Bank technology

Are banks destined to become trusted repositories for personal information as some pundits predict or is the notion utter nonsense? That was one hot topic of conversation during a recent Twitter Chat hosted by American Banker on the future of banking. The publication's BankThink editors discuss.

Defense.net left stealth mode Tuesday and announced its initial $9.5 million round of funding.

Wolters Kluwer Financial Services has introduced a tool to help manage loan origination.

Brinqa's tech and ops risk modeling software calculates the value of worst-case scenarios, to push investment in solutions.

Republic First Bancorp (FRBK) will allow customers to access funds at Allpoint Network ATMs without paying service fees.

The impact distributed denial of service attacks on banks has had on consumers has been minimal, according to a consumer survey shared exclusively with American Banker on Monday.

Deutsche Bank launched software Monday to help treasury clients better manage their suppliers and receivables.

With banks evolving as mobile app and site developers, they need to pay more attention to performance and handle developing and testing the way the software companies do.

Tech vendor Linedata announced an updated loan origination and risk management platform, Linedata CapitalStream.

CardHub has launched a social networking site for personal finance called WalletHub, which allows users to review financial services companies, compare fees and get personalized financial news.

A Bitcoin conference in New York last week drew a motley crowd. There were the expected wide-eyed believers in the digital currency, earnest entrepreneurs building Bitcoin-related businesses, and somewhat more skeptical venture capitalists — but also traditional banking lawyers and anti-money laundering compliance consultants whose services are in hot demand. Startup executives complained about the difficulty of getting (or keeping) bank accounts and state money transmitter licenses. But the technology shows great promise and demonstrates that it is possible to send money as fast and as cheaply as email, even if banks running on legacy systems cannot.

Harland Clarke, the world's biggest check printer, reported that second-quarter losses increased to $22.8 million amid costs related to the billionaire Ronald Perelman taking the company private a year ago.

The feature presents a win-win scenario for banks and their customers as well as an opportunity for mobile-centric financial startups that can serve as the catalyst for widespread adoption.

Fifth Third (FITB) in Cincinnati is selling $85 million worth of shares of Vantiv, its former subsidiary.

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

Thoma Bravo announced Thursday that it's completed the acquisition of Intuit's financial services division in a deal valued at more than $1 billion.

The wave of DDoS attacks on banks that began July 23 is having a less severe impact on their websites. However, new, related fraud threats persist.

Westpac Banking, Australia's second-biggest lender by market value, said a two-day outage of online banking is still affecting some customers as the bank works to restore full service.

Mortgage-technology company Ellie Mae's quarterly profit fell 26%, as higher costs offset rising revenue.

Bill.com announced Thursday that it is launching its own brand of multi-factor authentication as part of its Banking Platform.