Bank technology

Fifth Third Bank announced in August job hunting tools are now among the resources available on two of the Cincinnati bank's "ebuses."

Bank Leumi will host tech entrepreneurs from its home country for a month-long mentoring program in New York, joining other banks in soliciting new digital ideas from outside their organizations.

From California to New York, state regulators have been clamping down on payments industry innovators, forcing some out of business and discouraging others from even entering the market. That raises the question of whether antiquated statutes and ways of thinking have become an impediment to one of the banking industry's most promising growth businesses.

The Canadian financial services technology developer Davis + Henderson closed its $1.2 billion acquisition of Harland Financial Solutions on Friday.

IBM has agreed to purchase Trusteer, an Israeli company whose technology aims to prevent fraud on mobile devices and in computer applications—and whose client roster already includes Bank of America (BAC), ING Direct and HSBC.

Mobile malware attacks have increased six-fold over the past several months from year-earlier levels, research indicates. What's more, criminals' are seven times more likely to target banking customers with phishing attempts than people receiving email from another type of company. With so much going on in the world of cyberthreats, here's a look at some of the most important recent developments that has left banks facing millions of dollars in losses.

Florida regulators have fined the payments startup Square $507,000 for operating in the state without a money transmitter license.

As mobile banking and commerce have taken off, so too have the number of bugs in wireless systems. Here's a look at how some industry leaders are exterminating them and what it means for banks.

Banks have long struggled to make sense of the reams of customer data they collect across product lines. The rise of mobile banking is making this task even harder.

AvantCredit said Wednesday that it has raised $20 million in series B equity round led by August Capital and Victory Park Capital.

SunTrust Banks (STI) said it is working with the bank technology vendor BCSG to offer small-business customers online lending, planning and credit tools.

Jack Henry & Associates made $47.7 million in its fiscal fourth quarter ended June 30, 9% more than a year earlier, as revenues grew in the vendor's transaction processing business.

Mutual fund giant Fidelity Investment's first 'Glassware' app is unlikely to wow many users. But it does signal how the financial services industry is coming to regard wearable computing devices as the next mobile battleground.

First Southern Bank of Boca Raton, Fla., said Tuesday that it is launching remote deposit capture for its business customers.

Diebold announced Tuesday that LGE Community Credit Union of Marietta, Ga., has chosen its technology to revamp its seven branches.

Eric Schneiderman, New York's top law enforcer, filed a suit Monday against three online lenders and their owners, alleging that they violated usury laws by making loans that carry annual interest rates of between 89% and 335%.

Unable to secure additional funding, PerkStreet Financial announced Monday that it is closing its operations on Sept. 26. The Boston startup has been offering people checking accounts that reward customers for their debit card swipes.

Now that vendors have beefed up security and reliability, most large banks around the world plan to spend more on cloud computing services — a big increase from just a year ago.

Fidelity Labs, a unit of Fidelity Investments, announced Monday that it has launched a Market Monitor app for Glass, Google's wearable computer.

JPMorgan Chase on Monday reiterated its support of the Isis mobile wallet, set to roll out later this year. JPMorgan originally said in February 2012 that it was working with Isis, a joint venture of AT&T, T-Mobile and Verizon.