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A 15-hour shutdown of online banking, mobile banking, ATMs and wire transfers was caused by a single data storage unit. BB&T's lawsuit blames the vendor, but the bank may have left itself too exposed to equipment failure.
December 4 -
The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction.
November 22 -
New fintechs, particularly those that handle data, will falter without transparency and information stewardship, says AvidXchange's Steve Boehm.
November 21AvidXchange -
Executives from the bank and the tech company have been working for months to create a cloud designed to address the challenges that often slow financial institutions' adoption of cloud computing.
November 6 -
The financial services industry has struggled with how best to explain privacy and data-sharing practices to customers. Mastercard is offering a new framework.
November 5 -
Jeff McMillan at Morgan Stanley shares stories of readjusting to civilian life and how he and his company help other veterans.
October 21 -
Community banks and credit unions are eager to innovate, but technology upgrades must be done first, says Bruce Lowthers, FIS banking solutions president.
October 13 -
Credit unions often overlook ensuring that different systems and departments are well connected and can share data. Application program interfaces can help with that.
October 11CO-OP Financial Services -
The bank has developed APIs to feed customer data directly to seven fintechs and data aggregators, including MX and Finicity.
September 24 -
Melissa Koide, co-founder and CEO of FinRegLab, analyzed loan data from six lenders that use cash-flow data in their underwriting. She shares what she found.
September 17