Bank technology

B of A data center closings, severance to cost $425M in 2Q

05/31/17

The company will record a $300 million charge to cover the elimination of three data centers and book $125 million in broader severance costs.

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Are ATMs sitting ducks for WannaCry-style cyberattack?

05/30/17

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

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Why small businesses are more willing than ever to switch banks

05/30/17

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.

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Breaking Banks: AI, fintech and regtech

05/26/17

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

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This is how financial services chatbots are going to evolve

05/26/17

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.

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How banks can cut security risks posed by email hoaxes

05/25/17

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.

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BBVA and B of A move to make data sharing safer, less painful

05/24/17

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

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Scrap screen scraping? Europe's finding it's not that simple

05/24/17

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

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Regtech startup's mission: Find real terrorists, avoid false alarms

05/23/17

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

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Savings app maker Long Game raises $4M

05/23/17

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

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