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BANK TECHNOLOGY NEWS

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MobileRisk Management
New Challenger to Payday Loan Market Targets Employers
SimpleFi is working with a New Jersey bank to pitch its payday loan alternative and financial educational services to employers across the country come February 1. It represents part of the trend of disruptors rethinking payroll data.

THE LATEST

Citi to Update Its Customer-Screening Practices
12:04 ET
Funding Circle Launches Fractional Loan Marketplace
11:41 ET
Prosper Buys Healthcare Lender for $21M
11:18 ET
Fed Offers Four Options for Speeding Up Payments
12:32 ET
Amex, eBay Cut Thousands of Jobs; Discover Faces Earnings Woes
12:27 ET

Features

SoFi Details Loan Targets as Marketplace Lenders Prepare for Busy Spring
Marketplace lenders are seizing on current investor enthusiasm after the December public listing of LendingClub. SoFi and Funding Circle have set new origination targets, and new capital markets deals may help replace bank credit lines for Blue Elephant Capital Management and perhaps others.
National/Regional
Consumer Finance

Spike in Fake ID Schemes Confounds Banks' Fraud Filters
Fake identity fraud is growing, due to the plentiful array of consumer account and card data available in the wake of massive data breaches. It's a crime banks find almost impossible to detect and deter.

Western Union's Apple Pay Move Should Light a Fire Under Banks
Western Union is adopting a vastly different use of Apple Pay than what banks and merchants have so far considered.
National/Regional

Google-Lending Club Alliance Takes Captive Finance into Digital Age
Like General Motors extending credit to car dealers, Google will use Lending Club to finance resellers, service providers, and consultants in its supply chain while putting to work a portion of the tech giant's cash war chest.
Dealmaking & Strategy

Diebold Adapts Its Reinvention Story for the Silver Screen
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.
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Consumer Finance

Banks Conspicuously Scarce in Supercharged Online Loan Field
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.
Consumer Finance

Banks' Five Big Tech Priorities for 2015
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.
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BankMobile Aims to Become the Uber of Banking
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.
Community Banking
Consumer Finance

Citi Futurist Envisions the Part Wearables Will Play in Banking
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.
Comments (1)

Can a Golf Game Raise Millennials' Financial IQ? Regions Thinks So
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.
Consumer Finance
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Disruptors
Myanmar's Upswing in Payment Tech a Model for New Markets
MasterCard's Antonio Corro is building a new payments system in Myanmar, a country that's springing to economic life after decades of military turmoil and political unrest.  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
10 Ways Technology Will Change Banking in 2015
In Pictures
Hits and Misses from 4Q Earnings
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