Combining biometrics with device ID, social data, behavior patterns and other factors builds a strong foundation for artificial intelligence to conduct identity proofing and transaction authorization.


Small banks have limited resources to address cybersecurity, but more are turning to advisers and auditors to develop strategies that can keep them safe and compliant.

U.S. Bank is using geolocation to make sure customers' card transactions are approved when they are traveling. It is just one example of how more companies are asking customers to let them track their phones.
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Strong growth in deposits and mobile users at Bank of America, together with questions tied to the phony account scandal at Wells Fargo, had B of A executives addressing whether their bank and others would be better off than ever by scaling back branches.
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Banks are expected to spend more on technology in the coming year, with the cash earmarked for things like upgrading mobile apps and adding self-service tech in branches.

Cybercrime evolves constantly, and it can take humans some time to identify new strains of cyberattacks. Software can identify new patterns in seconds.

The once-icy relationship between banks and fintechs thawed quite a bit in the last year. The next step might be for banks to start buying startups.

With its acquisition of the online pricing firm Paribus, Capital One continues a pattern in recent years of acquiring promising fintech startups.

Fintech circles are abuzz about the possibilities for streamlining compliance work following IBM's deal to buy Promontory. Artificial intelligence software could help separate false positives from true violations, for example, or read and parse through lengthy regulations.

Our FinTech Forward Companies to Watch are helping banks step up their game by offering virtual assistance, better money management tools and other solutions.

Banks and fintech startups have put aside longstanding distrust and found ways to partner. Technologies ranging from open APIs to the blockchain are making it easier to share data, manage records and speed up payments. In the end, the pipes and wires facilitating this collaboration look destined to support the entire financial services infrastructure of tomorrow.
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The investment bank will take "a very deliberate and methodical approach" to building its online lending platform, Chief Financial Officer Harvey Schwartz told investors Tuesday, implicitly drawing a contrast to once-highflying startups like Lending Club and Propser.  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)