Bank technology

The only tactic for survival is brutal honesty. So let's accept the very real risk of disappearing and do the heavy lifting required to persevere.

Donald Trump's stunning upset in the presidential race on Tuesday is likely to embolden his followers to push for changes to Internet law that could significantly alter how financial technology is conceived, built and delivered to market.

WASHINGTON — The Internal Revenue Service's internal watchdog Tuesday called on the agency to develop a concerted strategy to address the possible use of virtual currencies in tax evasion or money-laundering schemes.

Designed for Japan's automotive industry in the 1990s, QR codes remain a common feature in the latest mobile wallets. They have pros and cons that banks need to carefully consider.

While regulators discuss a potential federal fintech charter, another possible solution for firms trying to avoid multistate licensing already exists: the trust charter.

Making customer experience consistently good is a priority, but it's not enough. Great experiences in the future will be tailored to individual needs and preferences.

Cultural issues, budget constraints and legacy technology often keep banks from converting their tech aspirations into a reality.

Tesco Bank has confirmed that over the weekend, some of its customers' accounts were subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently.

Recipients of the 2016 FinTech Forward awards discuss the various factors that are keeping banks from fully embracing the digital world the way startups do.

Patent-troll litigation costs American companies $29 billion a year, and fintech startups as well as big banks are now in the crosshairs. A growing number are banding together to defend themselves.

Although blockchain may ultimately solve a few problems really well, the notion of it having widespread application is being questioned.

Furthering a relationship that placed Walmart on the closed-loop ChaseNetprocessing platform, Walmart has committed to accepting the Chase Pay mobile wallet in its stores and in-app.

Recipients of the 2016 FinTech Forward awards say banks and startups looking to collaborate can overcome their cultural differences by focusing on the customer experience and their complementary strengths.

Fannie Mae's new representation and warranty relief offers lenders a long-awaited incentive to use its automated loan validation technology. But is it enough for lenders to make the necessary technology updates and process changes to implement the tools?

The spotlight on unethical sales practices at banks has likely led customers to consider abandoning their financial institution, yet too many factors stand in the way of making a switch.

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.

MB Financial in Chicago has appointed an executive from an advanced analytics company to its board. The $19 billion-asset company said in a press release Thursday that Sunil "Sonny" Garg is the energy solutions leader at Uptake.

Santander Bank is offering commercial customers their own mobile banking app. Businesses owners can use the app to deposit up to $15,000 per day without visiting a branch as well as to transfer funds between work and personal accounts.

Comptroller of the Currency Thomas Curry soundly rejected Thursday the possibility of creating a "safe space" for fintech firms to operate outside of consumer protection rules while they develop and test new products.

Ransomware attacks are on the rise, as cybethieves find other types of exploits less profitable and bitcoin helps them cover their tracks. Banks must strategize how to avoid becoming victims – or, failing that, mitigate the damage.