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Old-fashioned banks and neobanks are both finding the battle for acquiring customers to be treacherous. So BankMobile, a mobile-first banking service, has launched an innovation lab-like division seeking new tech that could attract thousands of new customers per month.

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The heavy costs of fixing broken trades and the need to become more efficient as trade settlement times shorten are driving Goldman Sachs, JPMorgan Chase and Morgan Stanley to invest in a reference-data utility.

A growing number of fintech startups are appealing to the sensibilities of millennials by meeting social missions and, in some cases, by tying the amount of business they generate to the amount they give back to charity or to their customers.

Standard Treasury, the startup that Silicon Valley Bank absorbed this month, is helping create software gateways for the institution's high-tech business clients to customize the way they interact with it.

Google is pitching its lightweight laptops to enterprises such as banks. But bankers say the devices are not yet a match for financial institutions' intense computing needs.
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Wells Fargo is touring music festivals, rodeos and other local events around the country with an Oculus Rift headset consumers can try on, part of a trend of banks using unconventional tactics to promote their brands.

It's not glamorous, but a tool that measures the bank's energy use has helped it reduce consumption by 17% over the past five years.

DotLoop, the tech startup Zillow just bought, takes the headaches and duplication out of managing real estate documents — up until the hardest part of the transaction, the mortgage. Expanding into mortgages is possible, but would be tricky.

For William Thomas, sustainability is a constantly evolving mission. The early targets — energy, waste, paper and employee involvement such as reduced air travel — have mostly been achieved. Some of the bank's steps will require a different approach.

The global loan platforms present an extreme example of the ongoing clash between the fast-moving financial technology sphere and the staid world of financial regulation.

Envestnet's planned acquisition of Yodlee is shedding light on how real-time data about customers' financial data can shape the future of the wealth management and financial advisory business. Jud Bergman, CEO of Envestnet, says the deal will create "an unprecedented level of engagement."
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Disruptors
The smartphone can add significant security to payments, but it is also a tool that fraudsters can exploit. Researchers and scammers have already found several unique attacks that rely on mobile devices.  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)