News Topic: bank-technology

The Office of the Comptroller of the Currency's recent white paper is a great first step in promoting innovative collaboration between banks and fintech, but companies need clearer guidelines on what regulators expect of them. ... Read full article

The distributed ledger technology has an answer for updating every core function of the antiquated financial system. ... Read full article

Small-scale financial services companies such as storefront lenders and local money transmitters which use technology should have a choice of whether they are regulated by a state or federal regime. ... Read full article

While bitcoin is viewed as "secret currency," the technology behind the cryptocurrency is immensely useful to financial services companies in preventing hacking. ... Read full article

The Federal Deposit Insurance Corp.Â's request for input on mobile financial services allows banks to promote how their mobile app helps the underserved, which is a plus when seeking merger approval. ... Read full article

As smartphone-carrying baby boomers retire, banks can no longer ignore seniors' unique digital banking needs. ... Read full article

Success rates vary wildly for innovation labs, but some basic principles increase a bankÂ's chances of the incubation process leading to viable product expansion. ... Read full article

Innovation in financial services faces a hurdle in the narrow, short-term profit motives of predatory patent trolls. Here is what startups can do to ward off attacks. ... Read full article

While banks should be wary of potential restrictions on the H-1B visa program, policymakers should be mindful of the consequences of limiting H-1B visas too severely. ... Read full article

Long before daily talk of fintech, blockchain and APIs, the number of U.S. banking customers who used at-home services once amounted to the population of a small suburb. ... Read full article

Traditional banks are not likely to match the nimbleness of a fintech startup for a whole variety of reasons. But that doesn't mean all is lost. ... Read full article

Federal rules for technology-based firms providing the fast-moving sector certainty and consistency would be a benefit, even if rules are suboptimal. ... Read full article

Before banks are truly integrated into the digital landscape, they must break down data silos and implement steps to make data more accurate and actionable. ... Read full article

To get more Americans into the financial system, the industry must find ways to help more people get access to the Internet. ... Read full article

Retail banks must reinvent the way they charge consumers for their services at a time when institutions are struggling for profitability. ... Read full article

Regulators and lawmakers must exercise healthy caution before granting fintech firms preemptive powers via national bank charters or otherwise. ... Read full article

Regulators are right to target overdraft and other fees as obstacles to banks offering affordable checking account options, but thatÂ's just the beginning in developing transactional products that work for consumers. ... Read full article

U.S. Bank's steep price for instant payments risks limiting the feature's appeal. Rather than overcharging, banks need to think longer-term about how to drive payments volume. ... Read full article