You’ve heard about how millennials love tech, love fintech apps, and don’t see any need for a bank in their life. ABA researcher Rob Morgan told attendees at a conference that bankers may be judging millennials by an inappropriate timeline.
Source: Do millennials need banks after all? – Banking Exchange
How will Home Depot’s $19.5 million settlement with consumers impacted by its 2014 data breach affect a pending class-action suit filed by banking institutions
Source: How Will Home Depot Consumer Settlement Affect Banks?
By spring, banks and credit unions across the U.S. are expected to start rolling out “card-free” ATMs, offering transactions that experts say will eliminate
Source: Card-Free ATMs: No More Skimming?
How will federal banking regulators respond to growing criticism of the FFIEC’s Cybersecurity Assessment Tool? A new FDIC publication leads some experts to…
Source: Should Banks Expect New Cybersecurity Guidance?
The convergence of the “Internet of Things” and financial services industry not only expands technological possibilities but also raises serious ethical questions about the security of consumers’ data.
Source: ‘Internet of Things’ raises big ethical questions for banks | Integration and Distribution | Bloomberg for Enterprise
How 37 banks became just Citi, JP Morgan Chase, Bank of America, and Wells Fargo in barely 2 decades.
Source: This stunning chart shows how 37 banks combined into just 4 over 20 years
A new deal between Jack Henry & Associates and CDW will supply financial services organizations with Microsoft’s mobile devices.
Source: Microsoft Surface Tablets Power ‘Branch Anywhere’ Initiative for Banks and Credit Unions — BizTech
Is your bank trying to solve today’s puzzle with yesterday’s solutions? Speakers at SNL’s recent community banking conference had some cross words for bankers who haven’t caught on yet that much is changing.
Source: Time to upgrade from mental DOS? – Banking Exchange