Bank technology

One of the ostensible selling points of blockchain technology is its potential to bring greater transparency to financial markets. But this feature has turned out to be a bug for the institutions that would use the technology.

Despite the hurdles facing technology giants in offering payments services, they remain keenly interested in the sector and more traditional service providers should stay on alert.

Large incumbents can effectively pursue and cultivate disruptive innovation without buying a disruptor. Here's how.

The decision throws out the anti-money laundering charges against Michell Espinoza, who was arrested after agreeing to sell $30,000 to an undercover detective who declared he would use it in an illegal credit card scheme.

Problem technology credits drove down quarterly profits at Opus Bank in Irvine, Calif., which said it will pull back on tech lending even though that had become one of its most important niches.

Though several banks have begun automating financial advice for smaller investors, some are also providing more personalized services — such as counseling family members who have suddenly inherited a fortune.

Once skeptical of robo advisers, retail banks are starting to embrace them. Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.

B of A says customers are becoming inundated with wallet options, so they are holding out on building their own.

Now is the time to correct the mistakes of interchange price controls that harm consumers and community financial institutions to the benefit of merchants.

Several core processing vendors with mobile-age platforms have sprung up in the past year. Making a lasting mark in a field dominated by entrenched vendors will take time.

Banks typically respond to pending regulations with a mixture of fear and dread, but new cybersecurity requirements being developed by the banking agencies may be met with relief.

Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.

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.

The bank is using software "robots" — 30 of them, according to its CEO — to cut costs and shift workers to more fulfilling work.

WASHINGTON — Two top Senate Democrats are calling on financial regulators to better examine the role of financial technology firms and how their activities interact with the existing regulatory structure.

Of the 10 fintech startups that pitched their wares at startupbootcamp FinTech New York on Wednesday, half plan to sell their software to banks. Only a few vie to take on established players.

N26, a Berlin startup that offers financial services directly to consumers, said Thursday it's received a German banking license that will let it offer a fuller range of products across Europe.

A certification process can provide participants in smart contracts with greater assurances they won't lose their money (see: the DAO). But in distributed systems, the true test of security comes when software is released into the wild.

One of the nation’s biggest banks and the so-called “everything store” have joined forces to extend loan discounts to students.

The Office of the Comptroller of the Currency's recent guidance on internal messaging software could impose significant hardships on banks and runs contrary to prevailing guidance on cybersecurity.