News Topic: Technology

The bank consortium is going directly after the business of its former partner Ripple in the middle of their legal battle over an option for digital currency worth $1 billion. ... Read full article

A planned spinoff, combined with several new ventures, should help BankMobile turn the corner, says Luvleen Sidhu, the digital-only bank's president. ... Read full article

While fintech companies have helped change our understanding of what is possible in financial services, disruptors have largely ignored an important user base. ... Read full article

Tel Aviv is home to some of the world's top cybersecurity talent, the bank said. ... Read full article

The breadth and pace of change across banking and the rest of the business world is rapidly escalating, posing challenges for financial institutions and the economy alike, according to Robert Kaplan, the president of the Federal Reserve Bank of Dallas. ... Read full article

PwC reports a modest improvement in its gender pay gap. A study finds a big gender pay gap in the U.K’s financial services industry. Plus, female founders speak out about sexual harassment and explain why they kept quiet before. ... Read full article

Trump administration’s “lighter” regulatory proposal signals that banks may finally have entered a “post-crisis” era; IBM rolls out Watson artificial intelligence tools to deal with regulations. ... Read full article

The Florida Bankers Association recently canceled a fintech conference due to a lack of interest. Such aversion could prove costly for bankers in the future. ... Read full article

Lenders are objecting to the Trump administration's proposed $30 million fee designed to partially fund upgrades to the FHA. ... Read full article

The JPMorgan Chase CEO was in rare form Monday, speaking without a filter on a range of controversial topics. ... Read full article

The Newport Beach, Calif.-based company uses artificial intelligence to help lenders make better decisions about borrowers’ creditworthiness. ... Read full article

The price Customers Bancorp is getting for its BankMobile unit would exceed the initial estimates of $100 million to $150 million. ... Read full article

The public-private effort, aimed at expansion-minded tech and other companies with proven track records, would be backed by the country’s six largest banks, insurance companies and regional lenders. ... Read full article

Personal financial management tools have long relied on financial data aggregation. Now, aggregators are hoping traditional lenders will take a cue from alternative lenders and use the technology to quicken their underwriting decisions. ... Read full article

Amazon.com's cloud-computing service was beset by "high error rates" on parts of its S3 data-storage system, disrupting many internet sites and mobile applications that rely on the company for their online presences. ... Read full article

Instead of sitting around waiting for the next cyberattack, banks are trying to get a little ahead – without breaking the law. ... Read full article

Several groups are developing real-time payments systems for the U.S., and most everyone agrees success is inevitable, but how quickly they can make enough progress to satisfy consumers is a point of contention. ... Read full article

The president's executive order reflects a lack of trust in the identity information shared between countries. In theory, blockchains are tailor-made to solve this problem, but current systems may not be up to the task. ... Read full article