News & Commentary
Content posted in November 2008
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The Bad Economy Is No Reason to Starve Your IT Budget
News  |  11/21/2008  | 
Bank IT budgets are like an 800-pound gorilla-ya gotta feed 'em no matter what the economy does!
Will the Citi Layoffs Signify an Industry Turning Point?
Commentary  |  11/20/2008  | 
When Citi announced mid-November it would eliminate 20 percent of its workforce, it raised the question of whether the job cuts are truly strategic or a sign of banking industry decline.
First Interstate Bank Deploys Training Simulator.
News  |  11/20/2008  | 
First Interstate Bank deploys AML training simulator.
Best Practices on Data Breaches
News  |  11/20/2008  | 
Banks are unlikely to be the source of a breach, but likely to have to break the bad news.
Caught Between Record Layoffs and Hiring Freezes, IT Execs Face a Buyer's Market
News  |  11/20/2008  | 
With record layoffs focused on the financial sector, IT execs formerly in high demand may find themselves in high supply.
Risk and Customers Key Considerations in Mergers
News  |  11/20/2008  | 
Forced unions, toxic assets and politics all raise the stakes for recent bank mergers. However, some basic M&A principles are as true for today's hastily arranged megamergers as they are for traditional acquisitions.
Banks Need to Keep Relevancy, Openness in Mind for Web 2.0
News  |  11/20/2008  | 
Relevance and openness are keys to making a bank's Web 2.0 initiatives work.
Bank of America Hires Robert de Gidlow for SVP in Liquidity Area
News  |  11/20/2008  | 
De Gidlow fills new position designed to help grow BofA's global liquidity business.
TARP Can’t Stanch Financial Crisis, Experts Say
News  |  11/20/2008  | 
The government's $700 billion bailout program isn't enough to get credit flowing, experts say.
FROM RDS '08: ING Direct's Kuhlmann on Being Different and Saving the Industry
News  |  11/19/2008  | 
When ING Direct's chairman, president and CEO Arkadi Kuhlmann talks, people listen. Kuhlmann was the featured speaker at a morning session at the Retail Delivery show called Innovation Works. The bank chief, who prefers to camp out in the call center than sit in an office, discussed some of the secrets to being unique.
Banks Must Aggregate Risk Management Efforts
News  |  11/19/2008  | 
The global financial crisis speaks to the immediate need for ongoing, firmwide risk management controls at banks.
Delivering a Secure Customer Experience
Delivering a Secure Customer Experience
Bank Systems & Technology Videos  |  11/19/2008  | 
Unisys provides a fully secure financial services supply chain using technologies that support an enterprise-wide, holistic approach to identity management, risk assessment and mitigation, physical security, and business process outsourcing.
VIST Turns to Proofpoint to Update Email Security
News  |  11/19/2008  | 
VIST reduces risk and improves competitive position with Proofpoint's e-mail appliance.
First State Bank Discusses Its M&A Experience
News  |  11/19/2008  | 
The bank's 2004 acquisition wasn't without its bumps in the road, but there will be bumps when both IT and employees face change.
Fighting Fraud With Texts
News  |  11/19/2008  | 
By using SMS to alert customers to possible breaches, banks could enlist consumers in the fight against fraud -- but the industry is far from achieving dynamic information sharing.
IT Recruitment Not a Problem, Independent Community Bankers of America Survey Finds
News  |  11/19/2008  | 
In first time for recruitment questions only 12 precent of over 1,300 respondents rated IT recruitment as an issue.
Fraud Hits Too Close to Home for One BS&T Staffer
News  |  11/19/2008  | 
When a routine inquiry reveals a flagged credit card account, an editor finds herself at the center of her own story.
Protecting Customer Data Is Small Banks’ Top Tech Concern
News  |  11/19/2008  | 
Despite the credit crisis, community banks' spending on security will rise as hackers increasingly target small banks.
BAI Retail Delivery News: HP Sees Infrastructure as Key to Branch Transformation
News  |  11/18/2008  | 
HP launches Banking Innovation Center to show potential impact of emerging technologies.
What Can Banks Learn from the Xerox Turnaround Story?
News  |  11/18/2008  | 
If there ever was a time when a turnaround story would resonate in the banking industry, it's now. So I attended the presentation by Anne M. Mulcahy, chairman and CEO, Xerox Corp., on the opening day of the 2008 BAI Retail Delivery Conference & Expo in Orlando, eager to learn more about how this organization overcame financial, operational and competitive failures to transform itself and regain market dominance.
FROM RDS: Could There Be Hidden Opportunity In Debit Cards Amidst Crisis?
News  |  11/18/2008  | 
Consumers like electronic payments. So was the conclusion of the 2008 Study on Consumer Payment Preferences conducted by BAI Research in conjunction with Hitachi Consulting. Although there weren't too many surprising revelations, I was inclined to believe there is more going on in the debit space than meets the eye.
News  |  11/17/2008  | 
It's Not Only the Economy, Stupid, It's The Maturity!
News  |  11/17/2008  | 
I first became aware of banking technology in 1960. My company (Honeywell EDP) had sold a computer to the First National Bank of Boston (later Fleet Bank and now BofA), and that was a big deal because it was the bank's first semiconductor computer. Vacuum tubes were old technology. The new computer meant everything had to be reinvented-mainly applications software. It would be eight years before the late Ken Kirchman would introduce the novel idea of banking software for sale. So every large ban
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