Bank technology

It is outside the realm of possibility for bitcoin's blockchain to serve any useful purpose for the intermediaries it was designed to replace.

Louise Roseman, the longtime head of the Federal Reserve's payment systems division, plans to retire this year.

SunTrust Banks in Atlanta has committed $50 million to a credit facility for the online small-business lender Credibly.

As community banks need to make their budgets stretch further, some are looking to vendor consolidation as a way to gain a competitive edge through fewer IT headaches and a more uniform customer experience.

Here are the most common mistakes that would-be financial services disruptors make on their way to trying to execute a great idea and business plan.

Nacha, the bank industry group that oversees the automated clearing house network, has appointed six industry executives to its board.

The Canadian bank's U.S. wealth management arm is moving toward a hybrid digital-human advice platform, partnering with BlackRock's FutureAdvisor to add robo tools for its 1,900 advisers.

There are benefits for banks in fintech collaboration via application programming interfaces, but financial institutions should not let go of customer engagement.

The industry's rapid change is shining a spotlight on middle and senior managers who inherit positions and often have to fix the messes — while maintaining the successes — of their predecessors.

Blockstream, a tech startup that employs several core developers of the bitcoin protocol, has raised $55 million in venture capital to develop its sidechain technology and expand its global operations.

WASHINGTON — The current financial regulatory structure is ill-suited for innovation, but a legislative effort to fix that may still be a long way off, according to top House Republican lawmakers.

WASHINGTON — The Federal Deposit Insurance Corp. is urging banks to perform due diligence and identify potential risks before conducting business with marketplace lenders.

SunTrust Banks in Atlanta said Tuesday that it has created a new line of business specializing in the payments and technology industry.

Cross-border payments, even small ones, take days to clear, cost 5% to 10% of the payment amount, and can be baffling to the consumer. Zenbanx, TransferWise and Ripple and other startups are trying to change this.

The largest institutions moved to the top of J.D. Power's rankings, thanks largely to the popularity of their digital offerings and high scores among young adults.

Bank of America has nearly three dozen patents pending related to blockchains. More banks are expected to seek patents as the technology associated with cryptocurrencies creeps closer to widespread use.

The best customer prospects are specific individuals, so don't fall into the trap laid by surveys and articles that recommend a grand pitch to Generation Y as a marketing strategy.

Univest believes its subscription-based pricing model may have solved a persistent fee conundrum – charging small-business customers for various services without irking them.

Bank of America is preparing to submit 20 blockchain-related patents any day now to the U.S. Patent and Trademark Office, CNBC reported this week, citing a company spokesperson.

PricewaterhouseCoopers has partnered with the blockchain technology company Blockstream to bring distributed-ledger and smart-contract technology to its clients.