News & Commentary
Content posted in February 2009
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One Bank Saves $23.5m by Better Managing Remote IT Facilities
News  |  2/27/2009  | 
News from Global Services Conference on best practices in offshoring.
Millions Walk From Irish Bank Amid Shoddy Security
News  |  2/27/2009  | 
One Bank of Ireland employee under duress procures about $9m for crime gang.
Keys to M&A Success: Rigorous Planning and Execution
News  |  2/27/2009  | 
By Terry Moore, Accenture In light of ongoing economic pressure and the magnitude of non-performing assets in the system, the banking industry's current wave of consolidation is likely to continue and even accelerate in the later part of this year. Several factors will drive this: • Well-capitalized banks capturing relatively inexpensive deposits, coupled with government protection from bad assets. • More banks placed into receivership and sold by the FDIC. • Strate
Carver Names Mark Ricca to Newly Created Chief Risk Officer Position
News  |  2/26/2009  | 
Carver names Mark Ricca to newly created Chief Risk Officer position, and Thomas Sperzel to SVP/Controller; both appointments address enterprise risk management requirements.
J.P. Morgan Chase to Cut 12,000 Jobs, as WaMu Merged
News  |  2/26/2009  | 
Chase CEO Jamie Dimon foresees $2 billion saved and a profitable 2009.
Time for ID Theft Victim’s Bill of Rights, Industry Group says.
News  |  2/24/2009  | 
Crisis is making a bad problem worse, says The Santa Fe Vendor Council.
News from BAI Transpay 2009: Panini Launches New Small Business RDC Check Scanner
News  |  2/24/2009  | 
News from BAI Transpay 2009: Panini launches new small business RDC check scanner; capabilities include dual-sided image capture and advanced reading technologies.
News from BAI TransPay 2009: SunTrust Implements Orbograph Sereno
News  |  2/24/2009  | 
News from BAI TransPay 2009: SunTrust implements Orbograph Sereno image-based fraud detection solution to further reduce check fraud losses.
Mobile Microfinance: Its Time Has Come
News  |  2/24/2009  | 
By Fritz Nelson, Techweb TV Very few of us get to see our daily drudgery contribute to something politically, environmentally or sociologically charged, to a cause with greater implications than the outcome of driving the machinery of Brand X or Company Y; sleepless nights re-imagining business processes, building customer portals, re-negotiating a key vendor contract, all for company, livelihood, or a write-up in HR's internal newsletter. So when opportunities arise to serve that grea
A Good Bank Tech System Is About More Than the Core Apps
News  |  2/23/2009  | 
Regardless of which measure you choose, core apps (deposits, loans, financials and customer database) represent more than any other piece of the tech pie, which consists of 132 slices in all. Core represents more cost, more usage, more transactions processed, more hardware, more workstation inquiries invoked, more mobile phones engaged, more departments of the bank served, more customers, more chances for error, more regulatory feeds, more bank (or vendor) IT people to support core, more bank bo
NY Times Calls for Banks Such as Citi, BofA to Be Nationalized
News  |  2/23/2009  | 
Nationalization is the only way to truly gauge banks' bad debts, says 'the paper of record.'
The Ultimate CIO
News  |  2/23/2009  | 
Coping With the 2009 Regulatory Challenges
News  |  2/23/2009  | 
By Ralph Baxter, ClusterSeven As the financial industry enters an extremely uncertain 2009, banks are faced with a variety of challenges and there are a lot of questions as to how they will cope. These challenges revolve around the uncertain regulatory climate and the fact that there is an increasing demand for enhancing compliance and risk management capabilities during a time of decreased revenues. How will most banks react?
Fiserv Launches New Brand Identity
News  |  2/23/2009  | 
Fiserv launches new brand identity; president/CEO Yabuki says vendor's scale "uniquely positions us to lead the development of next-generation solutions that will transform the way financial services are delivered."
Answering to a New Set of Shareholders: Centralized Tech Planning Key to Managing TARP
News  |  2/20/2009  | 
By Erik Garr and Rachel Parker, Diamond Management & Technology Consultants When the Federal Deposit Insurance Corp. recently asked the banks it regulates to provide information on how they are using billions of dollars in government aid to help struggling homeowners avoid foreclosure, it underscored the critical role technology will play in transparency issues and reporting. After the difficulties many institutions experienced with the Sarbanes-Oxley Act (SOX) earlier in the decade, a
Crisis Shouldn’t Stop Banks From Readying for Red Flags
News  |  2/19/2009  | 
Financial services companies' efforts to comply with 'red flag' rules should not be hindered by the economy.
Vidoop Authentication Solution Addresses Top Online Security Threat
News  |  2/19/2009  | 
Bank customers log in using a combination of image recognition and PINs instead of the traditional user name and password.
BMO Looks Beyond Basel II With Reveleus
News  |  2/19/2009  | 
Seeking a simple, cost-effective solution for its Basel II compliance needs, Bank of Montreal also has been able to leverage Reveleus for other risk management initiatives.
ERM Push Among Banks Intensifies
News  |  2/19/2009  | 
In an industry reeling from the financial crisis, enterprise risk management finally is finding a more willing audience among banks. But achieving ERM requires both a mastery of data and a cultural commitment.
Smart Tech Decisions Can Optimize AML Performance
News  |  2/19/2009  | 
Banks that integrate the technology components of their AML programs stand to gain considerable return on investment, according to John Sabatini, Principal, and Erin McAvoy, Senior Manager, Financial Services Office, Ernst & Young.
World Bank's CGAP: Drive Mobile Microfinance
World Bank's CGAP: Drive Mobile Microfinance
Bank Systems & Technology Videos  |  2/19/2009  | 
CGAP is the global microfinance center for The World Bank, and is co-funded by the Bill & Melinda Gates Foundation. We talked to microfinance analyst, Mark Pickens, about CGAP, its research, and how the world of microfinance should progress.
Measuring Green's Benefits to the Business
News  |  2/18/2009  | 
Green initiatives offer returns and cost savings in both the short term and the long term.Green initiatives offer returns and cost savings in both the short term and the long term.
Reduce Costs and Improve Performance With Green Banking
News  |  2/18/2009  | 
Green initiatives offer improvements in operations, technology and client acceptance.
Improved Risk Management Through Green Tech
News  |  2/18/2009  | 
Environmentally friendly tech enables better management of business continuity, reputational and regulatory risk.
Perspectives: Green IT
News  |  2/18/2009  | 
Especially in turbulent economic times, "green" initiatives can be a boon to the business.
Three Ways Green IT Is Good for the Business
News  |  2/18/2009  | 
Reducing costs, growing the business and helping the environment make green initiatives a triple play for the business.
Throw Investment Bankers a Bonus? Troubled Assets.
News  |  2/18/2009  | 
The markets may not have been too impressed with Treasury Secretary Geithner's plan to deal with banks bad loans, but the audience at a recent Columbia University discussion BS&T attended on the economy loved
What’s Happening in the Banking Industry May Not Be Fair, But It’s Reality
Commentary  |  2/18/2009  | 
The fallout from the global credit crisis is causing many bankers to complain they're being unfairly criticized, but the reality is that the industry has a long way to go to regain the public's trust.
Deutsche Bank Taps George Lee to Boost Service
News  |  2/18/2009  | 
Former Citi executive George Lee will serve as director and head of implementation and service for Deutsche's Global Transaction Banking unit in North America.
CSC Launches ComplyID to Help in Red Flag Compliance
News  |  2/18/2009  | 
CSC launches ComplyID to help in Red Flag compliance; Web-based solution provides automatic detection, resolution of potential ID fraud attempts.
Security Management: An Ongoing Challenge for Banks
News  |  2/17/2009  | 
Effective security management requires a layering of multiple solutions focusing on people, process, technology and risk.
Sovereign Bank Automates Imaging With Adlib Solution
News  |  2/17/2009  | 
Adlib's document imaging solution quickly proves to be a transformative technology.
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