Bank technology

The business world has been seeking the benefits of distributed ledgers but worries about security, control, privacy, performance and other issues. Microsoft says its new Coco framework will solve all these and more.

Oracle Corp. is offering a payments application programming interface based on the ISO 20022 standard that will allow banks to more easily collaborate with fintechs and other third parties.

Heather Tuason is now chief product officer of StreetShares, an online lending and investing platform.

West Milton State Bank uses biometrics for employees to log in to workstations, saying it is quicker and more secure than passwords.

Do customers want to log in to mobile banking by snapping a picture of their eye? Bank of America will spend the next six weeks finding out.

At a time when many banks struggle to win over millennials, Ally Bank appears to be bringing them in: more than 60% of new customers are millennials. President Diane Morais explains how the bank is getting the attention of a younger generation. One popular product: debit controls.

Sam Maule is set to head up North America expansion for 11:FS.

A San Francisco startup working with Swift plans to launch a network that would tie self-executing contracts to independent data sources.

It is the latest of several popular apps to close down in recent weeks.

The global bank’s U.S. unit has bounced back, aided by growth in deposits and wealth management profits as well as a focus on international customers. A $125 million investment in tech and branches hasn’t hurt either.