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The sheer volume of data that collected by Internet-connected "things" — cars, homes, wearable devices, and yes, refrigerators — could help deepen banks' relationships with customers. But it also adds more avenues for security breaches and raises privacy concerns.

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The U.K.'s referendum vote to leave the European Union has thrown cold water on London's reputation as a friendly venue for innovation in payments and other industries.

Fourteen years after Jeff Bezos famously put out a memo to all of Amazon's software development teams, ordering them to create application programming interfaces for every program, some bankers say their industry ought to do the same.
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For some banks, gone are the days of just using social media to update followers on branch hours. Increasingly, banks are using sites like Twitter and Facebook for something much larger.

His title may be changing, but Ray Davis' goal of altering the banking landscape remains the same. Davis, who will step down as Umpqua's CEO, will still run its innovation unit with a hope of influencing digital banking in the same way that he shook up retail banking.

Early Warning's clearXchange is starting to show the bank-led network's potential to catalyze faster processing, and now the enterprise is also executing on its broader goal to power other products beyond person-to-person transfers.

Most would agree the way digital identity is managed is suboptimal. But how identity should be managed, and who should manage it, are shaping up to be hotly debated questions.

The British giant is making fintech startups its allies as it builds a virtual bank tailored to the needs "of the people at the bottom of the pyramid."

By teaming up, community banks are hoping they'll be able to get some leverage in hammering out tech agreements with megavendors such as FIS, Fiserv and Jack Henry.
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As sexy as decentralized systems and automation are these days, human involvement is still necessary in many areas.
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Private-equity firm GTCR is set to acquire Optimal Blue, a Texas-based mortgage tech firm, and it is planning more deals that would offer the industry ways to strip out further costs.
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Disruptors
For the first time, Ginnie Mae has edged out Freddie Mac as the second largest securitization platform.  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)