Maxwell Financial Labs, a provider of a digital cloud-based platform used by the mortgage industry, is getting a new $3 million round of funding led by Anthemis Group's investment arm.
Hackers infiltrated a DocuSign system and stole an undisclosed number of consumer email addresses, forcing mortgage companies, banks and other financial institutions to step up their monitoring of electronic signature and e-vault providers.
Donald Trumps stunning upset in the presidential race is likely to embolden his followers to push for changes to Internet law that could significantly alter how financial technology is conceived, built and delivered to market.
Ellie Mae has launched the Encompass Lending Platform, allowing customers to integrate external systems and data, and build custom applications in the cloud.
Lenders and servicers haven't faced the same scrutiny over data security as their peers in retail and other financial services sectors. But mortgage companies must remain vigilant, as the extensive data they collect can expose consumers to identity theft if it got in the wrong hands.
Cybersecurity precautions often focus on preventing a data breach. But what if those precautions aren't enough? Here's a look at steps lenders and servicers can take now to prepare their response in the event of a catastrophic data breach.
Artificial intelligence like IBM's Watson may not make bank compliance officers obsolete, but it could mean far fewer of them will be needed in the future, focused on higher-level tasks.
IBM will purchase Promontory Financial Group a consultancy so influential it has been dubbed the industry's "shadow regulator" in a move that could extend artificial intelligence into every aspect of banking.
