bank-technology

Better Data Is Key to Bank Alternatives to Payday

06/08/16

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

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A Neobank's Prognosis for Neolithic Banks

06/06/16

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

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The Real Fintech Threat Isn't from Startups

06/03/16

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

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Five EMV Myths the Card Industry Wants You to Believe

06/03/16

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

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Bank Be Nimble, Bank Be Quick

06/02/16

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.

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The Wisdom (Or Lack Thereof) of The DAO

06/01/16

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.

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High-Cost Credit Better than No Credit? Not Necessarily

05/31/16

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.

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Has Google Removed a Key Barrier to Mobile Onboarding?

05/31/16

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

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Flashback: Banks' Disruption Fears, Circa 1994

05/27/16

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, "there is no time for delay."

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Real Loser in Visa-Walmart Dispute? Card Security

05/26/16

In the ongoing melee between the two major players, strong authentication has been put on the backburner in favor of the respective economies of implementing chip card technology.

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