News Topic: Technology

Retail banks must start innovating, improve integration across channels and consider charging fees for services to maximize their return on investment. ... Read full article

The traditional payday loan structure should cease to serve as the standard by which innovation in this credit space is measured. ... Read full article

The bulwarks of financial privacy may, by default, become unsanctioned, underground networks like Bitcoin and start-ups run by youngsters brazen, or naïve, enough to test the legal and regulatory limits. ... Read full article

A cashless society is all well and good. But without the option of private, untraceable payments, life would become unbearable and institutions like marriage and religion could suffer. ... Read full article

Once you stop chuckling at the political incorrectness and retro-futurism of this 1959 speech, you sense the privacy dangers that lurk ahead for us in the present day. ... Read full article

While the banking industry was recovering from a global financial crisis and reacting to the prospects of new regulations, smart entrepreneurs were finding new and better solutions to people's problems. ... Read full article

Patent trolls generally prefer to avoid any decision on the merits at all costs, as an adverse ruling may damage their ability to file future cases. With that in mind, smaller institutions should feel comfortable drawing a line in the sand for a fair ... Read full article

More than two billion people worldwide do not have a bank account, but do have a mobile phone, making the device a direct conduit to an underserved demographic. ... Read full article

The common enemy of electronic payments is cash, and so any technology that makes it more convenient and more rewarding to use a credit or debit account is good for business. ... Read full article

Make sure each of your bank's initiatives is explicitly designed to eliminate uncertainties as rapidly as possible so any failures are small, quick and survivable rather than interminable and deadly. ... Read full article

It's a truism among financial institutions that not all revenue is created equal: some revenue costs a lot more to produce. Yet among many organizations, the exact costs related to specific revenue remain a mystery. ... Read full article

Cybercriminals will target small banks, mobile platforms and cutting-edge payment forms in an effort to delay service and obtain data next year. ... Read full article

The crisis gave financial innovation a bad rap. Don't let that stifle fresh thinking. ... Read full article

If banks apply a standard of parity, they will wind up in a holding pattern because right now and for the foreseeable future, Internet banking is not keeping pace with mobile platforms. ... Read full article

Smartphone capabilities, like instant Internet access, integrated cameras and GPS systems, have given consumers more control over their banking relationship and are forcing financial institutions to adapt. ... Read full article

In the past, bank investment aimed at gaining a proprietary edge through new methods of consumer payment has consistently been poorly rewarded. Expect another repeat. ... Read full article

Know where - and when - your bank's target audience goes online for information and social interaction. It's better to have just two social media channels that are well-supported than five left unattended. ... Read full article

Rather than invest heavily in one big risky project, banks should concentrate on many small innovations, beta test them and invest where customer feedback is positive. ... Read full article