Bank technology

In its new 80,000-square-foot development center, the bank is adopting the look, feel, and practices of fintech startups. It’s also moved some of its developers into an incubator to collaborate directly with local entrepreneurs.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the financial inequalities exposed by the Baltimore riots and whether the changes to Dodd-Frank proposed in Sen. Richard Shelby's regulatory relief plan go too far.

So far, Washington has generally smiled on tech-driven lenders such as Lending Club and OnDeck. But many in the fast-growing industry are now bracing for closer scrutiny.

Computer Sciences Corp. rose as much as 7.1 percent after Reuters reported the technology consulting company plans to split in two.

Banks and consumer groups are both eagerly awaiting an FCC decision about whether to loosen federal restrictions on robo-calling consumers. A $10.2 million settlement announced this week involving JPMorgan Chase brought the issue back to the forefront.

A New York woman convicted of participating in an identity-theft ring was sentenced Thursday to two to six years in state prison. The ring stole more than $850,000 from hundreds of JPMorgan Chase customers.

Despite years of debate, lawmakers are still grappling with key questions over how to set enhanced data security and notification standards to prevent cyber attacks, including whether they should preempt state laws.

As its military members quickly adopt facial, voice and fingerprint recognition, USAA is finding out the demographics of users skew older than expected.

It's difficult to draw useful lessons from a small pilot, since banks typically stack the deck for success. Trying out new projects at average locations that serve average customers can give banks a much better picture of the obstacles that lie ahead.

Technology services firm Accenture has formed a partnership with "neobank" Moven to create digital banking offerings.

During a House hearing, marketplace lenders suggested that the U.S. government follow the lead of the U.K., which has set up a separate regulatory regime for the online industry.

As banks compete for tech talent against the Ubers and Amazons of the world, a new startup called untapt offers algorithmic matching of workers and bank tech jobs.

Canadian telecommunications companies Manitoba Telecom Services (MTS) and SaskTel now offer their customers mobile payments through TD Bank.

A new wave of artificial intelligence applications work by crunching financial data to answer customers' questions. This may give financial institutions a leg up over their nonbank competitors, since the latter group tends to lack vast reserves of people's financial information.

The financial-technology explosion, or bubble, depending on one's viewpoint, continues.

Mitek on Tuesday rolled out a new imaging technology for financial services companies called Photo Verify. It lets bank customers take a smartphone photo of their driver's license to verify their identity.

Many lenders shy away from adjusting monthly payments based on struggling borrowers' income for fear of losing too much money, but the Education Department's expansion of such plans for student loans and new data-crunching products have reframed the longtime discussion.

Voice biometrics, fingerprint recognition, device ID and behavioral analytics are at long last becoming accurate and convenient enough for prime time.

MoneyGram has renewed its relationship with Minnesota's Bremer Bank to assist with its check services.

A new series of reports from analytics and consulting firm Accenture found that nearly 90% of the 450 financial firms surveyed plan on increasing their spending in risk management related to cybersecurity and fraud detection and prevention.