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BANK TECHNOLOGY NEWS

KEY TOPICS
MobileRisk Management
Small Banks Overcome Handicaps to Blaze Tech Trails
Across the country, community banks are defying the stereotype of small institutions as technological laggards, sometimes introducing useful digital features well ahead of the better-resourced and purportedly savvier big banks.

THE LATEST

Softcard Concedes the Mobile Wallet Race
11:18 ET
BOE to Assess Creating a Digital Currency to Increase Stability
09:47 ET
Online Lender Prosper Strikes Referral Deal with Small Banks
02:42 ET
Obama Cyber Intelligence Center Becomes Official
04:33 ET
Gemalto Acknowledges Data Breach, But Says No Products Are Affected
09:35 ET

Features

No Thinking Required: Mobile's New Spin on Personal Finance
Digit, a startup in San Francisco targeting millennials, has launched a service that crunches checking account data to determine daily amounts to automatically transfer into users' savings accounts. Its debut points to how personal financial management services are growing up to do the work on the consumer's behalf.

Wells Fargo Holds Fast to Branches, Ties Them to Digital Channel
The megabank's commitment to its branches stands out in an industry where customers are shifting more of their banking activity to mobile devices and PCs, and where banks take an increasingly ruthless look at branch performance numbers.
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Digital-Only German Bank to Enter U.S. Market, Court Millennials
Like a number of startups and "neobanks" that have sprouted up to challenge incumbent retail banks, Fidor Bank is positioning itself as a more consumer-friendly, tech-savvy alternative.

Sindeo Brings High-Tech Touch to Mortgage Originations
San Francisco-based Sindeo is trying to bring the mortgage brokerage business into the future, creating a new online service that focuses on helping consumers navigate the often confusing mortgage process from start to finish.
Consumer Finance

Mobile Connectivity a Must for Loan Officers to Stay Competitive
Most millennials do almost all of their other business on a portable device, so they want to have this same functionality when buying a home.
Consumer Finance

Gemalto Hack Report Raises Questions About Payments Security
Gemalto, which manufactures SIM cards and EMV chips, is investigating a report that U.S. and U.K. spy agencies hacked into the company's network and stole mobile phone encryption keys, a technology also used to secure card data.
Consumer Finance

Carbanak Cybersecurity Threat Is Overhyped, Banking Groups Say
At least two financial services groups say none of their U.S. bank members have reported the existence of Carbanak malware in their networks, suggesting the threat may not be significant.
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Texts from This Bank May Be Monitored for Quality Assurance
Orrstown Bank in Pennsylvania has introduced two-way text messaging between customers and its service agents. It's the latest effort in the banking industry to make communication easier for mobile-first customers.

Cheat Sheet: What Bankers Need to Know About the $1B Carbanak Heist
Kaspersky Lab has unveiled a cyber-heist in which hackers have already stolen $1 billion from banks across the world. Here's what banks should know about how the hackers did it — and what institutions can do to protect themselves.
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Bank EMV Upgrades Pit Cost Control Against Risk Control
Decisions about when and how to implement EMV technology in credit and debit cards are difficult. Many banks have decided to slowly phase it in, despite the fact the delay will open them up to greater potential liability.
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National/Regional
Consumer Finance
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Disruptors
Starbucks' Watered-Down Apple Pay Deployment Omits a Key Ingredient
American retailers have struggled with mobile payments, largely because they try to reinvent the entire buying process instead of evolving what's already there. Starbucks' success is rooted in its willingness to take the easiest route time and again, an approach that is clear in how it chose to implement Apple Pay.  read more »

GALLERIES

8 Things Apple Pay Left Out
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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)

Multimedia
Top 10 Community Bank IT Projects
In Pictures
Top 10 Community Bank IT Projects
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