Forget the machines. Even forget the software. Diebold's business plan for the future — as touted in a video the company screened at 50 movie houses around the world — centers on its collaboration with banks and others on innovation.

Features

Online marketplace lending platforms are filling real needs. But few banks participate in this booming niche, reflecting the industry's risk aversion and regulatory concerns as well as resistance to change.

Let this be the year that the financial industry stops using the phrase "big data" and remembers that the goal of technology is to make people's lives simpler.

The digital-only offshoot of Customers Bank combines edgier technology — like letting consumers snap photos of their driver's license to open accounts — with a new business model that counts on interchange revenue rather than fees.

In a newly created role, 14-year company veteran Andres Wolberg-Stok is helping Citigroup take its consumer technologies in new directions with APIs, wearables, the Internet of things and biometric authentication.
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Regions Financial is testing gamification as a way to teach financial literacy to young people with a mobile app that simulates a sport more commonly associated with older generations.

In an era where businesses are increasingly focused on cloud computing, Citigroup is turning instead to souped-up hardware in the form of IBM's newest z13 mainframe, which it says can help it better deal with the explosive growth in mobile and online transactions.
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Has your community bank recently completed a tech initiative it’s proud of? We would like to hear about it for possible inclusion in our upcoming special report on Top Community Bank IT Projects. Please fill out our quick nomination form to be certain your organization will be considered for our coverage.

After 18 months of testing, Wintrust is rolling out technology that lets customers order cash ATM withdrawals through a mobile app. The bank aims to quicken transactions, strengthen security and pave the way for mobile wallet adoption.
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The mobile platform most bankers had all but given up on is showing signs of life. But the changes seem unlikely to persuade financial institutions, many of which have quietly discontinued or abandoned their native BlackBerry apps.
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A new push by President Obama to tighten cybersecurity at banks and other businesses could help light a fire under some firms that have historically been slower to react in the wake of a data breach and help financial institutions dealing with a tangle of confusing state laws.
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Disruptors
Starbucks, which handles 16% of its in-store sales as mobile payments, is looking to push that number even higher. Its evolving strategy combines its mobile app, its gift card and its rewards program into a powerful package.  read more »
8 Things Apple Pay Left Out

Apple's long-anticipated move into mobile payments seemed to cover all the bases -- Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.

(Image: Bloomberg News)

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