Bank technology

At least two financial services groups say none of their U.S. bank members have reported the existence of Carbanak malware in their networks, suggesting the threat may not be significant.

Anthony DeChellis, the former head of Credit Suisse's Private Banking Americas division, has been named president of Jerusalem-based crowdfunding startup OurCrowd.

Credible Labs in San Francisco has completed a round of seed financing that it says will fuel further growth of its student loan refinancing business.

Banks' business models are even more vulnerable to a massive shake-up than industry behemoths like McDonald’s and Coca-Cola. The industry will be redefined by technological change and shifting consumer preferences, as well as by regulations that limit the sector's adaptability.

A U.S. probe into how Morgan Stanley client information ended up for sale on the Internet is examining whether a financial adviser was targeted by hackers after he took data from the bank, two people briefed on the inquiry said.

Pay.gov, the federal government's web portal for collecting payments to federal agencies, is now offering PayPal and Dwolla as payment options.

Veteran retail banking executive Deanna Oppenheimer has joined the mobile identity-authentication vendor Finsphere as a strategic adviser.

Orrstown Bank in Pennsylvania has introduced two-way text messaging between customers and its service agents. It's the latest effort in the banking industry to make communication easier for mobile-first customers.

Decisions about when and how to implement EMV technology in credit and debit cards are difficult. Many banks have decided to slowly phase it in, despite the fact the delay will open them up to greater potential liability.

Vladimir Drinkman, a Muscovite charged in the biggest data-breach prosecution in U.S. history, pleaded not guilty to federal charges that he conspired to steal 160 million credit card numbers.

Kaspersky Lab has unveiled a cyber-heist in which hackers have already stolen $1 billion from banks across the world. Here's what banks should know about how the hackers did it — and what institutions can do to protect themselves.

Social Finance, an alternative lender that has made its name in student loans, has branched out into unsecured personal loans.

A hacker group has stolen as much as $1 billion from banks and other financial companies worldwide since 2013 in an "unprecedented cyber-robbery," according to computer security firm Kaspersky Lab.

Bankers, technology CEOs and President Obama are throwing everything they have at countering the growing threat of cyber attacks, putting their faith in biometrics, tokenization and data sharing. But it's far from clear that it will be enough.

The company is addressing a problem more institutions will face as consumers increasingly bank from mobile devices. Application performance management software also helps Comerica deal with problems throughout its infrastructure.

Crowdfunding has become all the rage, and it's making some banks nervous about losing small business clients. But investUP, a "supermarket of crowdfunding platforms" that launched during Finovate Europe in London this week, thinks banks can benefit from the trend.

Banks nationwide are finding ways to make mobile deposit capture available to more people and faster without taking on more fraud risk.

American Express will certainly suffer when its 16-year cobranding deal with Costco ends in 2016, but its executives will spend the next year building up the card brand's digital payment products to create enough opportunities to ease the company's short-term pain and guarantee its long-term health.

Digital Insight, a company owned by NCR Corporation, has secured an agreement with EyeVerify Inc. to integrate the biometrics company's eye vein recognition technology, called Eyeprint ID, into its mobile banking platforms.

The Federal Reserve Board has raised several concerns about the interbank fee that is part of an industry group's plan to make funds available to consumers on the same day. It's another speed bump in the road to modernizing the U.S. payment system.