Bank technology

Banks that have decided to use Hyperledger Fabric now have a place to find apps that run on it — apps that someone else has tested. The store, LedgerConnect, is also meant to give vendors a way to distribute their wares to banks.

A community bank in Virginia thought the $2.4 million hackers stole from its customers would be fully covered by its insurance policy, but its carrier begged to differ. Their highly technical legal fight is a cautionary tale for all bankers who assume they are sufficiently covered.

Small banks are being warned to slow down mobile tool development and check vendor arrangements, as researchers repeatedly find vulnerabilities that can be exploited by cybercriminals.

The person-to-person network also saw $28 billion in payments in the quarter and it added more bank members.

The Vatican's recent criticism of credit default swaps is reigniting a debate about the use of such financial products.

The bank sees its global reach as an advantage in supporting evolving business customer needs.

Several firms are touting tools to help financial institutions bank legal marijuana-related businesses, an industry expected to yield $10 billion in retail sales this year.

Gareth Burton comes to the banking technology provider from a multinational construction firm.

Europe's new data privacy rules have forced banks to get creative to protect sensitive data from in appropriate access or breaches.

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders.

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.

Citi and other banks are investing in automation aimed at speeding up the old-fashioned process for institutional clients' receivables and payables.

To improve videoconferencing adoption, banks are advised to focus on one particular group of clients.

About 15% of Walmart’s workforce is budgeting and taking pay advances through the app.

Brad Leimer, venture capitalist and former head of innovation at Santander and Mechanics Bank, shares his top picks.

Large card issuers began banning cryptocurrency purchases on their cards in February. But fintechs are allowing consumers to purchase and invest in digital currencies, and they say the risk is minimal.

Other aggregators came to the bank's defense, while one CEO suggested Plaid's very public protest was unfounded.

It ties checking accounts and cards to gaming and other apps to provide automated savings.

Barclays, Morgan Stanley, True Positive and other firms are turning to the technology for simulations and problems that demand large quantities of computing power.

Executives at the recent In|Vest conference discussed ways to make banks more competitive in the world of financial advice.