Bank technology

According to the American Banker Mobile Banking Intensity Index, consumers continue to download mobile banking apps and use them more each month.

Allowing online fraud to happen is one of the surest ways a bank can lose its customers' loyalty, according to a recent survey.

Recognition by a market-based standards organization such as ISO, in the form of a three-letter code, would set the stage for increasing market depth and liquidity of bitcoin trading – in turn facilitating overall consumer and merchant adoption.

Litchfield National Bank is readying a mobile app designed to educate young children about money. The Illinois community bank is taking a big step beyond its past outreach practices, such as distributing coloring books.

Banks and credit unions will have the chance to test their defense plans against cyber attacks in an annual simulated security exercise offered by the Financial Services Information Sharing and Analysis Center (FS-ISAC).

Mortgage servicing issues continue to be a significant problem despite a renewed focus on the area in the wake of the foreclosure crisis, according to a report issued Wednesday by the Consumer Financial Protection Bureau.

Fintech startups, like many young software companies, are using fun recruiting strategies to attract most-coveted technical talent to their teams and to engage people with their brands.

Policymakers and law enforcement should work with the Bitcoin community to realize the potential benefits of censorship-resistant money—and to develop tools and techniques to address the technology’s potential misuse.

Community First Credit Union in Appleton, Wis., has renewed its relationship with technology provider Fiserv.

Bank of America has passed a mobile banking milestone: more than one million small business customers are using the Charlotte, N.C., bank's mobile banking application.

IDC Financial Insights in Framingham, Mass., has appointed veteran financial services executive Jerry Silva as research director.

This week, the Internal Revenue Service launched its online registration system for banks to begin complying with the Foreign Account Tax Compliance Act. Banks that thought the enforcement dates would be pushed back indefinitely will have to make systems and operations changes.

Sterling Financial, which has 173 branches in Washington, Oregon, California, and Idaho, announced the launch of its free mobile app on Tuesday.

Free checking accounts are on the wane at traditional banks, according to a MoneyRates.com survey released Monday. But customers can still avoid monthly maintenance fees at a majority of online banks.

First Credit Union of Chandler, Ariz., has selected AnyHour Solutions for its call center services.

Monona State Bank in Wisconsin has begun using Encompass360, Ellie Mae's system for managing mortgage originations and servicing, the financial technology company announced Tuesday.

First National Bank announced Tuesday that it's made a $300,000 investment in the Colorado Enterprise Fund's Early Stage Loan Pool.

A surge in mortgage activity left Evolve Bank & Trust in Memphis feeling the need for a more efficient way to handle commissions and recordkeeping.

New details have emerged about how the Perkele crime kit attacks bank customers through their Android devices and PCs.

TSYS announced Monday that it's extending its partnership with credit scoring and analytics company FICO and jointly offering a fraud management system.