Trust and transparency can be strengthened and like-minded borrowers and banks can be brought together if transactions are “tagged” and investments are explained, argues Bruce Cahan, adjunct professor at Stanford University. American Banker: Feed
Facebook now lets users log in using a physical token. If banks gave consumers this option, it would strengthen the security of online accounts — or at least bolster their image. American Banker: Feed
The government should encourage the development of the fintech sector, but should not grant a safe harbor for such firms, Sen. Mark Warner, D-Va., said Thursday. American Banker
The most important cybersecurity questions in banking are also the most basic: Who has administrator access? What kind of programs are installed on computer systems? “If I can’t answer those questions, I’m sure the criminal can,” says Andre McGregor, director of security at Tanium. American Banker
Every consumer with a 401(k), retirement account or brokerage account ought to care about whether the government has the right to unilaterally amend a companyÂ’s operating agreement. BankThink
