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Namu is trying to solve a problem facing all banks that vie for millennials' attention: how to make the mobile banking experience more appealing. Its app refreshes users' memories of transactions with images illustrating what they bought.

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New software aims to help prevent wireless network hijacking, or "commjacking." But there are also steps banks can take on their own to protect employees and customers from this seldom-discussed but ever-present threat.

Carolina Bank's growth, and a corresponding increase in remote workers, drove the CEO and IT department to seek technology tightening access to its systems without making it harder for employees to log in.
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In the wake of recent court rulings upholding homeowners associations' "super lien" status in foreclosures, mortgage vendors have flooded the market with products to help servicers and investors manage this long-standing threat.

Quants are still around, and their computer, math and statistical modeling skills are still sorely needed in banking. But they're more likely to apply their brainpower to stress tests than to pricing complex derivatives or exotic products.

A handful of banks are upgrading their apps with Siri-like "virtual assistants" that understand spoken questions at a time when most institutions don't even let digital customers do typed keyword searches of their transaction data.
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VidVerify, a new company started by a co-founder of Lenders One, produces online videos that educate borrowers on the milestones of the mortgage process, while helping lenders ensure regulatory compliance.

Critics concede Bitcoin's innovations may change finance but predict the system itself isn't long for this world. Nasdaq is challenging that idea by not only testing Bitcoin's much-vaunted blockchain technology, but doing so on the Bitcoin network.
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After the industry rejected a 2012 plan for speedier electronic payments, its authors made two key changes designed to win over banks that would have borne costs without seeing many benefits.

Banks' technology investments are helpful but fail to ease customer concerns about the security of personal data, hidden fees and other problems, a new survey shows.

In its new 80,000-square-foot development center, the bank is adopting the look, feel, and practices of fintech startups. It’s also moved some of its developers into an incubator to collaborate directly with local entrepreneurs.
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Disruptors
California officials briefly raised hopes among digital currency proponents Friday by releasing a statement that they would drop plans to regulate digital currency businesses and instead defer to the legislature.  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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