Bank technology

Narayan Bharadwaj, the former general manager and head of mortgage technology vendor Wipro Gallagher Solutions, will serve as president and chief operating officer of the newly created professional services division of document preparation vendor DocuTech.

As bitcoins become more popular, banks should consider the credit risks associated with borrowers who own digital currencies and take steps to mitigate potential pitfalls.

As banks struggle to make sense of their wealth of customer information, the burgeoning industry of online marketplace lending is finding novel ways to glean insights from unconventional data points.

The Securities Investor Protection Corp. on Wednesday issued a warning about recent phishing scams targeted at brokerage clients.

Eugene Danilkis, CEO of fintech startup Mambu, discusses banks' efforts to finance small and medium-size enterprises in developing countries, either indirectly (by funding microfinance organizations) or directly (by creating special lending subsidiaries unencumbered by legacy processes). He also explains how microfinance has moved beyond old stereotypes of lending to "basket weavers and fruit sellers"; why banks should heed Bill Gates' financial-inclusion message; and what the U.S. can learn from London about financial innovation.

FreeATM has launched its first set of surcharge-free automated teller machines across the New York metropolitan area.

While "double-dipping" fraud is reportedly rare, vendors want to stay ahead of a problem and help bankers feel comfortable raising deposit limits and expanding the user base for mobile deposit.

WASHINGTON — Federal regulators released a document summarizing their general findings from recent cybersecurity assessments at community-size financial institutions.

The bank's first chief data officer, A. Charles Thomas, is training his analytical eye on cross-selling opportunities, delivering instantaneous client data to employees and hiring techniques.

Bank of America's website was down for about an hour early Monday afternoon.

The state's superintendent of financial services has softened his stance toward bitcoin and other payment startups and has already shortened New York's money transmitter license application review process, which used to take nine months.

MoneyGram is offering a technology platform that enables banks and retailers to offer alternative financial services beyond just money transfers and bill payments.

Thanks to the rise of online and mobile banking, some banks now have significant customer bases in areas where they have little branch presence. The solution is to carve out a category of virtual banks that have tailored CRA responsibilities and examination standards.

New York may grant transitional licenses to small virtual-currency firms and startups to let them grow before facing the full burden of new regulation, the state's top financial watchdog said.

The Financial Services Information Sharing and Analysis Center is calling attention to the security risks and potential fixes to a common practice: consumers handing over online banking credentials to financial advice sites.

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

Mobile money products are taking off in countries including Bangladesh, Kenya and Somaliland — and banks have a historic opportunity to get involved in this rapidly advancing market.

Green Dot announced Thursday that its revenue and net income rose in the third quarter as the firm found ways to earn more money from its base of 4.6 million active prepaid cards.

Apple's high-profile app could give mobile wallets the jump start they needed.

As banks move analytics closer to the front office, bankers need to change the way they think about the customer.