Bank technology

When a coder locked $150 million of digital currency stored in Parity digital wallets last week, many bankers probably saw it as another reason to ignore cryptocurrencies. Instead they should recognize the business opportunity (key custody) that the incident presents.

In mid-2015, several thousand banks registered for dot-bank domains. More than two years later, only a few hundred have converted.

The regional bank’s first-year CEO is doing some expected things, like offering more products through digital channels, and making a few surprising moves, like inviting all credit card customers to switch to lower-rate loans.

The data concierge service will find, obtain, clean, integrate data for financial firms, for a monthly fee.

The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach.

Guidance from the CFPB and reduced friction between banks, fintechs and data aggregators are easing bank-fintech partnerships at Wells Fargo, Capital One and others.

The fintech is partnering with Choice Financial in North Dakota to create a Douugh-branded checking account and debit card that will prominently feature an AI-based virtual assistant named Sophie.

Andreas Bubenzer-Paim previously held a technology role at Bank of America.

Community banks are spending on technology to expand without having to build new branches.

The customer interface is just the tip of the iceberg in fintech, says Wells Fargo's Secil Watson. Plus, the tech trends in business banking, a power shift on sexual harassment as women support each other, and Michelle Obama's advice on raising boys.