Bank technology

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.

Gateway Mortgage Group has chosen Fiserv's mortgage servicing platform to improve its ability to mitigate losses.

Bank of America Merrill Lynch launched Monday an analytics dashboard aimed at helping treasurers handle their cash.

Tom Sanzone, former IT head at several of the largest U.S. banks, weighs in on the cyber war banks are fighting and how the chief information security officer’s role is getting bigger and more important.

The startup scene offers a glimpse into what the future of banking services will look like.

In an attempt to undercut U.S. banks by giving consumers free ATM access, Discover Financial Services will provide its card holders with access to surcharge-free ATMs via a partnership with Allpoint Network.

The bank of the future is a humanizing bank, where the focus is on relationships, intimacy, depth, and human connection – supported by technology.

Green Dot Corp.'s GoBank account is being featured on Lifetime's Project Runway.

Yodlee has announced a new suite of wealth management tools available for banks and investment firms to offer their clients, collectively called WealthCenter.

SIFMA's staged cyberattack Thursday was declared a success (at least by SIFMA). But experts say banks still need to put more defenses in place to protect their infrastructures.

In a hearing held by a House subcommittee Thursday, trade groups representing technology companies shared their views on a point of keen interest to banks: whether or not Congress should turn the hodgepodge network of existing state laws on data breaches into one, national law.