Bank technology

The Swiss company said SocialComply is designed to help banks participate on social media channels.

One surprising fact that emerged from today's FinTech Innovation Lab "Demo Day" today at Credit Suisse's New York City headquarters was that investment in early stage New York financial technology companies is skyrocketing.

Mobile check deposit, once a low priority technology for banks, has become one of the most sought out mobile banking app features. But along with popularity and increased use, the potential for fraud is emerging.

Ask Roberto Herencia, the new chairman of Metropolitan Bank Group, about its well-placed ATM near one of the Windy City's most popular bars, and he'll probably smile.

Technology is among the biggest expenses for small banks, so it is important for managers to read the fine print before finalizing a contract.

The card network has upgraded its Smart Data portal with a new analytics module that helps corporate card customers keep an eagle eye on expenses.

The banking technology firm nCino has formed a joint venture to offer web-based SBA-lending software.

Authentify is offering banks a way to build security into their mobile apps.

In a pioneering social media move that banks could emulate, American Express is offering customers the option of receiving statement information via Facebook.

Facebook's new tool lets users search for one another using sentences and phrases rather than just keywords. Bankers see potential for this tool in areas like sales and know-your-customer compliance.

Big banks are taking steps to defend themselves against cyberattacks, but regulators and policymakers want to see more progress.

First Data Corp., led by former JPMorgan Chase co-Chief Operating Officer Frank Bisignano, hired the bank's former Chief Information Officer Guy Chiarello as president.

Mitek announced this morning it has been issued a U.S. patent on its application allowing consumers to transfer their credit card balances via mobile devices, which is currently being piloted at San Diego County Credit Union.

To contend with a major security threat outside banks' control — malware that online or mobile banking customers allow on their computers — clientless detection products look at incoming transactions for signs of foul play.

Doorsteps, an online tool used by realtors to educate prospective home buyers (and gather sales leads), has widened its scope to be of use to bank loan officers.

JPMorgan Chase's and U.S. Trust's mobile apps for high-net-worth individuals shared the top ranking among U.S. firms in a report published Monday by MyPrivateBanking Research.

EMC Corp. announced Monday that it purchased identity and access management company Aveksa.

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Regulators increasingly are holding banks accountable for the misdeeds of vendors and customers. The trend reflects a broadening of their definition of what constitutes safety, soundness and reputational risks to banks. For senior industry executives, the implications are that banks will be pressured to police the behavior not only of employees but of those they deal with outside the bank as well.