News Topic: bank-technology

The explosive growth of largely unregulated online lenders has given them new opportunities to prey on unsuspecting borrowers. ... Read full article

It took three or so days to settle stock trades. What if that could happen instantly and be recorded on a blockchain for everyone to see? ... Read full article

For all the excitement about the blockchain's potential to shake up the financial industry, few people understand how it works. The really revolutionary part of the blockchain process is how miners manage to keep records of transactions accurate and ... Read full article

Let Target's settlement with MasterCard over the retailer's massive data breach serve as a reminder of the need for all participants in the payments system to play by the same set of rules. ... Read full article

Although more than half of younger shoppers are already willing to use wearables to make in-store payments, we are still firmly in the age of the smartphone. ... Read full article

A new wave of artificial intelligence applications work by crunching financial data to answer customers' questions. This may give financial institutions a leg up over their nonbank competitors, since the latter group tends to lack vast reserves of ... Read full article

It's difficult to draw useful lessons from a small pilot, since banks typically stack the deck for success. Trying out new projects at average locations that serve average customers can give banks a much better picture of the obstacles that lie ... Read full article

A new wave of artificial intelligence applications work by crunching financial data to answer customers' questions. This may give financial institutions a leg up over their nonbank competitors, since the latter group tends to lack vast reserves of ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including how convenience may help banks beat out Silicon Valley and whether community banks can reduce their regulatory burden on their own. ... Read full article

Bankers give too much credence to futurists and financial gurus who warn that technology will render the in-branch experience obsolete. ... Read full article

Fintech startups offer affordable loan rates and fast turnaround times. But banks have the advantage of offering multiple services all under one roof Â-- or website. ... Read full article

Supporting Apple Pay cuts into banks' profits. But it's worth it to stay relevant in today's fast-moving mobile payments business. ... Read full article

For all their talk, banks are still sorely lacking when it comes to creating a great user experience in their digital channels, as this unhappy customer can attest. ... Read full article

For all their talk, banks are still sorely lacking when it comes to creating a great user experience in their digital channels, as this unhappy customer can attest. ... Read full article

Using scant evidence of women's participation in the digital currency industry to foreshadow Bitcoin's demise is not only erroneous, but also impertinent. Though the number of women in Bitcoin may be small, the collective impact of their ... Read full article

Banks that use biometric technology should remember to take client and employee privacy concerns seriously. After all, banks have a duty to protect personal information and prevent its potential misuse. ... Read full article

The world needs a financial system that moves money with real-time transparency while upholding the highest level of security and privacy. Digital currency and mobile money services can help get us there. ... Read full article

The banking industry as a whole will survive startups. But many individual banks will fail to make the changes necessary to stay relevant in a rapidly changing market. ... Read full article