Bank technology

Forward-thinking companies could get a reputation lift from being first out of the gate with interesting apps. Banks could also be first to help protect customers from the inevitable privacy leaks that the IoT will make possible.

The New York Department of Financial Services' letter indicating potential cyber rules are prompting concerns that the state's plans could lead to more stringent measures throughout the industry.

U.S. Bank recently updated its mobile app to a system that would allow it to react more quickly to new technology. It's going to need that flexibility now that consumers are complaining about missing features in the latest upgrade.

The trade group is calling for increased scrutiny of tech companies that are increasingly encroaching on banks' turf, but Georgia banker Dan Blanton says banks also need to be thinking about ways to team up with these new players in payments and lending — or figuring out how to beat them at their own game.

A man accused of operating a bitcoin exchange allegedly owned by the mastermind of a criminal enterprise that hacked at least nine big financial institutions and publishing firms, including JPMorgan Chase, pleaded not guilty to money laundering.

In one instance, a single complaint in the Consumer Financial Protection Bureau's database was counted as 35 different ones while in another, a complaint against a payday lender was filed against an unrelated bank. Current and former officials say that's par for the course, leading to inflated complaint numbers and inaccurate data.

Regions Financial in Birmingham, Ala., has hired FBI veteran John Boles to oversee its investigations of cybersecurity and international threats.

The Cybersecurity Information Sharing Act, which has advanced far on Capitol Hill, promises to help businesses and government thwart cybercriminal attacks. But privacy advocates say the bill would make misuse of consumer data even easier.

Quality control should come early in the production line, just as Japanese automakers discovered when they began to gain market share.

Lenders must learn from financial technology startups and closely monitor customer preferences to avoid the fate of other industries being squeezed by new entrants, Bank of America Chief Executive Officer Brian Moynihan said.

Recent U.S. and U.K. assessments of anti-money-laundering and efforts to combat terrorism financing show how the two countries have structured respective approaches to pinpointing key risks.

A few months after introducing its mobile wallet in the U.S., BBVA is attempting to lure adoption through 'instant' cash-back credit card rewards for qualified transactions at checkout.

Community banks are embracing branch innovations to deliver a more personalized experience to customers, and differentiate themselves from larger competitors.

Customer expectations for digital are a moving target, and banks and their vendors are quickly trying to figure out which products and services to add next.

Bank Leumi's conservatism helped it stay profitable during the financial crisis. The bank, a unit of Leumi Group in Israel, is ready to get more aggressive in areas such as technology lending.

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A handful of entrepreneurs have created apps that let workers, especially those with inconsistent incomes, receive portions of their paychecks before payday. Their emergence underscores how slower payments look out of date in an on-demand world.

NCR has reached an agreement for an $820 million investment from private equity giant Blackstone Group, which it will use to fund a $1 billion stock buyback.

In a few instances, banks have temporarily blocked data aggregators from screen scraping customers' bank account information. Are the banks exercising appropriate judgment or obstructing potential competitors?

While cybersecurity has already been part of bank exams for years, the Federal Deposit Insurance Corp. is highlighting it as a separate comment in order to ensure the issue is getting appropriate attention from bank executives and boards.