Bank technology

Firm is adding context mapping from the Reinvestment Fund to its CRA and fair lending compliance software to help financial institutions see their loan and deposit distributions across geographic regions and demographic groups.

Yahoo said it is selling up to half its stake in Alibaba Group back to the company.

Community Bank in Iowa to provide online fraud training from TRC Interactive to employees.

The SWIFT board has nominated marketing head as Gottfried Leibbrandt to be the new CEO.

The card firm is using network and transaction data, along with social media intelligence, to produce scores that produce a spending graph and drive recommendations for merchants and loyalty offers.

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When the alternative payments provider Dwolla changed its terms of service earlier this month, it made it harder for users of the digital currency Bitcoin to use Dwolla as a funding source — and easier for banks to step in and benefit from the Bitcoin economy.

The makers of Farmville and Words with Friends are leading the way on customer intelligence, Forrester analyst Joseph Stanhope says.

SunTrust Banks in Atlanta is tapping into Generation X and Baby Boomer angst with a well-named retirement planning tool it's launching today: Retirement Income Navigator.

Bank of Ann Arbor has invited local residents to write billboards poking fun of larger out of town banks' alleged lack of local knowledge in a new ad campaign.

Personal financial management software must deliver real value to banks, not just consumers. Just saying PFM increases customer loyalty doesn't cut it. The value proposition has to be more attractive given the revenue pressures banks face today.

It's hard to say why, but bank technology companies seem to be in love with nonsensical names. Their origins may not be obvious, but goofy brands often have straightforward stories behind them.

Wells Fargo has launched a collaborative online community for college planning aimed at students, parents, guidance counselors and financial advisors.

Every year, despite the risks and high costs, millions of Americans turn to payday loans for emergency funds. To date, a top-down, regulatory approach has been the primary means of addressing the downsides of the payday lending industry. To improve protection of consumers and encourage this industry to mature, such regulation should be joined by efforts that encourage market transparency.

RBS Citizens Financial Group is adding person-to-person payments for its online banking users and expedited automated clearing house transfers for its mobile banking users.

Cardlytics announced Wednesday that the company, which provides targeted offers to debit-card users, is offering a similar technology designed for credit card portfolios.

On YouTube, puppet shows are fine for consumers, but to appeal to businesses many banks are taking a more serious tone — and putting their own clients in the spotlight.

Jumio has released a software development kit to allow programmers to use its credit card scanning technology in mobile apps.

New programs based on the company’s HANA in-memory database technology are intended to help banks analyze financial data and deposit transactions.

Attaching readers to smartphones is an emerging way for merchant acquiring banks to extend digital payments to businesses. Before the market takes off, PCI plans to weigh in on the new technology to ensure solutions pass encryption vetting.