Bank technology

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.

A high-tech crowdfunding firm plans to make investing in early-stage startups as easy as buying a stock on E-Trade.

Banking technology firm Temenos has launched a tool designed to help banks integrate new IT systems with existing software.

Diebold is making its Opteva line of automatic teller machines available in Kenya, according to African news website Standard Digital.

Carolina Premier Bank hopes its blend of Southern charm and robust technology (robotic bankers, anyone?) will be a hit with residents in the nation's capital.

Green Dot's recently launched branchless GoBank is holding personal checks deposited via smartphones for so long it raises questions about its grasp of its business model's risks and its customers' psyches.

A report from McAfee called "Cybercrime Exposed" provides insight into what it costs to operate cyber fraud.

A group that promotes the digital currency Bitcoin has thrown down the gauntlet with regulators, telling California officials that selling the digital currency does not require a state money transmitter license.

Wintrust Financial, a community bank holding company in Illinois, is piloting an app that lets customers pre-order cash at ATMs.

NCR announced Tuesday that Lake State Credit Union of Minnesota is using its Aptra Interactive Teller machine to better reach far-flung customers.

Interneer announced Tuesday that Los Angeles Firemen's Credit Union has decided to use its process automation software to enhance its self-service channels as well as efficiency between front-line staff and back-office operations.