News Topic: Technology

A recap of the informed opinions (and the discussions they generated) on BankThink this week. ... Read full article

Innovations from nonbanks will need a platform to provide distribution and the ability to scale quickly. Smart bankers will partner with startups to provide together what neither could do alone. ... Read full article

After failing to respond to customer demand and missing tectonic shifts in money transmission and online and mobile payments, banks have an opportunity in the emerging area of cryptographic money. ... Read full article

What products and services will tomorrow's banks offer that truly add value and that customers will be willing, even happy, to pay for? We asked contributors to think big and broad. ... Read full article

Criminals will always find new ways to steal money. Banks still need a realistic timetable from the card networks to upgrade to chip and PIN. ... Read full article

Much must still be clarified about the new currencies and few have developed viable or secure business models that warrant defensive movement from the traditional banking sector just yet. ... Read full article

Given the robustness of trade in some large urban areas, it is entirely possible to earn a living from buying and selling bitcoin. ... Read full article

Social channels may encourage complaints, but it is in banks’ best interests to publicly demonstrate they are fixing the problem. ... Read full article

Regulators can use the power of Big Data mining and pattern-matching algorithms to seek out triggers of contagion across an interconnected financial system. ... Read full article

In addition to addressing the risks that caused the last crisis, the Financial Stability Oversight Council should be comparing notes about cyber threats with the national security agencies. ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week. ... Read full article

It's not just the anonymity. Like cash and Bitcoin transactions, Liberty Reserve transfers were non-reversible, and that's important to certain merchants. ... Read full article

To survive, Bitcoin businesses will have to do more than "de-anonymize" their operations. They will also have to cope with the loss of the digital currency’s most fundamental characteristic: irrevocability. ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week. ... Read full article

The threat posed by Google will put the onus on banks to deliver the ultimate person-to-person payments experience, which only they can provide. ... Read full article

The government actions against Liberty Reserve and Mt. Gox underscore the importance of regulatory expertise to digital currency startups. Hence Liberty City Ventures has retained former Treasury officials as advisors. ... Read full article

Either prepaid will move to mobile or prepaid will have to be repositioned toward a more value-added proposition. ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink this week. ... Read full article