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.

Goldman Sachs is seeking to create its own cryptocurrency for post-trade settlement, according to a recently released patent filing.

The price hike represents a significant shift in strategy for the company, which has frequently touted its pro-consumer bona fides.

So-called containers can lessen the IT workload and help companies bring applications into the cloud. New security and management tools, like automatic patching, are bringing containers into the mainstream.

Fifth Third Bancorp in Cincinnati plans to record a large fourth-quarter gain after selling shares in payment processor Vantiv.

Umpqua Holdings in Portland, Ore., has created a unit dedicated to disrupting the banking industry.

Q2, in Austin, Texas, paid $10.6 million to acquire all outstanding interests in Social Money, according to a Tuesday news release. The purchase price was subject to a customary working capital adjustment.

Bank of the Ozarks' taste for M&A means its information-technology staff has to juggle integration projects and experiments with new software, mobile and other technologies.

Target has agreed to pay $39 million to settle loss claims from a two-year-old data breach that were brought by a group of financial institutions, according to court documents filed Wednesday.

Unlike the high-profile hacking incidents at big banks, smaller institutions have their own breed of threats such as cyberextortion that they must focus on in strengthening their security.

Services are cropping up that help banks analyze bitcoin transactions for signs of criminal behavior such as money laundering. But such services come with their own risks.

The Portland, Ore., company is pitching its technology as a way for banks to enter digital lending without sacrificing their relationships with customers.

Did your community bank successfully complete a tech initiative this year? We would like to hear about it for possible inclusion in our upcoming special report on the Top Community Bank IT Projects.

R3 CEV thinks it is better positioned than other blockchain startups to provide products that banks will use. Why? It is pairing with banks up front, focusing on how they approach the trendy technology.

As U.S. banks wrangle with account-aggregation sites over screen scraping, the U.K. is championing a safer method for sharing data that could transform the way customers interact with financial institutions.

The Bank for International Settlements acknowledges that people may have legitimate reasons to prefer an anonymous payment system.

Bryan Sullivan, the CFO at LoanDepot, talks about its growth prospects without fuel from an initial public offering, how getting consumers to opt for home equity lines of credit is tough, and why he considers the nonbank a disruptor.

Quicken Loans, the company that showed a mortgage business can operate successfully without face-to-face interaction with borrowers, is now giving customers the option to work without human loan officers.

On the first day Citizens Financial started financing iPhones it made more new loans than any bank ever did on one day, the head of the company’s consumer lending said.

The rapid growth of competition from nonbanks has the potential to hit community banks harder than the mortgage meltdown.