Collecting and verifying information about corporate customers is a long, often painful process for banks and clients. Now a number of organizations are aiming to solve the problem with registries that do the low-level grunt work on banks' behalf. But skeptics wonder whether regulators will bless the ideaand if banks are willing to put aside their rivalry for a common purpose.
One big question in the debate over regulating cryptocurrencies is whether to apply existing rules to these new technologies or craft new ones. A state regulators' trade group recognizes that there may be no one right answer.
As bank executives continue to debate, hesitate and worry over the security issues related to using applications that connect to the cloud, their employees are using cloud-based apps by the hundreds often without banks' knowledge.
Marketplace lender Social Finance may pursue a larger initial public offering than expected, CEO Mike Cagney said. Progress in its mortgage business and a new lending app will be pivotal to the company's future, he said.
Tangerine, Simple, American Express and Discover are some of the financial institutions that use Apple's Touch ID fingerprint-authentication technology to let consumers replace passwords or to add security.
Produced by the editors of PaymentsSource, American Banker and Bank Technology News, Disruptors is a news and analysis feed focused on ideas, people and companies that have the potential to transform banking and financial services.
There is a lot of competition in mobile payments, and sometimes it takes an odd idea for a product to stand out. These banks, card networks and other companies dared to bring something new to the market, but only a few can claim the risk paid off. read more »
Financial services technologists discussed the innovations and trends transforming the industry at last week's Digital Banking Summit in Los Angeles. Here are eight tweets that capture the key themes from the three-day fintech confab.