Bank technology

Despite having fewer prepaid cards in the market, Green Dot delivered a first quarter that exceeded its executives' expectations with $78.3 million in adjusted earnings.

TransferWise, which has been developing an anti-bank brand, now says it wants to partner with banks to expand its reach in the U.S.

The hits that alternative lenders like OnDeck Capital are taking shouldn't be a surprise for an industry built on unsustainable business models.

Prosper Marketplace Inc., one of the largest U.S. online lending platforms, is slashing its workforce 28 percent, joining rivals in signaling investors aren’t as eager to fund loans after years of rapid growth.

Some buyers are hanging in there, but as OnDeck Capital's disappointing first-quarter results show, investors who acquire and securitize marketplace loans are heading for hills. Among the reasons: fear of defaults, unfavorable pricing and shrinking loan yields.

Entrepreneurs and other financial-technology experts give some common-sense advice including: watch your pennies, live in the right places and choose your associates carefully.

Deloitte is partnering with five blockchain companies as it seeks practical uses for the emerging technology in its consulting business.

OnDeck Capital reported a quarterly loss of $12.6 million as revenues fell short of expectations. At the same time, the New York firm sharply reduced its earnings projection for the rest of the year.

During a discussion Monday about the impact of technology on the financial sector, tech executives argued that banks are inefficient because they are paying six-figure salaries to employees whose jobs can be computerized.

A new blockchain protocol that has been in development for the past 18 months is ready for its public release.

Pressure is building on financial services providers to develop more merchant-centric loyalty programs to fight declining interchange revenue, and U.S. Bank is testing one approach in Lawrence, Kan.

WASHINGTON — Federal Deposit Insurance Corp. Chairman Martin Gruenberg has been called to testify on recent cybersecurity breaches in front of a House committee this month.

As smartphone-carrying baby boomers retire, banks can no longer ignore seniors' unique digital banking needs.

The industry "as a whole" benefits from tech investments at megabanks, says Manuel Chinea, chief operating officer at Popular Community Bank. Big banks have taught consumers how to use new mobile features – and small banks can use that knowledge to their advantage, as they roll out new products.

The state of Delaware is looking to avoid prescriptive regulations when it comes to supervising blockhain companies, but instead be mindful of how the industry actually works, Gov. Jack Markell said Monday.

Varo Money, a mobile-only startup that focuses on financial health, announced Monday it has raised more than $27 million. The global private equity firm Warburg Pincus led the round.

One of the most innovative banks has joined a trade group that represents the nascent blockchain and digital currency industry.

Digital Identity Security Co., a startup, is building an encrypted messaging and identity management platform for the Commonwealth governments. The system would use distributed ledger technology, similar to bitcoin's blockchain.

PNC recently held an API Fest where it asked its employees to pitch customer innovation ideas. With the move, PNC joins a growing number of U.S. banks embracing the possibility that open APIs offer.

IBM has released a set of blockchain cloud services built to meet security and compliance standards for companies in regulated industries — particularly, financial services, health care and government.