Bank technology

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Yesterday the Financial Services Roundtable, along with the Retail Industry Leaders Association, sent a letter to Congress encouraging legislation to allow for better cooperation in combating cyberthreats.

A Canadian startup, Koho, is poised to begin testing a mobile financial product that helps customers manage spending — think card controls that prevent late-night withdrawals to fund one round of tequila too many.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Orchard Platform,a company that provides analytics and data support for the online marketplace lending industry, has launched an online dating site of sorts to help investors find online lenders from which to buy loans.

Bank employees will inevitably make mistakes. Lenders need to invest in people and technology to reduce their impact.

The biggest bank in the country now lets opted-in mobile Android and Apple customers view their balances without entering their user names and passwords.

Earthport, a cross-border payments service provider, has partnered with the digital currency network provider Ripple Labs to allow enterprise businesses, including banks, to more efficiently transmit money worldwide.

Blue Elephant Capital Management is planning a second fund to buy loans originated on online marketplaces. Unlike its first fund, this one will be unlevered, backed entirely by institutional investors' cash.

Citigroup has resolved a hang-up in its federal settlement of claims that it failed to protect the personal data of thousands of customers in bankruptcy proceedings.

Bankrate Inc., an aggregator and publisher of rate data and news related to personal finance, has acquired Wallaby Financial Inc., a firm that provides credit card reward apps to consumers.

LendingTree already facilitated small-business loans through its online marketplace that funds consumer and other loans; its web portal opened Wednesday exclusively shops small-business loans to individual and institutional investors.

The Oregon bank continues to draw consumers in unexpected ways. Its traveling digital art show, called “Exhibit: Growth," underscores how financial institutions are rethinking the ways they advertise their services.

A bank-backed platform for sharing information about cyber security threats has been released for general download.

Recent technological advancements are forcing banks to change the way they do business while staying true to the customer relationships that determine their success.

Target Corp. (TGT) must defend itself against claims that its failure to shield computer systems allowed hackers to steal the account data of millions of shoppers, forcing banks to reimburse fraudulent charges and issue new credit and debit cards.

New York State Attorney General Eric Schneiderman today announced the launch of a financial consumer education web app called AGScamHelp.

Bank executives need to understand these basics of vulnerability and accountability when it comes to the security of electronic networks — or they could quickly lose their jobs.

WASHINGTON — Federal regulators on Tuesday released the latest guidebook for examiners to use in assessing banks' anti-money-laundering programs.

Hackers with Wall Street expertise have stolen merger-and-acquisition information from more than 80 companies for more than a year, according to security consultants who shared their findings with law enforcement.