Bank technology

The eight winners of an annual fintech competition will receive $250,000 in capital and resources.

Most fintech startups fall into one of two camps: those that want to compete with banks and those that want to save banks from themselves. Ripple is the rare exception that wants to do both.

Centana Growth Partners has raised $250 million for investment in what it describes as financial services startups with innovations that can be turned into real products.

Private companies incorporated in Delaware could start issuing and tracking shares of stock on a distributed ledger this summer.

Digital banking services should solve consumers' problems and offer them advice, and they must rely on artificial intelligence and other cutting-edge technology, bankers from TD, RBC and Bank of the West said.

It also plans to deploy the startup’s technology that analyzes data and offers predictive advice.

While banks are in various stages of development when it comes to distributed ledger technology, the industry is further along than many would assume, big-bank technology executives say.

Digital banking executives such as B of A's Michelle Moore love apps like those offered by Pottery Barn and Starbucks for their ability to connect the physical and digital worlds.

Dan O'Malley, who until very recently ran the fintech incubator at Eastern Bank (and before that was at Capital One), now has a startup called Numerated Growth Technologies and software that he says can process loans in five minutes.

The world needs faster and cheaper international payments, but more than that it needs censorship-resistant ways to transact.