Mergers and acquisitions are a fact of life in the financial services industry. If experts are correct, they will only pick up in pace in the coming months. One of the most recent mergers of note in the banking world involves that of The Bank of New York and Mellon Financial to form The Bank of New York Mellon. Mergers are never easy. And when it involves two financial institutions with over 100 years of experience each, integration becomes even more of a potential nightmare.
Should banks and others bother to continue playing catch up with cyber criminals and their constantly evolving techniques? This was the question FBI special agent Timothy O'Brien set out to answer during his session titled Is Online Security a Lost Cause? O'Brien is with the Bureau's computer crimes squad and tracks criminals' activities on the Web.
"Sixteen years ago, if you asked me if I was going to be dealing with the kinds of things I'm dealing with today, I would have said no," said Dick Harp, SVP and director corporate security for Huntington National Bank.
As a consultant, I have worked for 4% of all small banks, 5% of all medium size banks and 14% of the 111 large banks in the U.S. My consulting practice includes 16 services. The second most popular one is an analysis of a bank's IT expense. A significant part of every project for all banks has been performed in the departments that the CFO covers - all functions having to do with accounting.
I noticed a recent editor's note from a colleague who works at one of BS&T's sister publications, InformationWeek, where he cites an article from yet another online publication, Slate. In my colleague's editorial, he poses a question to readers about whether they were impressed when they rec
By Maria Bruno-Britz, Bank Systems & Technology
Is it just me or are wallets shrinking? I mean literally, not figuratively.
I don't know what the situation is with men's wallets, but I went on a foray recently to purchase a new wallet for myself. I must have tried 10 different wallets and each was just as mis-sized as the other. They were all leather of varying degrees of quality. However, I found the problem plagued wallets across the price spectrum.