bank-technology

You've Heard of Fintech, Get Ready for 'Regtech'

09/07/16

Fintech is transforming consumer financial services, but automation and data innovation can also help banks meet their growing regulatory demands.

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Regulatory Ambiguity Is Slowing Bank Adoption of Cloud Services

08/30/16

Banks need more specific guidance that clarifies requirements around vendor contracts, risk assessments, data management and other issues.

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A Secure Alternative to Screen Scraping

08/24/16

Screen scraping is an out-of-date way to share transaction data with mobile apps and services. It's high time for banks to invest in OAuth, a protocol that lets customers access their financial data in a portal of their choosing and is secure.

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Screen-Scraping Angst Is Overblown

08/23/16

Sure, there is an inherent business tension between banks' digital offerings and personal financial management software. However, the ground rules for making account data available to consumers for use in external software products and apps are in place and the so-called rivalry is overblown.

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AI's Disruption of Banking Is Inevitable - For Better or Worse

08/19/16

Stakeholders must come together to make sure that artificial intelligence disrupts banking in a manner that incorporates constitutional values and provides responsible banking services to everyone.

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Blockchain Is Supposed to Work in the Background

08/17/16

Rather than as an application that solves immediate business needs, blockchain's success is more plausible as a protocol layer on which applications are built.

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Here's What the Bitcoin Naysayers Get Wrong

08/15/16

Bitcoin skeptics continue to misunderstand a technology that could forever change the way financial services operate. Here are four common Â-- and incorrect Â-- beliefs on why bitcoin will fail.

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Flashback: The Dawn of Mobile Banking

08/12/16

In 2008, the smartphone revolution had begun but there were no mobile-first banks and brick-and-mortar institutions were still watching whether mobile banking would actually catch on with consumers.

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Time for Online Lenders to Get Serious About Disclosure Boxes

08/11/16

Small-business owners are struggling to understand the cost of loans sold by marketplace lenders. To remedy this, the industry must embrace a disclosure box that includes these five principles.

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Fintech Has Forced Banks' Hand on Blockchain, AI Adoption

08/10/16

Banks need to embrace technology that can deliver the speed and personalization millennials have come to expect or risk losing this customer segment to fintech companies for good.

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