Bank technology

In a highly unusual initiative, small community bank Independence Bancshares has been building a real-time transactions processing system. CEO Gordon Baird hopes to attract others to use it, too.

With the hiring of the former PerkStreet team, the Boston bank joins the likes of BBVA Compass in teaming with nonbank disruptors to help it better compete in the digital age.

Credit Sesame and Credit Karma were among the first companies to offer credit scores at no charge. Now they're looking to do the same with products that credit card issuers have traditionally sold.

Banks should not expect customers to cough up their data if there isn’t something in it for them.

Wells Fargo & Company is opening two techier smaller branches in the D.C. area.

Target Corp. took two big steps to put the holiday data-breach nightmare behind it today.

Wells Fargo's credit card business is slowly growing, especially among students and lower-income borrowers. But now it's about to make a play for the biggest spenders by unveiling a travel-rewards credit card.

Microsoft has acknowledged a security flaw in its widely used Internet Explorer browser that could put online banking users at risk.

Eastern Bank in Boston has established a new unit to develop technologies for itself and other banks and has tapped the former leaders of the tech startup PerkStreet to run it.

FICO has acquired the Hadoop-based analytics technology developed by Karmasphere in Cupertino, Calif.

With help from their vendors, small banks are enhancing their online and mobile banking offerings by adding features that allow business clients to more quickly approve wire transfers, send out invoices and manage other day-to-day tasks that previously may have required a visit to the branch.

Facebook is giving banks anonymized data about customers' online behavior. U.S. Bank is mining its own customers' data more deeply to provide offers. Both say they let customers set the rules.

Work/life balance, and the payments world itself, have something in common — they are undergoing radical change, according to women executives in the industry who shared tales about leading both efforts.

Lenddo, one of Bank Technology News' top ten fintech companies to watch, announced a new credit card whose application process includes crunching social media data to help determine the creditworthiness of individuals in Colombia with thinner credit files.

Gavin Michael, Chase's relatively new head of digital, shared some plans for heightening the emotional levels of mobile banking.

Bankers have reservations about building apps for Google's much-hyped wearable device, but they see real promise in adopting technology that would work with wireless beacons in branches and stores.

The state is asking Google, Comcast and other companies to stop running ads for companies that can't lend legally to its residents. Bankers are also being urged to be on the alert for illegal loans to their customers.

CUA's challenges, and its ultimate success, could prove to be instructive for U.S. banks that have been holding off on replacing core systems due to the expense and disruption related to such a large project.

Former Wells Fargo (WFC) executive Bob Garrett has joined the institutional trading network Liquidnet as head of technology.

Those in the industry say customers aren't asking for specific same-day capabilities. Could it be that they aren't asking because they are finding solutions elsewhere?