News Topic: Technology

Financial institutions should, among other things, implement an information governance program, perform periodic privacy audits and learn how data is managed in the cloud. ... Read full article

Banks can get consumers to adopt online banking services by keeping websites simple, communicating a positive message and providing an interactive experience that meets immediate needs. ... Read full article

The bureau could offer an X Prize, encouraging companies to solve problems through competition or invite applications from entrepreneurs and financial companies, providing those with the most promising ideas a time-limited waiver for pilot tests. ... Read full article

Banks must understand the risks associated with a potential partnership, assess how the effort will support their overall strategy and hire the right talent to manage the venture once it has been approved. ... Read full article

There have been some new twists in the strange case of an alleged attempt to blackmail Mitt Romney for $1 million in bitcoins, raising additional legal questions about the digital currency. ... Read full article

Two shopping experiences and a well-timed commercial from Isis indicate tapping a payment-capable phone against a reader may, in fact, be so much easier than swiping a plastic card ... so long as merchants have complete buy-in. ... Read full article

With limited resources to invest in new technologies, banks need to place small bets on a portfolio of promising options, team up with innovation partners and exceed customer expectations. ... Read full article

It is one thing to see an irrelevant ad on a billboard in Las Vegas, but it's quite another to get an irrelevant message from an institution who knows more about me than many of my relatives. ... Read full article

We need more experts who can investigate what happened and identify the perpetrators of attacks rather than simply focus on protecting our critical infrastructure. ... Read full article

Relying solely on a fortress mentality that trusts in firewalls, antivirus and other countermeasure technologies has been shown, time and again, to be insufficient. ... Read full article

Banks that wait to be told what to do won't thrive because the possibility of surprising and delighting customers with innovation is exactly zero when you wait for them to tell you what to build. ... Read full article

Most customers want to spend less time on their finances, not more. They will flock where they are rewarded for transacting conveniently, rather than for counting their pennies through PFM. ... Read full article

Adopting universal terminology will allow financial institutions to quickly identify, understand and share information about threats, plan for different scenarios and build the systems required to effectively defend their interests. ... Read full article

With consumer mobile access for banking channels and services growing, loosening privacy data rules may be the edge needed to combat fraud. ... Read full article

While holding that Congress intended patent-eligible subject matter to "include anything under the sun that is made by man," the Supreme Court has consistently identified three exceptions: laws of nature, physical phenomena and abstract ideas. ... Read full article

The anonymous blackmailers may be trying to manipulate the market price of bitcoins, even if their claim to possesses Romney's tax returns is hoax. ... Read full article

After I wrote a post last week expressing optimism about this technology's potential, several generous Bitcoin fans sent me small donations of the virtual currency. Thank you. Now stop. Please. ... Read full article

Issuers should develop strategies to make their account the primary one in a consumer's existing wallet and on new payment tools offered by companies like PayPal or Square. ... Read full article