Bank technology

Nowadays, financial innovators are focused on digital payment platforms and alternative currencies, but coins were once revolutionary. American Banker takes a look at some of the more noteworthy advancements in the evolution of financial services, using the World Economic Forum's recent report "Rethinking Financial Innovation" as a guide.

Two shareholders say the privately-held core software provider should be sharing more information, such as EBITDA numbers.

What's the next big idea in financial services mobile apps? If the result of a contest conducted by the Treasury Department is an indicator, an app that simplifies student loans will be a big hit.

As fraudsters aim at call centers, variations of the technology that's used to coach customer service representatives can be expanded to safeguard the data that's exchanged during calls.

Bank of America is said to be testing mobile payments using quick response codes with five Charlotte merchants.

Is YouTube about to out-Google Google? The best Tweets this week ran a gamut from the future of search engines to getting a return on investment on social media.

Under the landmark settlement with MasterCard and Visa, retailers could soon start surcharging customers for paying with plastic. Here's why that could be bad news for PayPal.

User input from a pair of tech firms says a vast majority of lenders who are moving toward automated processing have an eye on the stew of mortgage rules that mandate more disclosure and tighter processing.

Bitcoin, the international digital currency defined by its lack of a central issuing authority, now has something like a chamber of commerce.

Bankers "wake up in the middle of the night" worrying about data breaches, a Citigroup executive said this week, as several big banks faced a wave of cyber attacks.

Arrangement will allow the Charlotte, N.C. bank to help business customers improve accounts receivables processes.

The financial services startup said Wednesday that Mohamed Khalil has joined the company as director of products, data and partnerships.

Experts share the real threat behind the cyberattacks against Bank of America, Wells Fargo and others, and what banks can do to protect themselves.

BBVA shows off its innovation knowledge by publishing a digital magazine on it. September marks the third issue of Innovation Edge, with content exploring how gamification and financial services can work together.

U.S banks — with PNC and U.S. Bancorp being only the latest — have been the targets of cyber attacks all week. How can they protect themselves?

Both PNC and U.S. Bancorp said Wednesday that customers encountered delays when trying to bank online, bringing to at least five the number of banks that have experienced Internet slowdowns since a cyber-threat against American banks emerged last week.

New authentication techniques such as biometrics are being developed rapidly in labs. Traditional usernames and passwords are showing signs of vulnerability. A future where palm prints and complex cryptography are part of bank logins is fast becoming more science than fiction.

LendingQB, the maker of a mortgage loan underwriting system, is adding the ability to electronically produce loan documents to its platform.

Scivantage has hired Andrew Haines to be its new chief information officer. Haines joins the software company from online forex trading company Gain Capital, where he served in a similar role.

Swift, the interbank messaging organization, plans to hire more than 100 employees for its new corporate services center in the Asia-Pacific region.