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Bank information technology departments are tasked with making sure their institutions modernize and remain competitive. But their mission brings a host of technical and cost challenges that often stand in the way of innovation.
February 19
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Banks scrapped a plan to create a shared data bunker for customer data in favor of a backup buddy system. Some argue a move to blockchain should be next.
February 16
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Their partnership aims to make it easier for community banks and other institutional investors to vet loans that they could buy from online lenders.
February 16
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Banco Santander joined existing investors JPMorgan and USAA as well as others in raising $25 million in secondary-round financing for Roostify, which seeks to build a paperless mortgage process.
February 15
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U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge.
February 15
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The investment continues a trend of banks focusing on commercial payments technology.
February 14
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Discount Bank in Tel Aviv has made several discoveries, including that customers ask more in-depth questions of its bank chatbot than expected.
February 14
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Webster Bank’s partnership with the national broker-dealer LPL is a reversal of its initial opposition to robo-advisers. It is the latest regional bank to enter a market first claimed by the biggest banks.
February 13
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The bank joins a small group of companies that believe short-term forecasts will ultimately help customers build healthier financial lives.
February 13
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The FS-ISAC hopes banks and data aggregators will adopt the updated standard for sharing customer account data.
February 13
