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BANK TECHNOLOGY NEWS

KEY TOPICS
MobileRisk Management
What If Cloud Providers Are More Secure than Banks?
Purveyors of certain cloud services, such as cloud-based lending, face continual rejection from bankers worried about security. But some say a data storage specialist could be every bit as secure as a financial institution — if not moreso.

THE LATEST

Green Dot Reports Modest Loss as It Invests Beyond Prepaid Cards
05:18 ET
Survey Confirms Americans' Increasing Use of Mobile Banking
11:09 ET
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

Features

Fed's Payments Leaders Show Interest in Cryptocurrency, Privacy Tech
Federal Reserve officials suggested that anonymous payments and the technologies powering digital currencies could inform broader plans for reshaping the U.S. payment system.
Consumer Finance
Law & Regulation

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.
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Consumer Finance

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.
Comments (1)
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.
Comments (1)

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
See all Bank Technology News
Disruptors
As Visa and MasterCard Push for Tokenization, Some Will Push Back
While Visa and MasterCard aren't yet applying the same level of pressure for tokenization security as they are for EMV-chip cards, the card networks' CEOs are clear that this technology is their new expectation for e-commerce.  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
Payments Must Get 'Better, Faster, Sooner': Comments of the Week
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