Bank technology

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.

New details unearthed about how cybercriminals stole $81 million out of a Bangladesh Bank account at the Federal Reserve Bank of New York provide insight into how the theft occurred, some of the vulnerabilities that were exploited and what banks can learn from the incident.

A ninth-grader challenges Bank of America's CEO; the San Francisco Fed has a lot of interest in fintech; FinCEN's Jennifer Shasky Calvery is leaving, possibly for a banking job; Wells Fargo's Secil Watson talks up a new biometrics option; and Sallie Krawcheck appreciates Carla Harris' career advice. Plus, Kelly Ripa and the 49ers.

Fifth Third Bancorp is turning to a veteran of the consumer goods industry to help shape its approach to innovation.

Success rates vary wildly for innovation labs, but some basic principles increase a bank’s chances of the incubation process leading to viable product expansion.

Innovation in financial services faces a hurdle in the narrow, short-term profit motives of predatory patent trolls. Here is what startups can do to ward off attacks.

The Palo Alto, Calif.-based startup said Wednesday it plans to use the investment to help grow its cloud-based factoring platform for small businesses and expand into new market segments.

Wells Fargo will soon roll out eyeprint verification for its commercial customers using its mobile banking platform.

Two startups are working to educate millennials on the importance of credit and issue them small credit lines. Credit to young adults largely dried up following the CARD Act of 2009, which changed the way banks and others could market to the group.

With the purchase of Sweep, Max Levchin's firm is betting that daily engagement with consumers will pay long-term dividends.

While banks should be wary of potential restrictions on the H-1B visa program, policymakers should be mindful of the consequences of limiting H-1B visas too severely.

NCino, a vendor of cloud-based banking technology, has added deposit account opening to its platform.

Technology startups diving into mortgage lending are doing a lot of things well … except servicing, warned a mortgage industry consultant who has advised them.

Nearly half of bank data security incidents in 2015 involved compromised web applications, according to a closely watched annual report from Verizon released Tuesday.

Hypur, a startup seeking to help banks serve businesses deemed high compliance risks (e.g. marijuana), has recruited a former Department of Justice lawyer to help build credibility. Its signature product: a payments platform to replace cash transactions.

JPMorgan Chase has added fingerprint authentication for customers on Android devices.

Community banks are grappling with a quickly changing operating environment, but they might have some practical advantages over large banks in building partnerships with fintech firms, and those relationships could give them the competitive edge they seek.

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.

Long before daily talk of fintech, blockchain and APIs, the number of U.S. banking customers who used at-home services once amounted to the population of a small suburb.

Capital continues to flow freely into financial technology ventures, many of which are repositioning themselves as aspiring partners for banks rather than would-be disruptors.