Bank technology

With success in many markets riding on innovative technology, banks are turning to the tricky game of venture investing.

Marc E. Rothman, a former chief financial officer at Motorola, is now VeriFone's chief financial officer.

What they lack in deep pockets, small banks often make up for in agility and a willingness to try new technologies. Bank Technology News presents the top community bank IT projects of 2012.

An internal systems issue kept Bank of America's website down for 10 hours on Friday.

Apple is playing with the idea of creating an app that would allow people to borrow cash from one another, according to a patent recently made public by the U.S. Patent & Trademark Office.

Social networking has become so common and broad-based in its use that banks have no choice but to incorporate social networking into their marketing efforts. Here are five ways they can do that.

PayPal's strict requirements for merchants that sell file-storage services have created an opportunity for competitors including BitPay, which processes payments in the digital currency Bitcoin.

At Federal Home Loan Bank of Atlanta, switching to agile software development methods has improved efficiency and reduced errors.

Barclays Bank PLC announced Wednesday a mobile banking customer milestone: More than one million people have downloaded the London-based company's mobile banking app within six months of its launch.

Small IT teams can be nimble and forward-thinking, as our picks for top community bank technology projects prove. Digital fingerprints, cloud computing and responsive web design are among the innovations at these banks.

New research from American Banker reveals that bank technology spending is starting to increase, a sign of health for industry.

When it came time for PointBank to upgrade its core processing system, the Texas bank invited other banks to join in.

Simplicity Bank found the best way to expand function without growing headcount was to outsource core functions and repurpose operations staff.

At Patelco Credit Union, software that automatically calculates loan portfolio metrics gives management and regulators the insight they sought.

How data is put together and analyzed can go a long way toward measuring performance accurately, particularly for corporate units.

Social networking is maturing in financial services. Bankers, technologists and other experts weigh in on the top trends that will move social networking to even greater heights in the future.

Personal financial management tools could be more effective, and probably more widely used, if they focused on future spending rather than spending that's already happened.

Mobile remote check deposits are becoming table stakes, and mobile photo bill payment may be close behind. But concerns about image quality will need to be assuaged first.

Chase and Royal Bank of Canada are among banks pursuing faster, more efficient and more user-friendly processes using electronic signatures and documents.

By default, the mobile channel undermines conventional controls. With a mobile-centric approach, this can be turned around.