Bank technology

Todd Sherman, who with his brother Tyler Sherman co-founded mortgage software developer Motivity Solutions, has died.

Eduardo Saverin, a co-founder of Facebook, is set to buy the assets of Jumio in bankruptcy proceedings of the startup focused on online identity verification.

Fifth Third Bancorp plans to hire about 200 technology professionals this year, amid a focus on mobile and digital banking.

Germany's solarisBank is hoping to power the next wave in fintech evolution, by allowing companies to use its banking license and APIs to build scale in their businesses.

While many fintech companies are trying to disrupt banking niches, the blockchain has the greatest potential to completely transform finance the way Uber and others have done for their industries.

Rep. Patrick McHenry, R-N.C., is readying a package of bills, one of which could provide financial tech firms with national standards, so that they wouldn't have to comply with the various state regulations.

Technology at many banks has been assembled haphazardly over years. That makes for complex systems with lots of connections. Those points are prime targets for cybercriminals to find a way in.

The service should help Uber better compete with Lyft, a rival app-based taxi service that can now pay its drivers instantly. It could also be provide a new revenue source for Green Dot's struggling GoBank unit.

A cybersecurity panel at the Women in Finance and Technology Symposium Thursday explored ways to enhance communication and collaboration between different branches of government working to strengthen the nation's cyberdefenses.

Like any well-run business, the Dridex cybercrime gang is growing and diversifying. It's stepping up its efforts to break into banks, through increased phishing attacks and ransomware.