Bank technology

Add Wells Fargo to list of banks testing predictive budgeting tools

05/04/17

Wells Fargo is piloting features that could help customers boost savings or plan for a trip.

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New edge with commercial clients: Teaching their employees to save

05/04/17

First Financial in Ohio says financial health tools for its client’s employees will build more lasting commercial banking relationships.

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Wells Fargo’s chief marketer talks navigating a crisis

05/03/17

Part of Jamie Moldafsky's job at Wells these days it taking an earful on social media, but the immediate feedback offers important lessons about the bank's products and efforts to rehab its image.

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Have rogue employees met their match in AI?

05/03/17

Large banks and Nasdaq are applying artificial intelligence to the detection of bad behavior such as fraudulent account openings and market manipulation. The technology may spot misconduct where humans didn’t.

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How technology mitigated a crisis in student loan ABS

05/03/17

Navient and Nelnet, the two largest student loan servicers, avoided downgrades on some $18 billion of bonds by extending their maturities. Getting the required consents from investors would normally take ages, but recent innovations speeded the process.

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Credit unions look to blockchain to solve digital identity crisis

05/02/17

Sovrin, a new blockchain for the creation and management of digital identities, may help credit unions save money and fight fraud while returning power to individuals.

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Customers will only embrace tech changes if staff does first

05/02/17

Bankers are well aware of the industry transformation taking place. However, they need to convince employees that change is worthwhile before turning reimagined business models into realities.

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Why community bankers should care about blockchain tech

05/02/17

Blockchain technology requires major change in people and processes and smaller banks need to prepare, according to Joe Dewey, an attorney at Holland & Knight and author of a new book about distributed ledger technology.

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The mobile app security hole that should keep bankers up at night

05/01/17

Researchers have found serious flaws in the way transport layer security protocols — a longstanding bulwark of online banking — have been modified for mobile apps.

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Breaking Banks: Fintech charter backlash; change our thinking!

04/28/17

American Banker's Rob Blackwell and Marc Hochstein discuss the pushback from state regulators and consumer advocates against the OCC's proposed charter; Chris Skinner and Jim Marous hold forth on fintech.

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