerated fraud detection systems. ... Read full article

For many newcomers to the U.S., establishing credit is a big challenge. A handful of entrepreneurs are developing tools to help verify their financial histories. ... Read full article

Marquette Bank is proof that community banks don't have to be the fastest or flashiest to compete with online lenders. Instead, the Chicago bank closely mirrored fintech offerings while promoting personal service to set itself apart. ... Read full article

Its latest partner, Mantl, has built software that lets consumers open accounts in four minutes. In such alliances Radius seeks expertise it lacks, gets heavily involved in product development, and tries to balance the spirit of innovation with the demands ... Read full article

Overstock will offer automated investing to its millions of shoppers. Some financial advisers reacted with a shrug, but are they underestimating the move? ... Read full article

Digit, which launched as an automated savings app in 2015, has decided chatbots are a flawed interface. Now it’s redesigning its popular app to reflect its new vision. ... Read full article

Large banks have begun sharing their adjusted gender pay gap ratios — how much women are paid versus men for similar jobs. The trouble is, they don’t have similar jobs. ... Read full article

The nation’s two largest banks don't want the credit risk associated with the transactions. ... Read full article

The few U.S. banks embracing data sharing say the industry is moving toward the standard. ... Read full article

Regulatory scrutiny of Tether and Bitfinex is spooking investors, though others argue the industry remains strong. ... Read full article

Bankers would like to take advantage of digital marketing tools that target customers similar to their own, but there are persistent fears that doing so could make financial institutions run afoul of regulatory restraints. ... Read full article

The tool runs the numbers and tells small-business people if they would qualify for an SBA loan, and if not, what they need to do to become eligible. ... Read full article

As it secures new funding and creates a joint venture in Japan, Moven says it is close to becoming a full-fledged U.S. “challenger” by purchasing a traditional bank. ... Read full article