News Topic: bank-technology

Nobody enjoys the experience of making a payment Â-- so a growing number of companies are likely to follow Uber's lead and make transactions so easy they're practically invisible. That means banks will have to ramp up their efforts to become ... Read full article

The health care system is riddled with excess capacity, huge legacy costs, out-of-control expenses and regulations even more onerous than those in banking. And just as in banking, high-tech startups are shaking up the system. ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including ideas about how to improve disclosure requirements and ways to encourage banks and young tech firms to join forces. ... Read full article

As technological problems forced the New York Stock Exchange to grind to a halt Wednesday, financial services insiders and observers weighed in on the vulnerabilities of increasingly electronic financial systems. ... Read full article

As technological problems forced the New York Stock Exchange to grind to a halt Wednesday, financial services insiders and observers weighed in on the vulnerabilities of increasingly electronic financial systems. ... Read full article

While some predict that fintech startups will soon overthrow banks, a boom in partnerships between the two industries is far more likely. Startups will benefit from access to new markets and infrastructure, while banks will stay on the cutting edge of ... Read full article

There are plenty of opportunities for banks to collaborate with the tech startups that are driving rapid change in the financial industry. But first they need to find innovative ways to address systemic challenges like compliance as well as cultural ... Read full article

You'll find many disruptors in banking, but startups like Moven aren't among them. In essence, virtual banks simply dress up web storefronts to look like banks but offer one-tenth the services. ... Read full article

In order for a blockchain to succeed, it needs to be a public resource. That means few alternative blockchains are likely to achieve much traction outside a small niche. ... Read full article

Apple realizes that retailers are uniquely well-positioned to encourage mobile payments adoption. That's why the company's decision to start accepting retailer loyalty cards on Apple Pay before launching a loyalty program of its own makes good ... Read full article

It's hard to get consumers and merchants to change their behaviors. But eventually the convenience and well-crafted incentives of mobile payments will prompt people to give up the plastic habit. ... Read full article

It's hard to get consumers and merchants to change their behaviors. But eventually the convenience and well-crafted incentives of mobile payments will prompt people to give up the plastic habit. ... Read full article

While marketplace lenders like LendingClub and Prosper are at the cutting edge of innovation for now, banks may gain ground eventually. Either way, the competition greatly benefits the expanding pool of borrowers who will have greater access to credit. ... Read full article

Multinational banks that delay preparation for the European Union's proposed General Data Protection Regulation could pay a steep price: hundreds of millions of dollars in fines. ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the pitfalls of using alternative data to score "credit invisibles" and whether Benjamin Lawsky's successor should play nice with big ... Read full article

Apple Pay's security shortcomings were likely deliberate, done with the goal of making signups and initial usage as easy as possible for shoppers. And so far, it's worked. ... Read full article

Apple Pay's security issues were deliberate Â-- done with the goal of making signups and initial usage as easy as possible for shoppers. ... Read full article

Facebook's new Instant Article service for publications underscores the competitive threat that the site's business model poses to banks. There's one particular feature that should have banks worried: because Facebook's primary ... Read full article