News Topic: bank-technology

A service that used to be a no-brainer for banks is now hampered by limited revenue and a hard-to-justify cost structure. ... Read full article

Millennials may have initially been the primary target for digital banking services, but we must bust the myth that they're the only ones craving innovation. ... Read full article

International money transfers have not enjoyed the improvements in transparency and cost that are benefiting other products. That must change to move the remittance market forward. ... Read full article

Labor-intensive cross-marketing programs, which were beyond the scope of small marketing departments, are suddenly feasible thanks to automation. ... Read full article

As a recent college graduate, I could have been more engaged with my longer-term financial health had I had today's fintech tools at my disposal. ... Read full article

As fintech pitches itself as the future of consumer financial services to bankers, regulators, legislative staffers and journalists, it's not enough to claim that innovations are better. We nontechies want an explanation why, in layman's terms. ... Read full article

Many emerging innovators want to incorporate digital advances into the incumbent financial services sphere, not necessarily leapfrog banks. ... Read full article

Implementing discrete changes to a core system to compete with disruptors is merely dressing up an arsenal that really should be replaced or overhauled. ... Read full article

For all the attention nonbank fintech firms get, they still have a long way to go before winning over key customer segments, such as business banking customers. ... Read full article

A concept that predated bitcoin itself is becoming more than a thought exercise as blockchains explore ways to harness smart contracts for greater uses. ... Read full article

At the start of 2015, there was a sense that Silicon Valley would soon rule the world of finance and that banks risked irrelevance. A year later, a more balanced picture has emerged. ... Read full article

Banks claim bandwidth and security concerns led to interruptions for personal finance apps, but institutions still resist a more secure and efficient portal. ... Read full article

Despite increased investment and development in the consumer payments space around mag stripe, EMV and contactless payments solutions, there is still a huge concern when it comes to data theft. ... Read full article

Developing banking solutions for lower-income consumers means getting to the heart of the financial volatility they face trying to make ends meet. ... Read full article

The United Kingdom has already seen the emergence of mobile-first institutions that have won regulatory approval for a banking charter. It is only a matter of time before they invade the U.S. market. ... Read full article

For an industry on the precipice of redefining what a bank is and does, there's a disturbing absence of effort to welcome more women. ... Read full article

Branches using technology to issue cards on the spot leads to increased card usage, so banks should aim to maintain instant issuing capability with the EMV conversion. ... Read full article

A customer's social media presence provides a window to the soul, which a more traditional credit history cannot touch. ... Read full article