Bank technology

American Banker's Mobile Banking Intensity Index showed consumers' use of mobile banking apps picked up in December.

The company lowered its forecast for credit card losses Thursday, but also acknowledged weaknesses in some of its smaller business lines such as mortgages and U.S. debit cards.

PayPal's history suggests that the problem of Bitcoin fraud will only get worse as the electronic currency gains momentum.

Calling Bitcoin a "payment innovation," Fed Chair Janet Yellen said it is not easy to supervise the digital currency because "there's no central issuer or network operation."

BBVA's agreement to buy the online banking startup Simple will help improve its mobile banking and other technology, but the deal also highlights the stakes for other traditional banks as the industry tries to innovate. American Banker editors discuss which banks are the most forward-thinking and how other traditional financial companies can learn from startups and other disrupters.

Instead of dwelling on tired arguments, industry reps and consumer advocates should focus on, among other things, ending the debt cycle, promoting financial literacy and helping borrowers build credit.

The need that drives millions of people to seek out small loans isn’t going away. Lenders can fill the gap by restructuring payment models, focusing on a borrower’s ability to repay and developing a variety of solutions.

The virtual currency and payment system "has allowed users to participate in illicit activity, while also being highly unstable and disruptive to our economy," Sen. Joe Manchin wrote to regulators in a public letter released Wednesday.

Following a series of high-profile data breaches, legislators in the nation's largest state are kicking off a debate that has nationwide implications.

Digital Authentication Technologies, a location identity software provider, is integrating its Contextual Location Fingerprint technology with a broader set of security products encompassed by the McAfee Security Innovation Alliance partner program.

With media outlets reporting the grisly details, there has never been a better time to educate commercial account holders about the risks associated with online banking, particularly phishing attacks.

In BMO Harris Bank's recent upgrade of its online banking site will offer improved personal financial management tools to mass affluent customers.

Many people put off saving for retirement because old age seems far away. A new mobile application by Bank of America (BAC) aims to give procrastinators a sense of urgency by bringing them face-to-face with their wrinkled future selves.

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

Jamie Dimon, who built JPMorgan Chase & Co. into the world's biggest investment bank, said threats to its dominance may come from Beijing, Silicon Valley and a San Francisco-based rival with a stage-coach logo.

Customers Bancorp in Wyomissing, Pa., (CUBI) plans to launch a virtual mobile banking platform in the third quarter of this year meant to make banking services more effortless for consumers.

The framework released by the National Institute of Standards and Technology should serve as an important tool for banks in meeting regulators’ heightened expectations for managing cyber risk.

JPMorgan Chase & Co. (JPM), the lender whose legal and regulatory battles led to more than $23 billion in settlements in 2013, said Chief Compliance Officer Cindy Armine left to join another firm after a year on the job.

If standards from the FIDO Alliance are commonly adopted, many banks may drop their reliance on usernames and passwords when identifying users in favor of such alternatives as fingerprint scans and voice and face recognition.

Wells Fargo (WFC) has named A. Charles Thomas to the newly created position of chief data officer.