News Topic: bank-technology

Unlike the high-profile hacking incidents at big banks, smaller institutions have their own breed of threats such as cyberextortion that they must focus on in strengthening their security. ... Read full article

The Bank for International Settlements acknowledges that people may have legitimate reasons to prefer an anonymous payment system. ... Read full article

The rapid growth of competition from nonbanks has the potential to hit community banks harder than the mortgage meltdown. ... Read full article

The competitive environment has raised the importance and profile of marketing, but many banks are still trying to market themselves on a shoestring budget. ... Read full article

Legacy core systems make banks vulnerable to new competitors and risks. Modernization is underway, but many institutions are not moving fast enough. The risk of waiting too long is that it will take too long to catch up. ... Read full article

At a time when banking executives face constant change in the industry, it is time for community bankers to share what has worked hasn't worked for them to narrow the knowledge gap. ... Read full article

There is a time, a place and a customer base for pseudonymous cryptocurrency. For regulated financial institutions, other types of shared ledgers Â-- those whose validators are legally accountable for certain terms of service Â-- may provide unique ... Read full article

Although millennials are less trusting of financial advisors than older investors, there are still ways for wealth management firms to court younger clients. ... Read full article

All participants in financial services will have to start behaving, thinking, organizing themselves as technology companies and focus on three things: technology, data and customer (or, better yet, user) experience. ... Read full article

ThereÂ's no doubt that blockchain technology will facilitate disruptive innovations in finance, but a world of private ledgers sounds eerily similar to a range of Â"private Internets.Â" ... Read full article

With the EMV liability shift having just passed, banks and merchants alike are scrambling to comply with the card network-imposed deadline. ... Read full article

So many banks are running systems that were implemented before 1984, the year Mark Zuckerberg was born. TheyÂ're going to be dead meat in the age of real-time connectivity in the near-free world of todayÂ's mobile Internet. ... Read full article

While migration to cards with chip technology should help mitigate card fraud, additional steps by retailers and more layers of security are needed. ... Read full article

EMV card technology has fully replaced traditional magnetic stripe cards in virtually all developed countries except the U.S. In these markets, it's proven to be an effective technology to reduce fraud for card-present transactions, forcing ... Read full article

The U.S. might be ahead of the rest of the world in some areas of security, but when it comes to protecting against credit card fraud, we're way behind. ... Read full article

Banks are being "unbundled" by challengers in numerous business lines, but they can recapture the relationship with the help of technology and the right mindset. ... Read full article

Bank of America's ops and tech chief is looking to discuss the Internet of Things, innovation, diversity and recruitment at this week's global wholesale banking conference. ... Read full article

Bank of America's ops and tech chief is looking to discuss the Internet of Things, innovation, diversity and recruitment at this week's global wholesale banking conference. ... Read full article