News Topic: bank-technology

The recent White House fintech summit was helpful in exposing companies to regulators, and vice versa, but we need to strengthen the lines of communications even more. ... Read full article

Contrary to doom-and-gloom attitudes of some about banks' ability to compete for millennials' business, the industry will build on its history of innovation to meet the technology needs of future customers. ... Read full article

Even though innovative underwriting criteria can help more people get credit, the risks and potential harms of mining social media data to make loan decisions might just be too great. ... Read full article

Instead of fighting to own customer data, banks need to embrace a new model: becoming personal data banks that help customers do more than manage money. ... Read full article

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations. ... Read full article

As banks try to acquire new customers via digital channels, they should add content marketing strategies into their lineups. ... Read full article

Cybercriminals understand psychology just as much as they do technology. Here are steps your bank employees must take to mitigate the risk of phishing and other attacks. ... Read full article

Nonbanks now set the digital banking experience bar, but in less than a decade large banks will have swallowed them up and will have become digital financial superstores. ... Read full article

The prospect of banks and credit unions meeting small-dollar loan demand is at risk under the Consumer Financial Protection Bureau's restrictive proposal. ... Read full article

Fintech firms and banks should collaborate on using alternative data sources to qualify more borrowers for small-dollar loans. ... Read full article

Embracing technology that gives innovators access to their platforms will provide banks with the upgrade they sorely need. ... Read full article

Well-established tech giants like Amazon and Google pose a more formidable threat to banks than the thousands of startups populating the fintech market. ... Read full article

The Electronic Payments Coalition's arguments supporting Visa in its legal battle with Walmart are not based in fact. ... Read full article

How Eastern Bank pulled off something few community banks have: launching a digital lending product that the 197-year-old mutual dreamed up in its innovation lab. ... Read full article

The idea behind The DAO is to act as a decentralized investment fund that leverages the wisdom of crowds. But sometimes the crowd doesn't necessarily offer the wisest counsel. ... Read full article

The idea that restricted access to loans for poor-credit borrowers is unequivocally a bad thing is based on industry talking points that don't stand up to real world scrutiny. ... Read full article

Instant Apps could give banks a better option for transitioning customers from a quick and easy account opening to a more robust banking experience. ... Read full article

Well before the mobile payments explosion, incumbents were already focused on how to respond to nonbanks "piggybacking" on banks' payments infrastructure. As the consultant behind a 1994 banking industry report on the threat put it, ... Read full article