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Bank Technology News January 2006 |
Better Info Security Driven By Regulatory Compliance If information security is to become a strategic priority, then banks can start by reviewing existing practices -- their own and that of those companies with which they do business. |
Bank Systems & Technology August 3, 2005 Peggy Bresnick Kendler |
Core Systems To Improve To improve customer service, product development, regulatory compliance and fraud prevention, banks must transform their core systems to enable more agile business processes. |
Bank Systems & Technology January 6, 2009 Eric Bozich |
2009 Bank Tech Forecast: Invest in the Network to Drive Growth Considering the unprecedented challenges that hit the financial industry this year, it's more important than ever for firms to set the right 2009 IT priorities that can positively impact business goals and results. |
Bank Systems & Technology February 21, 2008 Jim Eckenrode |
Exclusive TowerGroup Research Report: Bank Tech Spending in 2008 In light of the current market turmoil, North American banks appear to be approaching technology planning and budgeting for 2008 with caution. |
Bank Systems & Technology February 1, 2007 Anthony O'Donnell |
Educated Opinions: 2007 Bank Technology Forecast Industry experts give their forecasts for bank technology in 2007. |
Wall Street & Technology March 18, 2008 Cory Levine |
Lack of Standardization in Data, Reporting to Hinder Basel II Compliance Lack of standardization in the reporting process will be a major hurdle for financial institutions in complying with Basel II requirements. |
Bank Technology News May 2007 |
The Six Regulatory Areas That Are Altering Bank Life Regulation is a part of bank life. Failure to comply shouldn't be. |
Bank Technology News April 2009 Rebecca Sausner |
Compliance, IAM Top Security Plans Security regulatory compliance and identity and access management were the top two security initiatives in financial services in 2008, just as they were the year before. |
Bank Systems & Technology February 1, 2007 Mark Sievewright |
Enabling Efficient Business Growth Three strategic themes will dominate the banking industry's 2007 IT agenda with the goal of enabling efficient business growth: leverage, integration and customer focus. |
Wall Street & Technology February 14, 2006 |
Little Confidence In Online Banking The United Kingdom's Financial Services Authority (FSA) has characterized consumer confidence in online banking as "fragile." To combat the trend, the regulatory body is encouraging banks to devote greater effort to fighting online banking fraud. |
Bank Technology News August 2006 Glen Fest |
Multi-Factor Authentication: Two-Factor Timing Twists Up Bankers The FFIEC's guidelines for adopting multi-factor authentication includes a hard deadline with apparently soft parameters. But will haste end up producing waste? |
Bank Systems & Technology April 28, 2008 Paul L. Lee |
Integrating Systems Essential to AML and SAR Compliance To follow regulators' requirements, banks must leverage and coordinate compliance, risk management and IT department efforts. |
Bank Systems & Technology March 27, 2008 Mike McDonough |
Centralized and Single-Platform Operations Reduce Overall Trade Finance Risk Banks with centralized operations and banks with all of their operations on a single platform will have a distinct advantage because there is lower operational risk generally associated with these structures. |
Bank Systems & Technology April 28, 2008 Robert Binney |
Shrewd Leveraging of Technology and Staff Key to Achieving Cost-Effective AML Compliance It is critically important for banks to use effective technology, streamline their investigations processes, automate workflows and enhance staff training. |
Bank Systems & Technology January 5, 2009 Jonathan Gossels |
Banks Must be Mindful of Security When Cutting Costs Forget security initiatives - for most bank IT organizations, the focus is survival. |
Bank Technology News May 1, 2008 Michael Grebb |
The War to Keep Compliance Talent Financial institutions wade through an ever-deepening regulatory swamp, and therefore an escalating war for compliance talent. |
Bank Systems & Technology May 5, 2007 Maria Bruno-Britz |
Fraud Techniques Evolve in Parallel with Bank Products and Defenses As fraudsters' techniques evolve alongside the products and services offered by financial institutions, new steps must be introduced to stop them. |
Bank Technology News December 2007 |
Scoring Banks' Compliance With FFIEC Guidelines Compliance with FFIEC guidelines brought out the worst in many bankers. So how did banks do in terms of compliance? |
Bank Technology News August 2007 Janey Place |
Mobile Banking Needs A Leader The mobile channel can invigorate products, appeal to a new demographic, lower costs and improve customer service. But, it is another in a long list of channels that banks must build and support. |
Bank Systems & Technology December 19, 2007 Nancy Feig |
Major Canadian Banks Become Basel II Compliant IT vendors that helped major Canadian banks achieve Basal II compliance are passing on their knowledge to smaller Canadian and US banks. |
Bank Systems & Technology February 22, 2007 Maria Bruno-Britz |
Spillenkothen Joins Deloitte's Banking Regulatory Practice The former Fed regulator hopes to help banks gain an enterprise-wide view of compliance in his new role. |
Insurance & Technology November 12, 2007 Mark La Penta |
Metlife Bank CTO Mark La Penta Talks About Holistic Risk Management Given the recent disruption in mortgage markets and continued vigilance in channel access, the integration of technologies and process around overall risk management will be a key priority in 2008. |
Bank Systems & Technology September 28, 2007 Maria Bruno-Britz |
Transaction Processing Not Enough to Succeed In Commercial Banking Banks will need to move away from the transaction processing model to become the advisers of choice for their corporates. |
Bank Systems & Technology February 29, 2008 Peggy Bresnick Kendler |
Health Savings Accounts Present Huge Opportunity to Banks Several bankers discuss the benefits to banks of providing health savings accounts to customers. |
Bank Technology News May 1, 2008 Michael Sisk |
Governance, Risk and Compliance Budgets March Higher A recent survey finds that governance, risk management and compliance budgets at financial institutions will rise an average of 10.3 percent this year. |
Bank Systems & Technology August 30, 2005 Phil Britt |
Comprehensive Controls The better control a bank has on its risk exposure, the better its opportunity for profitability. Still, many financial institutions continue to struggle to establish enterprisewide risk management controls that provide a true picture of risk across the organization. |
Bank Systems & Technology May 24, 2007 Maria Bruno-Britz |
Banks Using Security to Increase Customer Trust and Their Bottom Lines Banks realize that information security can increase client loyalty and lower costs. |
Bank Systems & Technology October 1, 2007 Peggy Bresnick Kendler |
Banks Are the First Line of Defense Against Money Laundering Databases and modeling tools are among the systems helping banks analyze the data required to understand customers, monitor millions of transactions and identify suspicious behavior. |
Bank Technology News June 2007 Glen Fest |
The New BITS President Discusses Group's Agenda With a new risk industry veteran at the helm, the bank industry technology group shows signs of a stronger focus on security issues, while continuing established programs. |
Bank Systems & Technology February 22, 2007 Nancy Feig |
A Happy Marriage: Finding the Right Technology Mate for Compliance Programs Banks are turning to GRC software platforms to maximize compliance technology's effectiveness and gain greater return on investment. |
Insurance & Technology February 8, 2004 Anthony O'Donnell |
2004 Business Technology Forecast What are the critical trends and issues that will confront insurance technology executives and their organizations in the coming year? |
Bank Systems & Technology January 6, 2009 Katherine Burger |
Bank Technology Outlook 2009: Risky Business Topics and trends that will set the tone for banking technology decision makers in 2009, with risk management and regulation compliance looming large. |
Bank Technology News April 2006 Michael Sisk |
Compliance: The New Rule Book Is Still Like A Maze There are so many new regulations that banks are having difficulty organizing their corporate structure to ensure these new rules are being adequately followed. |
Bank Systems & Technology February 1, 2007 Nancy Feig |
Financial Institutions Must Treat Payments Processing as a Business Line to Gain Competitive Differentiation As competition in the payments space continues to heat up, more and more banks will take an enterprise-wide view of the payments business and corresponding technology. |
Wall Street & Technology June 13, 2007 Melanie Rodier |
Are Banks Meeting the Cash Management Needs of Middle Market Businesses? Data shows midmarket companies want their banks to provide cash concentration, positive pay and foreign exchange capabilities online. But currently only the biggest banks tend to offer these services. |
U.S. Banker May 2007 Lee Conrad |
Community Banks Struggle To Know 'Indirect' Clients Indirect channels to customers, particularly check-cashing services, reduce a bank's control of the customer and exposes it to potential money laundering. New products are stepping in to help. |
Bank Technology News October 2008 Kyle Duckers |
Strategic GRC Yields Clear Payback Can a financial institution's governance, risk and compliance effort be a strategic tool, or is it simply a cost of doing business? Can best practices actually improve shareholder value? These are important questions that some financial services executives continue to ponder. |
Bank Systems & Technology March 29, 2006 Maria Bruno-Britz |
Sticking With the Tried and True The days when large U.S. banks could sustain their old core systems on the IT version of life support are numbered, according to TowerGroup. |
Bank Systems & Technology February 1, 2007 Art Gillis |
2007: In Your Dreams This author has been telling it like it is in the banking technology industry for 36 years. Here, he offers his unique outlook for 2007. |
Bank Systems & Technology November 24, 2007 Bruno-Britz et al. |
Financial Institutions to Increase Spending Modestly On IT In 2008 Amidst the doom and gloom of the credit crunch, a down housing market and talk of an impending recession, financial institutions still see the need for investing in technology to stay competitive and compliant. |
Bank Systems & Technology January 8, 2009 Jeanne Capachin |
Institutions With Capital May Find Vendors in the Mood to Deal For institutions that remain well-capitalized, the best advice is to move full steam ahead. If the need is real and solutions are available, this will be the best time to move ahead with a strategic investment. |
Bank Systems & Technology November 11, 2007 Peggy Bresnick Kendler |
Online Account Opening Provides Myriad Benefits to Retail Banks From processing efficiencies to high customer satisfaction and competitive differentiation, online account opening can help banks improve customer acquisition and profitability. But it needs to be done right. |
Bank Systems & Technology February 1, 2007 Jim Eckenrode |
2007 Bank Technology Forecast: Challenges and Opportunities Some of the more critical and far-reaching priorities bank technology and business leaders will need to address in 2007: fraud detection, security, analytics, and SOA technology. |
Bank Systems & Technology January 1, 2007 Maria Bruno-Britz |
Study: Banks Need New Ways to Gauge Customer Payment Preferences A recent study shows behavior models can help financial institutions understand clients better and can improve their competitive position in the payments business.. |
Bank Systems & Technology November 1, 2006 Katherine Burger |
Debate Down Under The most-significant challenges facing the banking industry are the following: Consolidation of payments infrastructures; how banks [can] create new payments products; margin compression; and the threat of new entrants, which is driving innovation. |
U.S. Banker October 2007 Lee Conrad |
Privacy Push: Banks Chafe Against Move To Block Use of SS Numbers Two major federal efforts to curb the widespread use of Social Security numbers are putting banks-the largest private-sector users of those nine sensitive numbers-on defense. |
Bank Systems & Technology June 14, 2010 Matt Gunn |
FIS to Acquire Compliance Coach Banking and payment technology provider FIS announced Monday it will acquire Compliance Coach, Inc., a company that provides risk assessment software, e-learning and additional tools to enable compliance with applicable laws and regulations. |
Wall Street & Technology November 27, 2007 Crosman et al. |
2008 IT Budgets Up More Than 10% for Financial Services Firms Results of a comprehensive survey of top executives at Wall Street firms, banks and insurance companies found their IT budgets for next year are more than 10% higher than 2007. |
Bank Systems & Technology June 1, 2004 Lisa Smith |
Regaining a Positive Attitude Bankers are feeling better about the economy and their business prospects - and that's translating into renewed IT activity and spending. |
Bank Systems & Technology February 29, 2008 Deena Amato McCoy |
U.K.'s FSA Considering Tougher Bank Regulation U.K. regulators are weighing changes that could require banks to deploy reporting technologies that will keep regulators abreast of problems in a more timely manner. |