Bank technology

Bank consortium R3 CEV, one of the most well-funded blockchain working groups, has endured criticism for its meticulous process. But if blockchains are most valuable with a network effect, maybe forgoing some agility is worth the long while.

As artificial intelligence makes analytics better, the question of who gets to benefit from the intel will come up more. Fintech startup wallet.ai believes customers should be told of propensities that might be hurting them.

A consortium of fintech companies have formed a new industry group to advocate for better data sharing via open APIs.

FIS is forming a network for the inaugural class of its VC Fintech Accelerator program.

HSBC has formed an advisory board to guide it on fintech, cybersecurity and IT infrastructure issues.

For banks, which stake their business on being trustworthy and reliable, there's a certain amount of risk to putting a chatbot out there that could make embarrassing or serious gaffes.

Corporate clients are increasingly asking their banks to help digitize back-office processes. Such a move can help both parties save time and money.

Some vendors have begun offering authentication platforms through which biometrics and other authentication tools can be plugged into any or all channels. TD Bank is sold on this concept, but others are not completely sure.

Larry Mazza, MVB’s chief executive, joined the board at BillGO.

The growth of digital channels is changing bank M&A values, forcing buyers to focus less on branches and more on the volume of customer data.