Bank technology

PNC Financial Services Group cut the ribbon on its new, environmentally friendly headquarters in Pittsburgh.

Banks have embraced it, but their customers barely use Apple's mobile payment solution.

Outdated and inefficient processes come at the cost of face time with customers and weigh banks down with unnecessary expenses. Here are some of the most common problems faced by the industry and ideas about how to fix them.

First Data, the payments processor taken private by KKR & Co. eight years ago, is seeking to raise as much as $3.2 billion in what’s poised to be the biggest U.S. initial public offering this year.

In updating cards with EMV technology, Visa and MasterCard have neglected an important element of what makes the security standard so successful elsewhere. The need for PIN verification is clear.

Independence Bancshares in Greenville, S.C., has dismissed Gordon Baird as chief executive and suspended its development of a real-time payments technology.

Many card issuers are well on their way to the migration to chip cards or have a plan to do so. But many merchants are still completely unaware of the shift in fraud liability taking effect Thursday.

Avant, an online lending platform that focuses on borrowers with marred credit, announced an agreement Wednesday to raise $325 million in equity financing from blue-chip investors.

BB&T has rolled out a digital banking platform that lets customers customize which features appear once they log in. It saves the bank having to decide what to show and what to hide on devices with different screen sizes.

Bankers need to show they are in control of relationships with outside vendors, must be ready to respond to M&A-related protests and should be as concerned about economic growth as interest rates, according to the St. Louis Fed's supervisory chief.

Credible, a comparison shopping site for private student loans, announced that it has raised $10 million from a group of investors that includes some big names in marketplace lending.

Cloud Lending Solutions, a technology provider to marketplace lenders and other finance companies, announced that it has raised $8 million in venture funding.

Thirteen banks have joined an alliance to develop commercial applications of distributed ledger technology in the financial industry.

Some critics argue that it's a bad idea to introduce chip cards without PIN requirements. But this debate is a distraction from the payments industry's robust and multifaceted efforts to fight cybercrime.

Nacha's same-day ACH payments are unlikely to improve business-to-business payments without additional tweaks. Other payment rails can also help put a solid infrastructure in place.

Bankers, investors and analysts stop short of declaring a bubble. But the fintech startup and investor fields are getting crowded, and there's bound to be a culling of the herd.

The deadline for EMV migration in this country is this Thursday. Here's what will and won't happen on that day, and what challenges lie ahead for banks and their customers.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including how postal banking could help low-income people in the U.S. and the continuing debate over interchange fees.

An open-source analytical engine called Spark is becoming popular in banking circles to get real-time insights on consumer transactions and the customers themselves.

The collaboration between financial institutions and technology firms runs deep, but banks' recent criticism of lax regulatory oversight for nonbanks reveals fissures.