Bank technology

Banks have long believed that the key to sparking mobile payments is better incentives, but U.S. Bank is taking that to the extreme with a new product that pays triple points for such purchases.

Attacks on ATMs and point-of-sale machines are getting more sophisticated and frequent. Crooks are trying to get as much use as they can out of their skimming devices before the migration to chip cards is complete.

For all the talk of cooperation and partnerships with banks, financial services startups are doing well in underserved niche markets such as actors and musicians.

The fiasco may hold a valuable lesson for fintechs and banks alike about the need for closer integration.

Leaked documents appear to show NSA analysts were able to hack into Middle Eastern banks’ servers through the Swift service bureau EastNets. The same tools could conceivably be used by cybercriminals and nation-states with more sinister motives.

Digit's decision to charge a monthly fee for its savings help speaks to the challenge of making fintech profitable.

Tangerine Bank, the digital lender owned by Bank of Nova Scotia, will start offering credit lines this year as it seeks to bolster flagging profit through expanded product offerings.

The blockchain-based platform, set to launch later this year, promises to make gold trading around the world faster, more transparent and safer.

In the near future, branch authentication will likely rely more on things like iris scans and palm readers than physical ID cards.

The move is noteworthy because Delatinne had led customer engagement for Swift’s global payments innovation initiative, with which Ripple’s cross-border payment system competes.