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 from our social media platforms.

BankMobile, a division of Customers Bank in Phoenixville, Pa., announced that it will be one of the first banks to adapt its mobile application specifically for the soon-to-launch Apple Watch.

Idea Bank in Poland aims to win over new small-business customers with an Uber-like service that orders cars equipped with ATMs and cash deposit machines to drive to them.

Wall Street traders are already threatened by computers that can do their jobs faster and cheaper. Now the humans of finance have something else to worry about: Algorithms that make sure they behave.

Prosper Marketplace, one of the leading U.S. consumer marketplace lenders, announced $165 million in equity funding from large banks and other investors Wednesday.

As it launches instant payments using Dwolla, BBVA Compass joins a growing list of banks that are seeking "internal disruption" by giving innovative tech companies access to their inner workings.

Bitreserve, a payments startup that aims to give consumers the speed, transparency and cost advantages of Bitcoin without the currency fluctuations, hired a former Barclays executive as its president and chief operating officer, a newly created position.

Novantas, a New York-based bank advisory firm, has hired the former head of analytics for Bank of America.

Mobile game apps are emerging to expose young adults and children to financial concepts and to help solve problems money management apps may be overlooking.

While financial institutions are apt to remain wary of the cryptocurrency and others like it, the industry is ready for more-controllable versions of its distributed-ledger technology, a new report argues.

Banks are increasingly focusing on smartphones and tablets as the primary platforms with which to engage customers. But do they really understand how Americans use mobile devices?

Jacob Dienelt, a former financial adviser at Morgan Stanley, has joined Factom, a cryptocurrency tech startup, as its head treasurer.

Malicious software that blows past antivirus software undetected, combined with sophisticated social engineering (i.e. tricking employees of bank customers into divulging information), have enabled criminals to steal $500,000 to $1 million at a time, security experts say.

A key deadline for anti-fraud card technology is prompting more retailers and banks to take a hard look at mobile payments platforms.

Merchants are making a new argument in their years-long battle with banks over swipe fees, saying Apple Pay has locked them out of additional routing options mandated by Dodd-Frank.

Fees for prepaid debit cards have shifted in the last year, with some transaction charges becoming less common while automated-teller-machine fees rose, according to a new study.

Encryption still vastly outpaces tokenization as a means of defending data in the cloud, according to a new report from a cloud data cybersecurity firm, CipherCloud.

Industry groups are crying foul over how a Consumer Financial Protection Bureau proposal to regulate prepaid cards would affect overdraft services and treat virtual currencies.

FICO and two data partners are testing a credit score based on alternative data that could help banks take smarter risks on borrowers with limited credit histories, but bankers' cost concerns and adherence to traditional methods present big hurdles.

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 from social media platforms.