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.
Comptroller of the Currency Thomas Curry said his agency is increasingly concerned about the cybersecurity risks from banks relying too much on certain vendors and using service providers in foreign countries.
First Data in Atlanta has named retired JPMorgan senior executive Heidi Miller to its board of directors.
The app, called Pinacle, lets executives manage user access to company account data, view balance and transaction details, approve wire transfers and receive alerts.
Compliance software vendor Strevus is adding support for bitcoin and other cryptocurrencies to its products.
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.
The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.
Bank of China New York has agreed to use Deutsche Bank's new payments technology to process international payments to U.S. recipients.
The goal is to meet the financial education needs of everyone in the community whether its the tech-savvy second-grader, the recent high school graduate getting her first checking account or a retiree learning how to stick to a fixed income.
Live Oak Bancshares is planning an initial public offering that could yield as much as $86 million for the Wilmington, N.C., company and its shareholders.
Canada's revenue agency said hackers exploiting the Heartbleed security flaw have gained access to some taxpayer data.
The ATM Industry Association is examining ways the machines can be used to better reach lower-income consumers. Sending money to someone, paying bills, and loading a portion of a check onto a prepaid card are among the types of transactions the group is envisioning can take place through ATMs.
J.P. Morgan has partnered with ProQuest, a cloud-based data management technology provider in Ann Arbor, Mich., to make J.P. Morgan's company and economic research data available to business students, academics and other researchers.
The financial services technology company FIS has expanded its loan software and services business by acquiring CMSI.