News Topic: Bank technology

"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns. ... Read full article

Theft and money laundering are both thriving in the crypto world, according to a report released Tuesday by CipherTrace. ... Read full article

A new standard would make financial apps work together the way iPhone apps do. Twelve large banks, including JPMorgan Chase, Morgan Stanley and RBC, are already using it. ... Read full article

The Illinois commercial bank gained a new role when it realized it shared the same digital transformation challenges as its customers. ... Read full article

It usually costs small businesses a lot of time and money to calculate their own value. TD Bank is offering them a free digital tool that performs the task quickly. ... Read full article

Disruptive upstarts. Glitches galore. Open banking adoption. Financial institutions are being challenged on multiple fronts — here’s a look at how they’re coping. ... Read full article

Zach Gipson, chief innovation officer at USAA, believes in putting new technology, like chatbots, out there and learning from customers' reactions. ... Read full article

Startups such as BREAUX Capital are trying to reach consumers historically underserved and underrepresented in financial services. ... Read full article

Nyca Partners is now an investor in enterprise blockchain, but in 2014 it had doubts about the technology. ... Read full article

In focus testing for its digital-only app, Finn, Chase learned users wanted a standalone brand that still offered some traditional features, such as paper checks. ... Read full article

The graduates of this year's Fintech Innovation Lab New York, chosen by executives at 43 banks, are focusing on improving artificial intelligence, solving IT issues and providing a better customer experience. ... Read full article

The company said the aim of a redesign and additional automation is to make its compliance software easier for bankers to use. ... Read full article

Denver-based P2Binvestor plans to use the new funds to expand its bank partnership program. ... Read full article

The quest for fast payments is advancing on the consumer side, but most banks are said to be undecided about a host of issues tied to speeding up transactions between businesses. ... Read full article

Jonathan Walker of the Center for the New Middle Class and Mark Schwanhausser of Javelin kick around ideas for helping women caught in a subprime trap. ... Read full article

Banks are more established organizations that cannot afford to take the same shortcuts and risks as startups do in fintech development, executives said. ... Read full article

Savvy fintechs are providing automated advice, dashboards and financial monitoring for families of people over 50. ... Read full article

Big banks and wealth managers are unwilling to sacrifice fee income and make other changes to catch up with their customers' digital demands, fintech leaders said. ... Read full article