Hardware and software

Come the second quarter of 2024, JPMorgan Automated Investing will be no more.

In a survey, 88% of financial institutions had experienced a firmware-related attack, which the Department of Homeland Security has called an "overlooked" vector for cyberattacks.

The digital banking and payments wave needs more cloud computing and less hardware, says Ripple's Marcus Treacher.

It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators.

Investors think the billions being shelled out to keep up with the likes of Amazon might be better spent elsewhere.

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.

Lenders have learned that automated wealth management tools enhance financial advisers' interaction with clients and can bring in more business.

Corporations now have more access to consumer financial information than ever before. The question is whether banks will be the ones to help firms harness this data.

As major vendors consolidate, financial institutions should be looking to adopt emerging technologies, rather than relying solely on legacy firms to provide services.