Bank technology

Online marketplace lending, a mushrooming business in the U.S. and the U.K., could take hold elsewhere, says Matt Burton, whose Orchard Platform is looking to expand its lender-support and analytical services internationally.

Before its IPO this week, online lending platform OnDeck was operating "with the discipline of a public business," holding simulated earnings calls among other exercises, says Noah Breslow.

Small banks and credit unions are looking to a lab hosted by NCR's Digital Insight to try out new tech like biometrics and beacons in an effort to keep up with their larger competitors.

The Office of the Comptroller of the Currency says its cybersecurity exams already include many of the same requirements New York's financial regulator recently spelled out for assessments of state-chartered banks.

Rigid state licensing laws have compelled some payments startups to partner with licensed money transmitters in order to get their programs off the ground. That's a good thing.

One big question in the debate over regulating cryptocurrencies is whether to apply existing rules to these new technologies or craft new ones. A state regulators' trade group recognizes that there may be no one right answer.

Chinese banks, desperate to attract customers who are finding alternatives for their savings, are turning to giveaways. On offer at one branch in Beijing: an iPhone 6 Plus or a Mercedes-Benz.

City National Bank in Los Angeles is launching a new online magazine with a goal of driving more traffic to its website.

As bank executives continue to debate, hesitate and worry over the security issues related to using applications that connect to the cloud, their employees are using cloud-based apps by the hundreds — often without banks' knowledge.

Marketplace lender Social Finance may pursue a larger initial public offering than expected, CEO Mike Cagney said. Progress in its mortgage business and a new lending app will be pivotal to the company's future, he said.

Some banks offer better mobile apps than others, although there is time to recover because most consumers are not quite ready to switch banks yet based on app quality.

BBVA's purchase this week of Madiva Soluciones will help it solve customer analytics problems. But more importantly, it brings the bank a stable of experienced data scientists.

On its face, the House vote late Thursday to approve a spending bill that included an unrelated provision written by Citigroup was a big legislative victory for the bank and its fellow Wall Street behemoths. Yet it’s also a victory that comes at a high price.

Renaud Laplanche is a happy if somewhat tired man. The company he founded, Lending Club, exceeded most expectations by closing its first day of public trading at $23.43 after starting at $15. But challenges lie ahead for his company and others in the alternative lending space.

The KYC Registry is the next flagship in financial crime compliance, delivering on our commitment to provide community-wide solutions for the industry, says SWIFT CEO Gottfried Leibbrandt.

LendingClub Corp. soared to an $8.52 billion valuation after its initial public offering, shining a spotlight on the fast-growing peer-to-peer lending industry and setting a high bar for a company that aims to transform banking.

Tangerine, Simple, American Express and Discover are some of the financial institutions that use Apple's Touch ID fingerprint-authentication technology to let consumers replace passwords or to add security.

Paul Camp, a veteran of JPMorgan Chase and Deutsche Bank, has joined the digital-currency consumer finance company Circle Internet Financial as the startup's new chief financial officer.

Whether the startup's pricey valuation makes sense depends on whether you view it primarily as a tech firm or a financial company. And the answer to that question has big implications for the broader financial services world.

Senate lawmakers pressed government officials about whether they’re doing enough to protect the financial system from cyberattacks on Wednesday, warning that more must be done next year to help banks defend themselves.