Bank technology

Banks have found a novel way to fend off fintech’s plans to take them down: they are funding it. A new report shows corporate venture capital investors, such as those backed by banks, made up nearly a third of funding in the second quarter.

Rather than as an application that solves immediate business needs, blockchain's success is more plausible as a protocol layer on which applications are built.

Cloud-based core vendor Nymbus announced Monday it has completed a $12 million financing round.

Citigroup lost a big technology executive last week and hired another from JPMorgan Chase. Then word surfaced that JPMorgan had decided to replace that exec anyway and a successor was ready to go. It all shows scoring top digital talent has become vital to the largest banks as mobile becomes their future.

Banks sharing cyberthreat data is not new. But more information-sharing groups are forming, and technology is improving, to advance the effort.

Longtime JPMorgan Chase veteran Bill Wallace is set to become digital chief for its consumer bank.

Gavin Michael, head of digital banking for JPMorgan Chase's retail unit, is moving to Citigroup.

California state lawmakers have dropped plans for legislation this year to create a new license for bitcoin companies.

PNC Financial Services Group has expanded its support of mobile wallets to Microsoft devices.

To discourage scalping, the New York Comic Con asked online ticket buyers for personal information up front. The backlash shows the challenges of protecting identity in the digital age — an issue banks and fintech firms are exploring.

Bitcoin skeptics continue to misunderstand a technology that could forever change the way financial services operate. Here are four common — and incorrect — beliefs on why bitcoin will fail.

The San Antonio-based bank announced Friday in a press release that it has named Cox its chief technology and digital officer, a newly created role that includes the oversight of information technology, digital strategy and operations, and experience design.

The federal government recently began to discourage companies from using SMS-based authentication in their two-factor authentication schemes. So do banks need to completely eliminate authentication via text message? Not entirely.

Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

In 2008, the smartphone revolution had begun but there were no mobile-first banks and brick-and-mortar institutions were still watching whether mobile banking would actually catch on with consumers.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

New documents shed light on the recent incident in which many prepaid card users reported that they were unable to access their own money.

Banks have gotten better at detecting digital banking fraud, but the process of closing and reopening accounts is still a mess — and that is what could send more customers packing.

Carrie Dolan steps down as CFO of Lending Club. All eyes are on Marissa Mayer's next move as the Yahoo-Verizon deal plays out — and speaking of women righting ships: Mary Hines talks about reviving Citi's loyalty program.

Small-business owners are struggling to understand the cost of loans sold by marketplace lenders. To remedy this, the industry must embrace a disclosure box that includes these five principles.