News Topic: Bank technology

Regalii has changed its name to arcus and switched from cross-border bill payment to helping banks use tokenization to reissue lost, stolen or breached cards. ... Read full article

Fair Square Financial has received a $100 million equity investment from the Orogen Group to fund a credit card designed for underserved U.S. consumer segments. ... Read full article

As more consumer data is shared across banks, fintechs and data aggregators, the industry is asking for regulators to step in with better guidance. ... Read full article

It can be difficult for financial services companies to glean customer insights from the abundance of information they have. ... Read full article

The bank is using AI in its chatbot, in trading and other areas. It also has concerns about the potential for bias to creep into the software. ... Read full article

A new set of principles by Envestnet’s Yodlee, Quovo and Morningstar's ByAllAccounts aims to settle a much-debated issue in data sharing: which party is liable when a hack occurs. ... Read full article

Manuela Veloso, head of the machine learning department at Carnegie Mellon University, will join the bank in July. ... Read full article

The move is part of a larger trend to provide enterprise customers with tech capabilities available to retail customers. ... Read full article

Citigroup, Synchrony and other banks are using so-called "journey analytics" to spot weaknesses along the entirety of a customer's interactions with the bank. ... Read full article

The program has expanded to seek startups in Chicago and Wisconsin for mentoring and potential partnerships. ... Read full article

More than 1 million jobs will be lost to AI by 2030, according to one estimate. But new jobs are also being created. Are banks and their employees ready? ... Read full article

Onboarding technology isn't enough if the account opening process is too cumbersome, a J.D. Power survey finds. ... Read full article

Leader Bank says it can land property managers as commercial clients by helping them handle tenant deposits — and possibly create opportunities to boost CRE lending. ... Read full article

A bank that can deliver a loan decision a little faster, or ask a client to input information just once, could get a leg up on the competition. But some executives are skeptical of software sales pitches and fear overpaying. ... Read full article

The fintech wants to facilitate loans for elective surgeries, auto repairs and jewelry purchases, but regulatory uncertainty — at the state and federal levels — casts a cloud over its business model. ... Read full article

Prometheum wants to win the SEC’s approval of its own token offering, paving the way for others shortly afterwards. ... Read full article

The investment bank has asked Rob Rooney, an executive who wore multiple hats at the company, to focus full time on the data-oriented strategy he has devised for its wealth management, capital markets and other functions. ... Read full article

The Michigan bank hopes conversational technology can get customers to talk more freely about their financial health. ... Read full article