Bank technology

Wells Fargo is touring music festivals, rodeos and other local events around the country with an Oculus Rift headset consumers can try on, part of a trend of banks using unconventional tactics to promote their brands.

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Three investment banking giants are reportedly planning to jointly build a data management company.

DotLoop, the tech startup Zillow just bought, takes the headaches and duplication out of managing real estate documents — up until the hardest part of the transaction, the mortgage. Expanding into mortgages is possible, but would be tricky.

It's not glamorous, but a tool that measures the bank's energy use has helped it reduce consumption by 17% over the past five years.

JPMorgan Chase has named retired Army Gen. Raymond Odierno senior adviser to the company on international relations, cybersecurity, leadership development and other issues.

Alternative payments are taking hold at a brisk pace. Now a major bank lobbying group and payment company is crying foul.

Envestnet's planned acquisition of Yodlee is shedding light on how real-time data about customers' financial data can shape the future of the wealth management and financial advisory business. Jud Bergman, CEO of Envestnet, says the deal will create "an unprecedented level of engagement."

The global loan platforms present an extreme example of the ongoing clash between the fast-moving financial technology sphere and the staid world of financial regulation.

For William Thomas, sustainability is a constantly evolving mission. The early targets — energy, waste, paper and employee involvement such as reduced air travel — have mostly been achieved. Some of the bank's steps will require a different approach.

In this post-apocalyptic world of apps and bots, community banks lay in ruin, fintechs come and go, and megabanks dot the vast desert wasteland.

The philanthropic arm of Wells Fargo is working with the Department of Energy's National Renewable Energy Laboratory on an incubator that grooms early-stage clean technology startups and validates their products.

Target Corp. reached a settlement with Visa Inc. over a hacker attack that struck the chain during the 2013 holiday season and exposed millions of customers' personal information.

FIS and merger partner SunGard, along with all other vendors in the space, have not been able to come to market with innovative core systems or software platforms that adequately address the new digital paradigm banks face.

Citigroup agreed to sell its Alternative Investor Services business to SS&C Technologies, a provider of software and investment services to the finance industry, for about $425 million.

American Banker looks at how banks are broadening their mission to include environmental protection — from shrinking carbon footprints to partnering with green startups to considering climate change in credit decisions.

Total System Services (TSYS), the Columbus, Ga.-based payment processor, has hired Patricia A. Watson to be senior executive vice president and chief information officer, effective Sept. 14.

The Federal Trade Commission has closed its investigation of Morgan Stanley's massive data breach. It has identified the problem that allowed the breach to happen: access controls to a narrow set of reports were improperly configured.

Social Finance Inc. has hired Joanne Bradford, a veteran of the technology and media industries, as chief operating officer.

The rise of mobile payments has had only a narrow impact on the use of cash, according to a new report from the ATM Industry Association and the business strategy consulting firm Tremont Capital Group.