Technology Will Drive RESPA Reform, Says HUD
Proposed changes to the Real Estate Settlement Procedures Act, or RESPA, would have a substantial impact on the $50 billion annual market for consumer mortgage settlement services, according to the U.S. Department of Housing and Urban Development.
Citizens Trust Bank Aims Big
Citizens Trust goes toe-to-toe with the big banks using in-house image capture, online statements and branch automation technology.
A Look into Banking Trends for 2003
Heightened competition from non-banks, a persistent bearish market, and a general erosion of consumer confidence will continue to influence banks' IT decisions in 2003. In particular, Celent expects banks to step up their privacy, security, and risk management efforts.
Chinese Banks Increase Tech Spend
An immense branch network, entry into the WTO and domestic competition will call for significant IT spending in China, according to Celent.
Bank One Pulls the Envelope
In a limited pilot in Indiana and Kentucky, Bank One customers will be able to deposit checks and cash, without an envelope, directly into ATMs.
A handful of companies in diverse markets have overcome the fear and inertia of an uncertain economy to invest in IT with an eye toward streamlining operations and quickly adapting to change.
Excelling With Secure Messaging
Secure messaging simply provides a private channel through which customersand financial institutions (FIs) can communicate regarding account numbers,transactions, balances and related information. This opportunity, however,will go unrealized unless banks and card issuers improve the service and efficiency of their secure messaging offerings.
BofA To Install Secure Messaging System
In deciding how to send confidential information, like monthly statements, securely to corporate clients and consumers, BofA officials have abandoned conventional approaches in favor of guerilla tactics, where businesses and technical staff engage each other in a war of ideas.
Paying For The Future
Electronic payments is a trend Leonard J. Heckwolf first started tracking 12 years ago when he headed the ACH business for then Chase Manhattan Bank.
Merrill Lynch takes aim at maximizing IT return.
A new Web infrastructure helps David Boyles steer ANZ Banking Group toward universal accessibility.
California Savings Chooses Aurum
California Savings Bank inks a five-year deal with Aurum Technology, under which the bank will implement Aurum's core processing system and its integrated electronic banking suite.
Bankers Bank Taps Risk Suite
Bankers Bank licenses the BorderShield and GLB Compliance products from Guarded Networks to deliver to its financial institution customers.
First Niagara Falls For S1
When First Niagara Bank needed an all-purpose technology solution for delivering retail and commercial banking services via branches, telephone and the Internet, it turned to S1 and its Enterprise Solutions platform.
Grupo Uno licenses AwardTrack; Reserve Bank of Zimbabwe installs CRISP; Saudi Arabian Monetary Agency contracted with Logica to build a payments system incorporating electronic bill payment, e-commerce, m-commerce and smart cards.
Glasgow Opens International Financial District
Glasgow doesn't get a lot of daylight this time of year. But it's getting brighter and brighter underground due to the telecom traffic on the fiber-optic cables used by financial services firms.
Amicus Retreats From U.S.
Canadian Imperial Bank of Commerce shuts down the U.S. operations of Amicus and also scales back e-banking operations in Canada.
Bank One taps ImageMark from NCR; SunTrust Banks joins DealerTrack; Commonwealth National Bank goes live with Web Cash Manager.
Associations Upgrade Networks
MasterCard and Visa enhance their communications networks, authorization systems, clearing and settlement systems and messaging protocols.
SVPCo To Launch Image Exchange
The end of the check-clearing paper trail is getting closer.The SVPCo uncorks plans for a service that will enable banks to stop moving paper checks around the country and start sending electronic data and check images instead.
Busted ID Theft Ring Part of A Growing Epidemic
A scheme that allegedly bilked consumers out of millions of dollars in phony credit card charges and other losses is the largest in a growing number of identity theft cases that have hit consumers, financial services companies and law enforcement agencies.
To Catch A Thief
The Patriot Act has firms investigating how technology can help prevent them from being a clearing house for criminals.
Getting The Message
It has been awfully hard to reach me by e-mail of late, that the messages you have been sending to firstname.lastname@example.org have been bouncing back to you at a frequent rate. Alas, the problem lies in our new e-mail filtering device.