Bank technology

Our contributors have presented their ideas on how tomorrow's banks can offer customers value and make money for the long haul. Now it's time to share yours.

Miranda Hill, vice president and manager for Digital Innovation Capabilities at Wells Fargo Labs, tells Mary Wisniewski about some of the emerging technologies with which the bank is experimenting.

The virtual banking provider is moving its headquarters into an 85,000 square foot building in Austin, it announced Wednesday.

New executives are effecting an IT reawakening at Orrstown Bank to prepare it for growth. Projects being tackled include: enlarging the IT team, outsourcing the core, replacing the email system and redoing the digital channels.

The bank isn't just a place to store your money. It's a place to store your data under lock and key, but available to all those with permission to use it.

Mortgage technology company FNC announced Tuesday a browser-based platform that can shepherd banks and investors through the buying and selling of home loans.

In a move that will give D+H deeper roots in the U.S. and a broader product set, the Canadian company announced Tuesday that it has reached an agreement to acquire Harland Financial Solutions.

LendProtect announced Tuesday a partnership with Yodlee Interactive to create a new service designed to offer U.K. lenders a 90-day view of their prospective customers' bank account data, including deposits and payments.

The Securities and Exchange Commission charged Trendon Shavers with defrauding investors of nearly $150,000 worth of bitcoins through Bitcoin Savings and Trust, an online investment scheme he ran, and of making false claims while soliciting investments online in 2011 and 2012.

Cloud computing vendors should be reaping a windfall from bank clients, if a recent report is a true indicator.

A hack that exposes information on cellphones' SIM cards could potentially endanger customers' bank information.

St. Mary's Bank, a state-chartered credit union in Manchester, N.H., recently notified all its 115,775 New Hampshire customers of a possible data breach.

Fiserv announced Tuesday that First Federal of Bucks County and United Community Bank, located in Lawrenceburg, Ind., have chosen its DNA account processing platform. DNA is the core banking platform created by Open Solutions, which Fiserv acquired in January.

The relationship between traditional financial institutions and startups is a recurring theme in BankThink's series, "The Future Model of Banking." While young companies are nimbler and more innovative, banks have the advantages of regulatory protections and incumbency. So while the disruptive newcomers could make banks obsolete, these entrepreneurs may be able to accomplish more by working with banks than they might on their own.

Our model must change to reduce embedded friction, whether in the form of fees or complicated processes. We must keep up with the simplicity, usability and transparency customers now demand.

Banks must throw away their traditional thinking and acting like the newcomers in the business.

Nonbank lenders are analyzing reams of data to help decide if they should make short-term loans to cash-strapped consumers who don't qualify for mainstream credit.

The New York bank showcases more than 4,000 available jobs.

Identity management and trust in the online world may be the new business of banking.

Google has taken a stake in semiconductor maker Himax Technologies, which creates the silicon chips and modules used in the search engine giant's Glass.