Bankers have reservations about building apps for Google's much-hyped wearable device, but they see real promise in adopting technology that would work with wireless beacons in branches and stores.

Multimedia

Share:   Share on Facebook Share on Twitter Share on LinkedIn
Video: Why Bankers Are Struggling to Innovate

Features

Sue Coulter, general manager for business transformation at Credit Union Australia
CUA's challenges, and its ultimate success, could prove to be instructive for U.S. banks that have been holding off on replacing core systems due to the expense and disruption related to such a large project.

Vermont AG William Sorrell
The state is asking Google, Comcast and other companies to stop running ads for companies that can't lend legally to its residents. Bankers are also being urged to be on the alert for illegal loans to their customers.

The Target card data breach dominated headlines last year, but it was just one of hundreds of hacking incidents to hit banks and expose the personal information of their customers, according to Verizon's latest Data Breach Investigations Report.

The influential blogger says it's time for a national debate on the role Experian and other credit agencies play in protecting and consumers' identity and privacy.
Comments (3)

The Buffalo, N.Y., bank's chief operating officer and chief financial officer discuss how M&T is spending tens of millions of dollars toward upgrading compliance with the Bank Secrecy Act and high-tech retail services. Its deal to buy Hudson City hangs in the balance.

Vincent Siciliano, CEO of New Resource Bank
Some banks have built their entire strategy around being ecofriendly while others dabble in this area. Regardless, being environmentally conscious can help bring in new business.

JD Sherry, vice president of technology and solutions at Trend Micro
Most banks' websites are believed to be free of the much-publicized security flaw, but network devices, servers, mainframes and mobile apps could still be at risk.

Banks are aiming to add personal financial management features, including goal-based savings vaults and cash flow forecasting, to standard banking apps like mobile check depositing. Their goal: Turn Gen-Y into a loyal client base.
Comments (1)

Wal-Mart's new "Walmart-2-Walmart" transfer service will enable consumers to send money to each other by using the retail chain's store network.

Image: Thinkstock
The cutting-edge bank — it already offers smart watch apps — is testing the technology on its employees' mobile devices and, if all goes well, it plans to roll it out to its customers by late summer.
Comments (1)
See all Bank Technology News
Disruptors
Amex Finds Isis Partnership Serves It Well
American Express' Serve prepaid account has its roots as a digital wallet, but the card issuer is finding many of its enrollments are coming through a very non-digital process: in-person activations at mobile phone stores.  read more »
5 Ways Financial Service Companies Are Using Customer Photos

A picture is worth a thousand words - even in financial services. In the wake of the success banks have had offering mobile check deposit, banks and startups are finding reasons to allow people to submit other types of images through mobile apps. Here are five companies that are encouraging customers to snap that receipt, financial narrative or bill. The art helps customers do banking tasks quicker; the companies get their claws into more customer data. (Image: Thinkstock)

The Most Influential Women in Payments

What does it take to lead in the still-mostly-male world of payments? This year's 20 Most Influential Women in Payments share stories about how they got to the top, their vision for the future of payments (hint: it's mainly mobile), and advice to other women working their way up the ladder.
Email Newsletters

Get the Daily Briefing and the Morning Update when you sign up for a free trial.

TWITTER
FACEBOOK
LINKEDIN

The Rankings

About the Rankings

The FinTech 100 and the Top 25 Enterprise Companies in FinTech are American Banker and Bank Technology News' annual ranking of the top technology providers to financial services companies worldwide. The ranking is developed in conjunction with IDC Financial Insights and with public relations support from The William Mills Agency.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.