Pride And Prejudice And Core Systems
The course to a successful core systems modernization effort does not always run smooth. But this may have more to do with culture and communications than with technology.
Patient Cypriots Wait as Banks Reopen
Cypriots queued at banks as
they reopened on Thursday under tight controls imposed on
transactions, but there was no sign of a run on deposits that
had been feared after the government was forced to accept a
stringent EU rescue package.
CFPB Makes Complaint Data Public
The database contains some 90,000 searchable complaints on mortgages, student loans, bank accounts and services, other consumer loans, and credit cards.
Canada's Top Six Banks to Get Capital Surcharge as of 2016
Canada's banking watchdog said
on Tuesday it sees the country's six largest banks as being of
systemic importance to the domestic economy and that it will
make them keep 1 percent more capital on hand starting January
2016 to protect them from financial disruption.
The End of Indian IT Staffing as We Know It
outsourcers are promoting "mini CEOs" capable of running
businesses on their own, while trimming down on the hordes of
entry-level computer coders they normally hire as they try to
squeeze more profits out of their staff.
The Cyber Stick-Up – Making Sure Your Endpoints are Protected
Today’s cybercriminals are much more effective than the masked robber holding up a teller; they’re very good at finding and exploiting an organization’s weakness and often even better at being able to get in and out of a computer network before an organization even knows what hit them.
The Next Generation of Video in Banking
Banks are using video in innovative ways that include both employee-facing and customer-facing applications. Experts discuss how video banking is evolving.
Adaptation is Key for Banks to Succeed
A report from Equifax says that banks need to change how they define themselves internally and externally and adapt their mindset, operations, products and services to better meet customers’ evolving wants and needs.
How Banks Can Compete In the Mobile Shopping Market
By combining targeted coupon offers based on transactional data with a layered shopping experience that includes social media and gaming, banks can win big with mobile shopping apps, and position themselves for mobile wallet adoption.
FIS Looks Forward On Mobile
The financial technology provider's recent acquisition of mobile banking and payment solutions company mFoundry is part of a larger, long-term mobile strategy.
Cyprus Tries to Rework Divisive Bank Tax
Cypriot ministers rushed on
Monday to revise a plan to seize money from bank deposits as
part of an EU bailout, in an effort to ensure lawmakers
supported it in a vote later in the day.
JPMorgan Ignored Risks, Fought Regulators: Senate Report
JPMorgan Chase & Co
ignored risks, misled investors, fought with regulators and
tried to work around rules as it dealt with mushrooming losses
in a derivatives portfolio, a Senate report alleged in a damning
review of the largest U.S. bank's management.
Fed tells JPMorgan, Goldman to Improve Capital Plans
In a blow to two major Wall Street
banks, the Federal Reserve told Goldman Sachs and
JPMorgan Chase that they must fix flaws in how they
determine capital payouts to shareholders, but still approved
their plans for share buybacks and dividends.
The Fed said JPMorgan and Goldman would have to submit new
plans by the end of the third quarter. A senior central bank
official declined to identify specific problems.
In the second phase of the Fed's annual stress tests of the
18 largest U.S.
As Cyber Threats Build Against U.S., CEOs Ask For 'Light Touch'
Corporate leaders from the
defense, technology, energy and banking industries told
President Barack Obama on Wednesday they agreed cyber attacks
were a top security threat but that they were looking for a
"light touch" from the government in response to the risk.
UBS Chief Executive Paid $9 Million After Revamp
UBS drew fire
on Thursday as it announced it paid CEO Sergio Ermotti almost $9
million in 2012 and welcomed a new investment bank chief with a
$26 million package, just as the Swiss bank is in the process of
firing 10,000 staff.
The Mobile Wallets Race: Placing Multiple Bets
Experts at BAI Payments Connect agree that several wallets will emerge successful from the mobile wallets race, and banks need to make multiple partnerships to stay ahead of the market.
Britain Urged to Split Banks if New Rules Fail
Britain should adopt
legislation that could force all banks to split routine retail
operations from riskier investment activities if new rules
designed to protect taxpayers fail, an influential panel of