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News & Commentary
Content posted in April 2009
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Ken Lewis Remains BofA CEO for Now
News  |  4/30/2009
What do the Stress Tests Reveal About Health of the Industry?
News  |  4/28/2009
The release of the government's stress testing methodology last week was the latest effort to diagnose U.S. bank industry ailments and set a course for recovery. We will certainly learn more when the actual results are released in May. Meanwhile it is important to understand what these tests can and can't tell us about the health of the industry.
Where's the Productivity in Bank IT?
News  |  4/28/2009
One thing I liked about Alan Greenspan as Fed Chairman was his commentaries about tech productivity. "Productivity" is not a popular word in the typical banker's lexicon. And yet, Alan always touched on the matter if you listened carefully. Listening carefully to Alan wasn't easy. Even Andrea Mitchell doesn't get it when she asks him simple things like what he wants for breakfast (I saw that on 60 Minutes). Alan is like a mosaic. If you get too close, you can't see the big picture. Far away, it
BITS and Indian Standards Body Commit to Best Practices in Offshoring
News  |  4/27/2009
Vendor risk management will be a key focus for the new BITS, NASSCOM venture.
Swine Flu for the Birds
News  |  4/27/2009
It wasn't too long ago that the world was preoccupied by the threat of avian flu. I would find countless emails in my inbox discussing what financial services firms would need to do in the event of a global pandemic. Contingency plans involving remote working and shoring up banks' communications systems were usually among the top recommendations of the "experts."
US Dataworks Hires Michael Dignen as SVP, Sales and Business Development
News  |  4/27/2009
US Dataworks hires former Metavante executive Michael Dignen as SVP, Sales and Business Development, a newly created position.
Obama Warns Credit Card Issuers on "Sharp Practice"
News  |  4/24/2009
Unfair terms and conditions are worsening consumers' indebtedness, President says in industry meeting.
Financial Services CEOs in the Crosshairs: Are All the Attacks Justified?
News  |  4/23/2009
Edward Liddy, former CEO of Allstate Insurance, came out of retirement to run troubled AIG. Should he be criticized for the company's failings, or praised for an act of public service?
Suicide Suspected in Freddie Mac CFO Death
News  |  4/22/2009
David Kellermann, 41, found dead in a reported suicide.
New CIO Colin Eccles Makes a Power Play at Umpqua
News  |  4/21/2009
Colin Eccles looks to build Umpqua's technology organization into a 100 percent-available IT shop.
Mobile Financial Applications to be Worth $124B by 2014, Study Says.
News  |  4/21/2009
Mobile Banking will be one of eight apps used by 2.2B people worldwide, per Insight Research.
SWIFT Slashing Costs to Adapt to New Economic Reality
News  |  4/21/2009
SWIFT looks to cut costs and strengthen its infrastructure with distributed architecture.
Perspectives: Remote Deposit Capture
News  |  4/21/2009
The consumer market for remote deposit capture is only beginning to be tapped. Who are the target demographic, and will they see its value? Further, what are the challenges and risks banks must overcome to provide consumer RDC services?
Demand up for Anti Skimming Software, NCR Says
News  |  4/20/2009
Blocking unauthorized software stems rising tide of fraud by insiders with special ATM access.
RDC a Natural Extension of Online Banking
News  |  4/20/2009
As technology and connectivity evolve, consumer remote deposit capture is realizing an enormous potential in a significant slice of the market.
Consumer RDC Appeals to Small and Home Offices
News  |  4/20/2009
SOHO business owners prove an ideal target market for consumer remote deposit, but as RDC proliferates so will opportunities for fraud and scrutiny into risk management.
Consumer RDC Is a Win-Win for Banks and Customers
News  |  4/20/2009
Improved image analytics and the ability to use existing scanners have enabled the recent rapid adoption of consumer RDC as customers enjoy its convenience and banks realize new efficiencies.
Customers Welcome RDC's Convenience
News  |  4/20/2009
First Command Bank finds remote deposit capture especially helpful for military families subject to frequent relocation.
Oracle to Buy Sun Microsystems
News  |  4/20/2009
Web 2.0 Widget Banking Takes Online, Mobile Channels to the Next Level
News  |  4/20/2009
Retail financial services institutions are at crossroads. On the one hand, they need to generate business from new and existing customers and on the other, they need to cut costs. Failing at either of these goals could severely impact an institution's ability to survive. So what can financial institutions do? New Web 2.0 widgets just might provide a novel way to succeed at both.
Did You Choose Your Current Bank, Or Did It Happen When You Weren't Looking?
News  |  4/17/2009
I just read a short piece in the Mercury News about a bank customer who "somehow became a customer of all four of the nation's remaining banking giants." It sounded familiar, so I took a look at my financial database and voila, add me to that list. The difference is I know how I got to be a customer of all four of the nation's remaining banking giants.
Knowing Your Outsourcer Just as Important as Knowing Your Customers
News  |  4/17/2009
Banks have always tried to find the best ways to deal with their third party relationships. With the economy the way it is, outsourcing to service providers will likely increase as financial institutions realize just how much they can save by doing so.
Obama Not Impeding Offshoring, TATA says
News  |  4/16/2009
The new Administration was expected to stem the move of U.S. work offshore but overseas suppliers "don't see it".
Herb Allison May Head TARP Program
News  |  4/15/2009
Cisco Steps Into G20 Breach
News  |  4/14/2009
Coordinated global financial regulation by G20 will need new, technology infrastructure, vendor proposes.
Combating Financial Crime
Combating Financial Crime
Bank Systems & Technology Videos  |  4/13/2009
To combat increasingly sophisticated types of financial crime, financial institutions need an enterprise-wide view of areas of vulnerability coupled with effective decision-making to reduce fraud losses and protect their reputations.
Fired Employees Can Still Access Co Systems, Survey Finds
News  |  4/13/2009
Crisis weakness: Cloakware reveals 14 percent of ex-employees can access 'secure' systems.
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