Bank technology

USAA lets members bare their financial souls to Alexa

08/02/17

Customers can ask Amazon’s virtual assistant about account balances, spending habits and financial questions that they may be too embarrassed to ask a human.

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Steep fees call into question bitcoin’s promise for the underbanked

08/01/17

As an open network, bitcoin is in one sense the most inclusive financial system imaginable. But for now, transfers of the cryptocurrency are priced like a luxury good.

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Bank cybersecurity may need a new mindset

08/01/17

A jumble of security vendors and lack of cohesive planning weaken many banks’ cybersecurity defenses, experts say.

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Why banks should embrace ICOs — from a lawyer

08/01/17

Christine Duhaime, an anti-money-laundering attorney in Toronto, lays out the reasons banks should become early experts in and assist in initial coin offerings. She also lays out the risks, especially in the wake of the SEC’s report suggesting some ICO tokens are really securities.

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'Social Security for all': Is universal basic income the answer to volatility?

08/01/17

A spike in income volatility has some banks working on ways to help people cope, and now the fintech think tank Y Combinator Research is planning to test a possible solution, albiet a controversial one. Have you heard of "universal basic income" yet? You probably will.

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How Wells Fargo's cyberwarriors stay battle-ready

07/31/17

Large banks like Wells Fargo have started using "cyber ranges" and "red teams" to respond to real cyberattacks on virtual versions of their real systems.

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Prosper pulls plug on anti-ID-theft app

07/31/17

The app, formerly known as BillGuard and a favorite of many fintech insiders, helped users protect their identities and monitor their credit scores.

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Blockchain tokens may be the future of finance — if regulators allow it

07/28/17

Startups and open-source software projects have raised $1.3 billion this year through initial coin offerings. The real boom may still lie ahead, fears of a bubble notwithstanding.

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‘Neither Mad Max nor Orwell’: ID startup walks a fine line

07/28/17

GlobalID stands out from scores of similar companies and projects by attempting to wed self-sovereignty with regulatory compliance. If its technology works, it could alleviate a major cost for banks.

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TD Bank’s tech strategy for becoming a bank of the future

07/27/17

Luring developers from Silicon Valley and cloud computing are among the bank’s strategies for staying competitive in a changing tech environment.

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