Bank technology

California's legislature has voted to reform a money-transmission law that has come under fire for stymying payments innovation.

Banks can access software applications from 20 different financial technology firms with a new program from Yodlee Interactive that extends its FinApp app store.

The Rhode Island bank earns consistently positive reviews in the app stores. William Herrmann, the bank's head of digital, explains how.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

IBM announced Tuesday that it has acquired Trusteer, an Israeli company that provides organizations with counter-fraud and cybersecurity software.

Disclosures that the National Security Agency can crack codes protecting the online traffic of the world's largest Internet companies will inflict more damage than earlier reports of complicity in government spying.

What's in a domain name, you ask? Michael Frederick, who is putting the web address CheckCashing.com up for bid, is hoping the answer is a lot of money.

Twitter put in place a multi-factor authentication system last month that mixes in-app generated codes and text message confirmations. Banks might benefit from a similar approach.

Alex Alden, formerly of UBS, has joined brokerage firm Sterne Agee to expand the financial technology practice of its investment bank.

Fiserv has introduced a service to help companies predict their customers' behavior.

The social media management software company Hearsay Social announced Thursday that it has doubled its customer base and just got $30 million in Series C funds from existing investors Sequoia Capital and NEA.

A new smartphone app from financial software provider Akcelerant aims to help lenders tap into the market for mobile loan applications.

As they reimagine their branches, banks are also testing ways to modernize their drive-through stations to adjust to a digital era. Ideas include using video tellers and touchscreens.

IBM announced Wednesday that it's working with Monitise (MONI), a British mobile financial technology company, to create mobile banking, payment and commerce services for the cloud.

In a unique partnership announced Wednesday, City National Bank is working with cloud-based accounting software company Xero to integrate its online banking site for small-business customers with Xero's technology.

A new outsourcing model breaks work up into tiny pieces and farms it out to large groups of freelancers, taking advantage of "cognitive surplus."

Two years after a data breach that compromised hundreds of thousands of customer accounts, Citibank has agreed to pay a $55,000 settlement to Connecticut.

In an effort to battle Chinese hackers, Australian researchers are working on facial recognition technology, according to reports.

Marketing data analytics company Acxiom has announced that it will begin letting consumers see some of the data it's collected on them.

A new wearable computing wristband from Canadian startup Bionym that is expected to ship in early 2014 could be used to unlock banking apps and doors.