Bank technology

PayPal will pay a $7.7 million fine for processing payments from customers that have ties to sanctioned parties on a U.S. Government list.

Alternative financial service providers that sell prepaid cards, bill pay, check cashing and other services to underbanked consumers are becoming more sophisticated with the ways they mine customer data.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including thoughts on Wall Street's dwindling number of high-powered women and the merits and drawbacks of the CFPB's consumer complaint database.

A long-awaited bill to enhance cybersecurity information sharing has taken a major step forward.

The Securities and Exchange Commission just gave unregistered banks a way to quickly raise capital at a fortuitous time — and marketplace lending platforms a way to reclaim their peer-to-peer roots.

Google's attempt to capture the "stickiest" part of many online banking relationships could eventually help put it at the financial center of the consumer's life.

Bank Leumi has created a new unit to serve Israeli technology companies that conduct business in the United States.

A number of companies across the U.S. are harnessing technology to solve Americans' cash flow challenges. But there is much more to be done to bring these solutions to the millions of Americans who need them.

Apple Pay, Samsung Pay and Google Wallet are among the mobile payment services vying for dominance. Here's what every banker needs to know to get a game plan in place.

Lending analytics firm Orchard Platform has cut a deal with alternative small-business lender Kabbage to allow institutions to invest in the latter's relatively new line of consumer loans.

For ex-bankers like Ruth Porat, who is leaving Morgan Stanley for Google, free-flowing cash and a sunnier climate are only part of Silicon Valley’s allure, industry observers note. The tech sector is also mercifully light on regulation.

Social media data offers banks a vast, relatively untapped source of insights about everything from marketing to identifying new customers, talent and potential risk management issues. The key is assembling a team that knows how to mine social media for information.

By poaching Ruth Porat from Morgan Stanley, it's clear Google wants to forge closer relationships with banks. That's because banks hold the key to helping Google expand its Google Wallet mobile-payments product.

Banks are gravitating toward a new technology they think can help customers more easily open mobile accounts: allowing customers to photograph their driver's license from their smartphone to help them auto-fill portions of their application.

Retailers and bankers are teaming up to improve the flow of information regarding cybersecurity.

Lendio, an online lending marketplace for small business, raised $20.5 million of equity capital in a recently completed funding round.

The design of Square Cash's new "$Cashtag" system may seem like a cutesy move to appeal to more consumers, but the underlying changes to the app show that Square's new focus is all business.

Claire Cockerton of U.K. trade group Innovate Finance explains how technology can rehabilitate the global banking industry's reputation, how London became a financial technology hub and why Mayor Boris Johnson was plugging startups in New York last month.

BBVA Compass has selected Kony Inc.'s application design platform as it looks to create some new mobile banking applications, according to a March 23 press release.

An employee's careless tweet or Facebook status update can pose big risks to financial firms, but social media is still a necessary tool for engaging with younger customers.