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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.
January 20 -
Ten financial institutions, including four banks, will accept the new IDNYC card as a primary form of identification for new accounts. Community advocates hope the move will help more immigrants and unbanked individuals use banking products.
January 16 -
Two defendants in an alleged identity theft ring that targeted banks in New York City and Westchester County have pleaded guilty.
January 20
Pioneer Federal Credit Union in Mountain Home, Idaho, has
The credit union says it is the first financial institution in Idaho to deploy the virtual teller technology. Tellers will be able to use interactive video technology to take control of two new ATMs at the credit union's Boise branch, which recently opened. NCR Corporation of Duluth, Ga., will support the terminals.
"Boise has a vibrant, tech-savvy population and we wanted to create a branch and digital banking experience that matches their expectations," Curt Perry, president and chief executive of PFCU, said in a release.
