Bank technology

U.S. Bank announced Thursday that it's launching Mitek's Mobile Photo Bill Pay service to its retail customers.

Banks have made hugely successful bets on emerging technologies that changed their industry and they barely have time to perfect one innovation before the pressure to find new ways of staying relevant starts up all over again.

At Celent's Innovation and Insight Day last week in Boston, the research and consulting firm handed out 21 Model Bank Awards based on several criteria, including degree of innovation, business benefits derived and technology or integration excellence. These seven projects were the favorites of Sean Sposito, who attended the event.

The challenge is to identify and pull in data that allows a financial firm that allows it to calculate risks that it faces in securities positions held and exposures to different counterparties.

Core banking software company Temenos has landed its first microfinance customer for its business analytics product.

The 15% of U.S. adults who are underbanked are too large a segment to ignore. But the classic answer — a debit card — is not enough, a Javelin researcher finds.

Bryan Jordan, the CEO of First Horizon, says regulation and competition are forcing banks to find ways to connect with customers who don't want face-to-face contact.

Webster Bank sought a way to grow while reducing operating costs. The answer it found included outsourcing more IT and rationalizing real estate.

Former SunTrust banker and newly recruited Fiserv exec Schmelzer offers tech advice to banks.

Mortgage software manufacturer MortgageFlex has announced a partnership with Global DMS, a provider of valuation software.

A group of hacktivists who claimed responsibility for a series of cyberattacks on some of the nation's biggest banks is vowing to resume its offensive.

Payments processor Elavon has formed a division to help merchants cut costs.

What will the next big legislation look like? We asked academics, analysts and former top regulators to weigh in.

Silicon Valley, Silicon Prairie and Silicon Alley all have their virtues, but some say Atlanta has the most to offer financial technology startups.

Traditional lenders argue that state bans are merely driving consumers to Internet-based lenders that are largely unregulated and don't pay U.S. taxes.

Akcelerant announced Monday a new relationship with Scorelogix, a predictive analytics company out of Newark, Del., that enables the Malvern, Pa.-based company to sell Akcelerant Insight Scores to banks.

The high-profile break-in of @burgerking has many bank employees discussing authentication and security mechanisms for the social media networks.

Andera said Friday that Bank of Zachary in East Baton Rouge Parish, La., has selected the company's oFlows platform for account opening.

The Department of Homeland Security has issued advice to companies about how to better protect themselves from cyber attacks. Bill Stewart at Booz Allen helps explain what the guidelines mean for banks.

Customers themselves are lending momentum to the banking industry's movement toward electronic signatures. But compliance questions and other implementation hurdles remain.