Bank technology

Banks today are searching for ways to increase profitability while also navigating a growing number of regulations that require stronger risk management. The result is that banks are trying to pivot back into growth mode while simultaneously needing to manage their exposure more rigorously.

The Wisconsin bank is part of a growing trend of banks bringing anti-money laundering and fraud prevention platforms together.

The CFPB plans to make lenders responsible for disclosures and document integrity, even for services they farm out to third parties, such as appraisals, income verification and collections. Compliance vendors smell cash in the water.

What would happen if you took the creativity and user-focused design sensibility of Silicon Valley and applied it to one of the least consumer-friendly industries on the planet — financial services? What is the Apple of budgeting? The Facebook of lending? The Google of bill payment?

Swift, the international bank consortium, is trying to lead by example. The first product of its incubator may not transform banking, but meets an important test of any innovation: usefulness.

Magyar Bank is reducing the number of vendors it works with.

Banks received two years to bring automated teller machines into compliance with the Americans with Disabilities Act. As soon as the deadline passed, plaintiffs' lawyers pounced on the stragglers.

Associated Banc-Corp (ASBC) of Green Bay, Wis., has selected a product from ACI Worldwide (ACIW) to upgrade its online business banking offering.

SACU is embarking on a major rollout of mobile services, in part to counter USAA's early mover advantage in offering remote financial services to military customers.

What banks are doing today for their retail customers isn't working, attendees at last week's TowerGroup conference concluded.

The growing challenges that bankers face amid a fast-changing technological and regulatory landscape were the focus of CEB TowerGroup's annual conference in Boston last week.

Acquired software meant to help customers handle new rules around overdraft fees.

Firm sees rise in threats to iOS and Windows devices, provides 42 tips for better mobile security.

Banks had two years to update their ATMs following changes to the Americans with Disabilities Act. As soon as the March 15 deadline passed, laggards found that plaintiffs' lawyers were waiting.

Elavon, a unit of U.S. Bancorp, is taking a different approach to mobile card acceptance by using a wireless card reader that is as big as the phone it pairs with.

IMGCAP(1)]

If we had a legal entity identifier in place could we have seen the problem building up? The short answer is yes.

The market-making arm of Citigroup Inc. suffered losses of about $20 million on trades made during last Friday's glitch-plagued listing of Facebook Inc. on the Nasdaq Stock Market, according to persons familiar with the matter.

A new product from the clearXchange joint venture of Wells Fargo, Bank of America and JPMorgan Chase may rattle the highly competitive person-to-person payments market.

New version of Flexcube said to provide integrated core, private and online banking, as well as new development tools that let banks make their own system changes.