News Topic: Internet of things
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The point of sale isn't just changing — it could disappear
Mastercard teams with Verizon to use 5G for digital checkout
Point-of-sale technology gets more muscle
Turning up the volume on Alexa
Consumer response to banking by smart speaker has been underwhelming. But a handful of financial institutions keep plugging away in hopes customers warm to the advantages of verbal commands instead of pushing buttons. ... Read full article
Voice banking's ascent and other takeaways from CES
One banking-related highlight of the show was an announcement from HSBC and Google of a real-time conversation translator for Google’s nest hub. ... Read full article
The rise of the invisible bank
Digital banking will become less visible because it will be embedded in other daily activities with the help of AI, voice interfaces and other emerging technologies. ... Read full article
Facebook's Libra turns foes into allies in regulatory face-off
Facebook is focusing the initial discussions around its cryptocurrency project as a preemptive strike against the privacy and legal concerns the public and politicians have about the huge social network. ... Read full article
How HSBC is spending its $17 billion tech budget
Jeremy Balkin, head of innovation at HSBC Bank USA, shares how the bank is investing in retail innovation, including a $350 million core system. ... Read full article
The smart fridge and other tech in Wells Fargo’s innovation lab
Shari Van Cleave, head of digital labs at the bank, discusses customer-facing technology it's testing, including wearables and the so-called internet of things. ... Read full article
Wells Fargo, PayPal back effort to fund female fintech entrepreneurs
Female startup founders consistently receive far less venture capital money than male founders, but a program by Quesnay is looking to change that. ... Read full article
One banker’s take on the Consumer Electronics Show
Todder Moning of U.S. Bank scoured the 2.7 million square feet of the Consumer Electronics Show this week. Here’s what he liked, what he thinks bankers could work with ... and what he thought was weird. ... Read full article
Banks need to think outside the app
Banks need to stake out a presence on platforms that have nothing to do with banking. ... Read full article
SunTrust's AI investment fuels a future of payments by digital assistants
Banks are facing the potential of disruption by digital assistants from Apple, Amazon and Google — and are pouring money into machine learning to provide their own option for automating consumers' financial lives. ... Read full article
SunTrust's AI investment fuels a future of payments by digital assistants
Banks are facing the potential of disruption by digital assistants from Apple, Amazon and Google — and are pouring money into machine learning to provide their own option for automating consumers' financial lives. ... Read full article
Umpqua names leadership for innovation unit
It will be the third collaboration together for the new CEO and CTO at Pivotus Ventures. ... Read full article
8 takeaways from Digital Banking 2018
From the opportunities — and threats — in artificial intelligence to envisioning a world in which "Wi-Fi is like air," here is what everyone was buzzing about at American Banker's Digital Banking conference. ... Read full article
The internet will be everywhere, in everything. Banks better be, too
Banks will need to evolve further and faster to reach consumers in an interconnected, always online world, according to industry leaders. ... Read full article
Why banks should care about ‘ambient’ computing
Dominic Venturo, chief innovation officer at U.S. Bank, shares his vision for digital banking ten years from now. It includes ambient computing – interconnected devices, machines and sensors that are sensitive and responsive to the presence of people. ... Read full article
'Siri, Alexa, Google — why can't I pay for things with you?'
The rapid adoption of voice assistants only adds to the notion they could one day be disruptors in commerce, payments and financial services. ... Read full article
