Bank technology

Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.

The chief executive officer of Swift, the interbank messaging system embroiled in a global bank-hacking controversy, says to expect more information about breaches to emerge as fully armoring the network's defenses is likely to take years.

Well-established tech giants like Amazon and Google pose a more formidable threat to banks than the thousands of startups populating the fintech market.

The Electronic Payments Coalition's arguments supporting Visa in its legal battle with Walmart are not based in fact.

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.

JPMorgan Chase can give valued clients a free automated investment service or a checking account that comes with no-cost brokerage trades as part of a future bundle of digital-banking products, Chief Executive Officer Jamie Dimon said.

As its digital consumer executive, Carrie Sumlin is tasked with making sure Ally Bank offers its customers top-notch digital services since it doesn't have any branches.

Some days the ride-sharing app receives more than a million phishing emails — a stat to which large banks can relate. But after deploying common protocols and open-source software, Uber now rejects most bad emails.

Novantas has acquired Chicago-based consulting firm Treasury Strategies.

How Eastern Bank pulled off something few community banks have: launching a digital lending product that the 197-year-old mutual dreamed up in its innovation lab.

The Independent Community Bankers of America said that it agrees with the Office of the Comptroller of the Currency’s support for “responsible innovation” in fintech but that it worries marketplace lenders have a “regulatory advantage.”

The idea behind The DAO is to act as a decentralized investment fund that leverages the wisdom of crowds. But sometimes the crowd doesn't necessarily offer the wisest counsel.

Suresh Ramamurthi has launched a new payment system for healthcare providers and APIs that let other companies create their own faster-payment products — all at a tiny bank in rural Kansas.

The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have been a wake-up call for banking executives, but it's unclear how many of them answered it. Is it too late for them to shore up their defenses?

The Federal Reserve detected more than 50 breaches of its computer systems from 2011 to 2015, Reuters reported, adding to signs that the central bank may be vulnerable to hackers or spies.

By allowing commercial clients to authenticate via an eye scan, Wells Fargo is making a burdensome task simple. Secil Watson, head of wholesale Internet solutions, is pushing the bank to make digital banking easier for commercial clients.

The idea that restricted access to loans for poor-credit borrowers is unequivocally a bad thing is based on industry talking points that don't stand up to real-world scrutiny.

Instant Apps could give banks a better option for transitioning customers from a quick and easy account opening to a more robust banking experience.

With initiatives like its adoption of Touch ID last year, Chase is setting the bar for the industry on digital innovation.

In this quick Q&A, Gavin Michael, the 51-year-old head of digital for JPMorgan Chase's retail unit, talks about his favorite apps, his love of pen and paper and the technology he is most excited about.