News Topic: Technology

With their regulatory status, refined customer identity procedures and global infrastructure, banks could offer bitcoin exchange services and lead the modernization of financial services. Instead, they’re freezing Bitcoin entrepreneurs’ accounts. ... Read full article

The same thing that doomed communism will likely undermine Bitcoin: the fantasy that a protocol, a procedure, a network, an algorithm can neutralize the ugly selfish traits of human beings. ... Read full article

If a technology problem has roiled your organization recently, there's an 80% chance someone in IT changed something they didn't fully understand. ... Read full article

As the world accelerates toward faster and contactless payments, the U.S. has been reinforcing checks, avoiding global payments standards and pursuing closed-loop innovations that further isolate it. ... Read full article

U.S. regulators and law enforcement officials expect risk-based anti-laundering and sanctions programs — no small feat for digital-currency firms, which generally do not know their customers' counterparties. ... Read full article

To succeed today, financial firms need to encourage female employees to take the right kind of risks, such as trying new innovations to serve clients. ... Read full article

Policymakers and law enforcement should work with the Bitcoin community to realize the potential benefits of censorship-resistant money—and to develop tools and techniques to address the technology’s potential misuse. ... Read full article

The feature presents a win-win scenario for banks and their customers as well as an opportunity for mobile-centric financial startups that can serve as the catalyst for widespread adoption. ... Read full article

Banks have typically deployed mobile banking as an addendum to online banking, from both a technology and staffing perspective, with consequences to the customer experience. ... Read full article

Making a significant difference to the cost base of payments could make a significant difference to the bank overall. ... Read full article

A new self-regulatory organization for crypto-currencies could do a lot to advance the industry, but risks becoming co-opted by the government and undermining the core value proposition of digital cash. ... Read full article

Join Bankthink and series contributors in discussing the types of products and services tomorrow’s banks might offer. ... Read full article

The use of social media channels promotes transparency, enhances customer service and helps establish a senior bank executive as the most accurate and trusted source of company information. ... Read full article

Our contributors have presented their ideas on how tomorrow's banks can offer customers value and make money for the long haul. Now it's time to share yours. ... Read full article

The bank isn't just a place to store your money. It's a place to store your data under lock and key, but available to all those with permission to use it. ... Read full article

Our model must change to reduce embedded friction, whether in the form of fees or complicated processes. We must keep up with the simplicity, usability and transparency customers now demand. ... Read full article

Banks must throw away their traditional thinking and acting like the newcomers in the business. ... Read full article

Identity management and trust in the online world may be the new business of banking. ... Read full article