Bank technology

Leon Panetta issues a dire warning as Capital One, SunTrust Banks and Regents Financial acknowledge they're the latest victims of cyberhacktivist attacks.

Comerica Bank in Dallas has named a former Morgan Stanley (MS) executive as its chief information security officer.

It is only natural that a business unit will not want to disturb an established, profitable relationship. But that is how risk enters a business, making the whole firm vulnerable to financial crimes or regulatory violations.

Jennifer Shasky Calvery took the reins at the Financial Crimes Enforcement Network last month, after 15 years at the Justice Department prosecuting money laundering and organized crime.

The banking industry's largest trade group is re-upping with a company that helps banks ferret out fraud in home loans.

The manufacturer introduces software as a service features at BAI Retail Delivery conference.

JPMorgan Chase's electronic banking portal for corporate clients, offered by the company's treasury services unit, now includes integrated payment and reporting capabilities, among other new features.

What did attendees at 2012's BAI Retail Delivery conference take away from the event?

The new Bluebird prepaid card from American Express and Walmart could pose a threat to rival cards and checking accounts.

Narrow budgets, broad regulations and popular digital alternatives from startups are a bad combination for community banks and credit unions.

JPMorgan Chase purged dense blocks of text from its consumer banking website for a "much cleaner" look.

After months of operating without any major snags, the Consumer Financial Protection Bureau said Wednesday the current version of its consumer complaint database is here to stay.

BankAnnapolis, an Annapolis, Md. institution, has purchased Trusteer's Rapport for Online Banking system in a bid to safeguard client accounts from digital assaults.

Tech firms will have to win the confidence of bank executives in tech and elsewhere — and back up their claims with performance contracts — to win business as outsourcing becomes more complex, says Key Community Bank's CIO.

Fun and optimism work; constant criticism doesn't, said serial entrepreneur Richard Branson at a banking conference today.

Sustainable big data governance has to become part of the DNA of the banking organization and, like quality controls, embedded in every business process.

Change for the financial services industry can no longer be incremental and slow moving while more nimble competitors continue to offer new products and services.

By acting as a channel for targeted rewards, banks can make themselves more relevant to businesses and increase their leverage in negotiations over fees, sales of core financial products, and participation in emerging mobile payment schemes.

From a technical standpoint, there is some truth to the belief that the branch model is dying. However, year after year, the branch continues to defy the critics and is in fact not going away anytime soon.

In many ways, accessing shared assets through shared networks is same old, same old for banks. But there are some real differences that banks should focus on when they engage with cloud service providers.