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Tech tools for the financially challenged
By Lindsay Blakely Americans' credit card debt is expected to reach a staggering $780 billion this year, according to Equifax and Moody's economy.com. And that doesn't even include the unpaid bills...
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The rebirth of VC (really!)
Venture capital isn't mired in a new normal. Instead, it's on the verge of a cyclical upswing. By Roger Ehrenberg, contributor To most, the world of venture capital appears to be in the midst of chaos....
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Today in Tech: More WikiLeaks, Google, Amazon and LivingSocial
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits...
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Venmo: Fighting the good fight against the online payment giants
In each corner of the startup world there's a Venmo for every Paypal -- a little engine that could, and wants to, badly. FORTUNE -- Hours before I met Andrew Kortina, I had already given him my credit...
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As Windows XP retirement nears, businesses weigh upgrade risks
Microsoft will end support for the aging operating system after April 8, leaving unprepared financial institutions vulnerable to hacking. By David Z. Morris FORTUNE -- After April 8th, 2014, Microsoft...
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Level Money wants you to think before you spend
A new service tackles budgeting for millennials by emphasizing the view ahead (and not the one in the rearview). FORTUNE -- Most financial services apps try to take the friction out of payments and...
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Need money? Check your Facebook page
A new move in Ireland positions Facebook to become a major player in mobile payments and money transfers. By Erik Heinrich FORTUNE -- The social media giant Facebook is seeking a license from Ireland's...
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JPMorgan’s Dimon: There will be wins, losses in battle against cyber threats
JPMorgan Chase should be concerned with a suddenly turbulent market, but it’s the ongoing threat of cyber attacks that’s keeping the bank up at night. On Tuesday, CEO Jamie Dimon addressed on the...
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Ocwen executive chairman to resign in New York settlement
Ocwen Financial Corp’s executive chairman, William Erbey, will step down as part of a legal settlement with New York’s financial regulator, the Wall Street Journal reported, citing people familiar with...
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GE is taking the axe to its finance arm in a landmark strategy shift
General Electric Co. GE is to get rid most of its GE Capital unit to create a “simpler, more valuable company” focused on its core industrial operations, in a landmark decision for both the company --...
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Financial firms gravely underestimate cloud usage, report says
It was on a visit with a chief information security officer at a large bank that Rajiv Gupta, co-founder and CEO of Skyhigh Networks, a 4-year-old cloud security company based in Campbell, California,...
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Several companies are trying to take down the Bloomberg Terminal
If you’re in finance, you know the Bloomberg Terminal. How can’t you? The dual flat-panel monitor, the throwback user interface, the distinct keyboard, the $25,000 price tag--these are the signs of an...
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Brewing megadeal, Fed meeting starts–5 things you need to know today
Hello friends and Fortune readers. Wall Street stock futures are a tad lower this morning ahead of the all-important meeting of the Federal Reserve’s Open Market Committee meeting, which some people...
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Hot Cloud Security Startup Aims to Win Over Banks
Zscaler, a computer security company valued at more than $1 billion, is eyeing banks intently. The so-called unicorn startup--meaning a private company valued at $1 billion or more--operates in more...
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Former Box Exec Joins Electronic Signature Startup as COO
UPDATE: This story was modified Feb. 11 to add more context around DocuSign’s partnerships. Whitney Bouck, the former Documentum marketing executive who shaped Box's strategy for winning over big...
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IBM Has A New Computing Beast For Banks
IBM's last 15 consecutive quarters may have investors grumbling as the company's sales continue to decline. However, the company's business of selling mainframes, the old-school powerful computing...
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Analysts Suggest Google’s Parent Should Acquire AIG
One group of analysts believes Google’s parent company should bet big on financial services and acquire AIG, the nearly century-old insurance company. The idea would be for Alphabet GOOGL to acquire...
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Pssst, Amazon Cloud Is Not Really New to Banks
That Amazon Web Services has been pitching its public cloud services to banks, as reported by The Wall Street Journal, is not a shocker. Amazon is well into year four (or five?) of a big push to get...
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Palantir and Credit Suisse Team Up to Track Down Rogue Traders
Palantir Technologies built its reputation tracking down criminals and terrorists for the likes of the FBI and CIA. Through a joint venture with Credit Suisse csgkf , the secretive big data startup...
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Exclusive: Even Raises $9 Million to Help Hourly Workers With Financial...
Even, an Oakland, Calif.-based financial services startup, has raised $9 million in funding led by Valar Ventures, the investment firm backed by Peter Thiel. Prior investors Khosla Ventures, Qualcomm...
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