Bank technology

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.

Asking for static information like a mother's maiden name seems increasingly passé, since shared "secrets" can be stolen or gleaned from the Internet. But without a brilliant alternative, and done with care, knowledge-based authentication still has value.

Hackers linked to the Iranian government launched a series of cyber-attacks on U.S. financial institutions including Bank of America Corp. and the New York Stock Exchange, federal prosecutors say.

Diebold has acquired enough Wincor Nixdorf shares to complete the purchase of its German rival, a deal that creates a maker of cash machines and systems with more than $5 billion in sales.

Favorable economic factors won’t last forever for lending startups. Here are the factors that will make or break nonbank lenders when market conditions get rockier.

Fifth Third is using savings generated from closing more than 100 branches over the past year to expand its digital capabilities through a major IT hiring initiative.

BMO Financial Group is looking to bring a recent consumer-facing innovation to its corporate customers.

Bank of New York Mellon has agreed to pay $3 million to settle an investigation into its handling last year of a major software system crash.

Startupbootcamp's fintech accelerator in New York boasts an unusually large faculty of 225 mentors, trained to give candid feedback and prepare the class of 10 startups for the real world.

Bangladesh's central bank has suggested the Federal Reserve Bank of New York had a "major lapse" in allowing hackers to transfer $101 million in transactions that it later flagged as suspicious, according to an internal document seen by Bloomberg.