Content posted in January 2007
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Freddie Mac Opens Regional IT Office in Chicago Area
New technology solutions unit a part of growing IT corridor in Schaumburg
Synovus Becomes Direct NACHA Member
Deeper relationship with the ACH association will enable the bank to have a more-direct hand in the future development of the payment method.
TJX Stored Customer Data, Violated Visa Payment Rules
The company held on too long to cardholder data such as card number, expiration date, and the card verification value, according to the creditor's alert.
2007: In Your Dreams
Art Gillis has been telling it like it is in the banking technology industry for 36 years. In this special edition of his online blog for Bank Systems & Technology, Art offers his unique outlook for 2007. Among his forecasts, Art says vendors will be challenged with making technology a lower-cost, more-adaptive resource, and financial institutions will reap the benefits.
HSBC Gets Derivatives Under Control
Bank deploys Yolus credit trading product.
New Products
Source Technologies Redesigns Kiosk; SIA Automates Best Execution for MiFID; Kodak Launches New Check 21 Solutions
Making the Call: Choosing a New Telephone System
Community Bank & Trust deploys IP phone system to improve customer service and cut costs.
Commerce Bank Automates Its Tellers
Commerce Bank brings its teller platform up to speed with help from Getronics.
Show Me the Value
Industry association executives speculate on the top challenges, opportunities and trends facing the banking industry in 2007.
Controlling Your Destiny?
Today, a collection of external forces and drivers are beginning to dominate the agenda in most financial services firms.
A Delicate Balance
The major challenge for tech executives in 2007 will be how to balance the demand for business growth while improving and streamlining operational performance and managing an ever-morphing risk environment.
Consumers Want Better Online Banking Security
Consumers are ready to start using stronger authentication technologies and want their banks and brokerage houses to monitor online transactions for suspicious activity.
Discipline and Growth
The biggest challenge in 2007 will be to cope with the global growth of the banking industry while maintaining cost, risk, capital and regulatory discipline.
Center Launched To Find Scarce SOA Talent
The use of SOAs is growing because they offer a more flexible, robust and cheaper method of application integration than older technologies.
Banks to Explore Channel Optimization
Banking customers increasingly are using ATMs, the Web and other remote-access channels for transactions, but they still rely heavily on in-person visits to the branch and other high-cost delivery channels.
System Experts: Security Management Goes Front Stage in 2007
Regulation and privacy-conscious consumers up the security ante for banks.
The Role of SOA in 2007: Channel Forecast
Service-oriented architecture is helping banks achieve a single view of the customer.
Banks Evaluate the Role of the Risk Manager
Banks evaluate the role of risk management and which technologies — including internally or externally modeled risk metrics and risk analytics — are required to support the risk function.
Aite Group: Wholesale Payments to Become More Electronified in 2007
Checks' dominion in commercial payments will fade as e-payments promise efficiency and information control.
Analyst: Banks Must Make Credit Card Accounts Useless To Data Thieves
Adding one-time password capability to credit and debit cards might prevent incidents similar to the data breach revealed last week by TJX.
2007 Bank Technology Forecast: Challenges and Opportunities
TowerGroup predicts a big year for fraud-detection, security, analytics and SOA technology.
Educated Opinions: 2007 Bank Technology Forecast
We often define ourselves by our adversities. Financial services technology is no different.
Financial Institutions Must Treat Payments Processing as a Business Line to Gain Competitive Differentiation
Banks need to view payments as a business, TowerGroup says.
Executive News
Druskin Moves Up at Citi; LaFue Joins Barclays; Chauvin Takes Risk at TD; Herb Goes to Columbia; FSTC Adds to Board
Big Deals
i-flex, Oracle Deliver Power to People's; Zions Selects Infosys; 1st Source Taps Bharosa; First Horizon Finds FIS; Outsourcing Deal
Wachovia Offers Mobile Banking Product
Wachovia jumps on consumer trend toward wireless devices with mobile banking offering.
2007 Banking Legislative Forecast
Banking legislative reform from a Democratic Congress could increase regulatory and technical burdens for banks.
Less Regulation Is the Key to Maintaining New York City’s and the U.S.’s Roles as Financial Services Capitals, Says a McKinsey Report
Mayor Michael Bloomberg, Governor Eliot Spitzer and Senator Charles Schumer endorse a McKinsey report that says New York City and the U.S. could lose their places as financial services capitals because of regulation.
Check Image Exchange Soars in 2006
NCHA and SVPCO see significant rise in the volumes of digitized checks exchanged last year. Numbers also show a trend toward doing so without the use of substitute checks.
Diversity in Check-Image Archives at Major Bank Web Sites
New Corporate Insight report examines the effect of Check 21 legislation on check image archives and finds surprising disparities.
17696,19789,5601
The new Financial Crime and Intelligence Division aims to fight quickly evolving risk to Great Britain's financial sector.
JPMorgan Chase Acquires Assets of Healthcare Remittance Provider
Purchase of FisaCure will enable the bank to offer broader array of services to the healthcare industry and encourage adoption of electronic payments.
Art Buchwald, thanks for the boost
By Art Gillis
June 14, 1983 - Art Buchwald sent me a letter saying he enjoyed my piece very much and I should send it to Personal Computing, Popular Computing, Info World and Byte for publication. I sent the article to Art Buchwald because after I had written it, I read it and it sounded like something he would have written. So I wanted to clear it with him first. Looking back at my records, it turns out I didn't take his advice because I was in banking, and generic publications didn't int
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Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.
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