Bank technology

Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.

Green Dot has named three new directors, ignoring the slate of nominees recently proposed by activist investor Harvest Capital Strategies.

The U.K. Government is ramping up its efforts in supporting the country’s fintech industry, announcing Monday initiatives to create a fintech strategy unit and information hub for startups.

Banks are slowly warming up to the idea of open APIs, essentially tools that allow banks to easily connect with others, but BBVA's Shamir Karkal says that they will likely also push banks to modernize their core systems.

USAA has hired Jennifer Sepull, a former Kimberly-Clark executive, as its chief information officer.

It's easy to get lost in the technological complexity of "application programming interfaces," but banks need to stay focused on improving business and customer outcomes, which is the ultimate goal.

Blockchain technology could power the digital identity of the future, with banks serving as designated authenticators on behalf of their customers.

First Midwest Bank in Itasca, Ill., announced Friday that it has hired Jo Ann Boylan, formerly of MB Financial Bank in Chicago, as chief information and operations officer.

Federal rules for technology-based firms providing the fast-moving sector certainty and consistency would be a benefit, even if rules are suboptimal.

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