News Topic: bank-technology

The cost of complying with New York State's proposed BitLicense regulations would wipe out many smaller digital currency businesses. But there is a middle ground: placing those businesses under the supervision of a self-regulating incubator that ... Read full article

Banking has less in common with industries like music and entertainment than it does with long-entrenched pharmaceutical, grocery store and airline businesses Â-- all of which can absorb the threat of new entrants by adapting to them. ... Read full article

Banks are increasingly focusing on smartphones and tablets as the primary platforms with which to engage customers. But do they really understand how Americans use mobile devices? ... Read full article

Apple Pay, Samsung Pay and Google Wallet are among the mobile payment services vying for dominance. Here's what every banker needs to know to get a game plan in place. ... Read full article

Apple Pay, Samsung Pay and Google Wallet are among the mobile payment services vying for dominance. Here's what every banker needs to know to get a game plan in place. ... Read full article

Social media data offers banks a vast, relatively untapped source of insights about everything from marketing to identifying new customers, talent and potential risk management issues. The key is assembling a team that knows how to mine social media for ... Read full article

Banks will only be able to compete with nimble digital startups if they invest in a diverse portfolio of fintech initiatives and avoid foisting traditional, buttoned-down cultures onto fledgling partners. ... Read full article

Countries including Brazil, Nigeria, Malaysia and India have proved that there are viable ways to find alternatives to branches, use mobile devices to increase the reach of financial services and roll out government-supported financial inclusion projects. ... Read full article

Before banks close a branch office or make dramatic cuts in the workforce, they should make sure they're prepared for the social media fallout. Banking is a controlled, regulated environment. Bankers don't like risk. They scrutinize, analyze, ... Read full article

Mobile wallets will undoubtedly become more popular with time, but plastic cards won't be easily killed off. We add to payment options to increase security, options and convenience. ... Read full article

There is a leadership void in payments innovation. The Fed has the ability and the historic precedent to take up the mantle. ... Read full article

Correspondent banking has long relied on a costly, multistep process to settle transactions. Now banks must weigh whether to adopt cryptocurrency technology that allows for faster, cheaper settlements or risk getting pushed out of the business entirely. ... Read full article

Bitcoin's premise is that an open-source computer protocol could support a new global currency, without reliance on the centralized power of banks and governments. But trusting a computer protocol, without human governance, doesn't make sense. ... Read full article

Banks' business models are even more vulnerable to a massive shakeup than industry behemoths like McDonaldÂ's and Coca-Cola. The industry will be redefined by technological change and shifting consumer preferences, as well as by regulations that ... Read full article

This week's White House Summit on cybersecurity at Stanford University comes at a pivotal time for payment and security professionals, which have an opportunity to cooperate to fight Internet crime. ... Read full article

Bankers originally needed to shorten their hours in order to allow for the laborious paperwork involved in processing financial transactions. Now thereÂ's no such justification for closing shop. ... Read full article

It's not enough for bank chiefs to delegate digital responsibilities to younger staffers. Only by understanding the mentality of tech-savvy customers can bank leaders develop smart strategic planning. ... Read full article

Critics of online alternative lenders argue that their underwriting models are unproven and that a financial crisis could bring the whole industry crashing down. But while Lending Club and other startups may be relatively new to the scene, they're no ... Read full article