Bank technology

Zions has selected Fiserv to support multi-channel digital payments for retail and business customers.

The Office of Financial Research, established by the Dodd-Frank Act to help regulators identify and thwart systemic risk events, faces a daunting task.

The G-20 held its summit in Cannes on managing risk in the global economy in early November. The group of heads of state covered the broad policy and political issues, financial ministers spoke on the difficulty of legislating rules and preventing unintended consequences.

Plans to reduce paper use 20% by 2015.

Mobile is one of the biggest areas of IT investment in 2012, and at BECU new alerts and person-to-person payments are the best ways to make the devices a sticky portal to relationship expansion.

Mobile and online payments startup Zipmark has secured $2 million in funding from a group of venture capital firms and others, the company said on Tuesday.

Company believed to be rebooting its mortgage search service and creating a new method for ranking "quality" lenders.

Though the mobile payments space is still nascent, the early successes seem to be those developed by technology companies and mobile-phone carriers — not banks. A new product from Sequent might level the playing field.

CIO Jim Brockett is leading a major new electronic document management initiative, in which documents across the entire enterprise will be digitized.

Short-term disruption of the financial services industry will most likely come from within: when banks partner with financial services entrepreneurs and embrace innovation. It's happened repeatedly in the payments sector: PayPal and Wells Fargo ten years ago, Square and JP Morgan Chase Paymentech today.

The mobile payment venture Isis, still almost a year away from launching its application, is partnering with an industry heavyweight to serve as the security guard for its wallet.

Fiserv said Monday that more than a dozen financial institutions signed up for its mobile source capture product.

Peoples Bank of Alabama in Cullman, Ala., is launching 30 of NCR's SelfServ automated teller machines that allow customers to deposit checks and cash at the same time through a single slot.

However, the mobile payment application is still more secure than many of its rivals, security firm viaForensics says.

Rumors are that Google will launch its Google Wallet app in London this summer.

In a sign of our economically troubled times, MRN Cubed, a mid-sized mortgage outsourcing and consulting firm that owns e-mortgage technology vendor SigniaDocs, has acquired default management workflow vendor DepotPoint.

As Wells Fargo finishes a large upgrade to its fleet to enable single slot "no envelope" deposits, it's also expanding its use of customer relationship management and personal financial management via a link to centralized data analysis.

Young, tech-savvy adults may be the quickest to embrace new technology, but don't bet on them trusting social media sites or funky startups with their cash. Banks win out easily, at least for now.

A new watch model available in the U.K. allows users to make contactless payments with a flick of the wrist. In time, it may come to the U.S.

As compliance mandates pile up, the institution is migrating to a mix of automated document delivery, imaging and third party hosting to help it meet disclosure requirements while reduce paper clutter and labor costs. Even with the new technology, it's an uphill battle.