Bank technology

Bank account data could help lenders avoid IRS tax transcript delays

06/20/18

Paycheck information gleaned from bank accounts is emerging as an alternative to verifying a mortgage applicant's income and employment with a 4506-T tax transcript request to the IRS.

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U.S. Bank marketing robo adviser beyond the millennial set

06/19/18

The Minneapolis bank is pitching the automated investment advice product, a joint venture with a BlackRock unit, to a wide range of age groups, not just younger consumers.

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Getting banks to break up with their vendors: SigFig wants in

06/19/18

In an investor-backed power play, the robo tech firm wants banks to turn to it instead of traditional core software providers as they upgrade to digital-banking-friendly technology.

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They liked this digital banking company so much, they bought it

06/18/18

Three years ago the core provider Finastra sought the help of Malauzai to meet customers' cutting-edge technology demands. This week, it bought the software maker.

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Where is State Street deploying AI? Everywhere

06/18/18

Reconciling accounts, predicting market turns and their effects on portfolios, and even answering client faxes (yes, faxes) can all be done better with artificial intelligence, the custody bank says. Experts describe it as a cutting-edge program.

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Ransomware is taking a toll on banks. Here’s how they’re fighting back

06/15/18

Of all the types of malicious software targeting businesses, ransomware continues to be one of the most pervasive, according to recent studies. Here's an overview of the things banks, especially small ones, are doing to stop it.

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'Stop hiring people with banking experience'

06/15/18

To be future-proof, banks need data scientists, behavioral psychologists, experienced designers, and community advocates, King says.

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Ether is not a security, top SEC official says

06/14/18

It’s possible for a cryptocurrency to begin as a security and then transform into another type of asset, said William Hinman, who heads the regulator's division of corporation finance.

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How lattes and AI fit together at Capital One

06/14/18

Opening internet cafes and investing in new technology are part of an effort to provide nimble, efficient services, the bank's CFO said in a strategy talk.

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A realist's view about compliance merits of AI

06/14/18

Ellen Zimiles, global head of investigations and compliance at Navigant Consulting, shares what she's learned about testing and implementing AI in compliance departments, filing defensive SARs, and hiring the right people to maintain an AI system.

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