Bank technology

Citi, PNC invest in B-to-B payments fintech

02/14/18

The investment continues a trend of banks focusing on commercial payments technology.

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Three things an AI chatbot taught an Israeli bank

02/14/18

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

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Digital investment advice spreading to regionals

02/13/18

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.

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‘Am I about to overdraft?’ Wells app predicts consumer behavior

02/13/18

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

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Data-sharing spec revised to encourage open banking

02/13/18

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

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JPMorgan: Cryptocurrencies 'could potentially have a role' in investor portfolios

02/13/18

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.

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Citi, SunTrust provide a road map to real-time payments

02/12/18

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

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Fintechs find another untapped market: New immigrants needing credit

02/09/18

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.

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When fintech lite is the right small-business lending strategy

02/08/18

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.

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Fintech partnerships can work (see: Radius Bank)

02/07/18

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 of compliance.

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