News Topic: Bank technology

ATMs tend to run on older versions of the Windows operating system, which potentially makes them targets for ransomware that preys on such vulnerabilities. ... Read full article

A new survey finds that 14% of small and medium-size businesses switched banks last year and 18% are considering switching this year. Doug Brown senior vice president of FIS, explains why, and what banks should do about this. ... Read full article

Jo Ann Barefoot, a former deputy comptroller of the currency, discusses her regtech startup Hummingbird. ... Read full article

Today’s primitive question-and-answer programs will mature into sophisticated conversational agents, which will help customers transact and may even be capable of understanding emotional cues, experts say. ... Read full article

Two related and equally humiliating cases of high-level bankers completely falling for fake emails illustrate the dangers of social engineering and the need to better protect executives and other employees from themselves. ... Read full article

Europe is debating whether to ban screen scraping, a practice that fintechs count on as a last resort. Innovation is at stake. ... Read full article

The Spanish bank is opening its APIs to outside developers as Bank of America tests a new data-sharing model with aggregators. ... Read full article

Merlon Intelligence, a startup launching Wednesday, plans to offer banks AI software that will help them with their expensive compliance responsibilities. ... Read full article

Long Game uses behavioral economics and the mass popularity of lottery games to redirect lottery spending toward savings. ... Read full article

The money will be used to hire more people. It is also a morale boost for the group, which has suffered some high-profile recent defections. ... Read full article

David McLaughlin, founder and CEO of QuantaVerse, discusses how artificial intelligence can improve anti-money-laundering compliance; the problems of de-risking and "defensive filing" of suspicious activity reports; the Clearing House's ... Read full article

The gray-bearded ATM would seem like a goner since mobile usage is surging and cash withdrawals are flatlining. But banks such as JPMorgan, B of A and PNC are pouring money into overhauling them in a bid, oddly enough, to attract a younger generation of ... Read full article

Nasdaq and Citi are partnering to utilize blockchain technology to expand and improve cross-border and private company securities payments. ... Read full article

A dozen years after it pioneered the technology, the company now says any bank or credit union using RDC is infringing on its innovation. ... Read full article

The creators of a top "altcoin" are building privacy features for JPMorgan's blockchain platform. ... Read full article

From digital lending solutions for U.S. community banks to Sharia-compliant finance in Africa ... Read full article

Several firms are betting they will be able to help banks create platforms that allow customers to design their banking services. ... Read full article

Wells Fargo is expanding its fintech accelerator so it is better positioned to connect with customers through channels like the internet of things. ... Read full article