Banks Are Spending More On IT, But Vendors Are Not Getting It All
If banks are satisfied with their technology and there's nothing new to buy, why are they spending more? I believe the answer lies in a shift from buying products to paying internal costs to move technology onward and upward. And that's something vendors haven't figured out yet.
Preparing for Tough Combat
New competition and security risks pose challenges for banks. But Executive Summit attendees learned how to fight these battles.
E-Banking Message More Universal Than One Would Think
Well, it looks like toy maker Hasbro got the memo about moving to electronic payments. The company now offers an electronic banking version of the classic board game Monopoly. I saw a commercial for the souped up game only recently and couldn't resist writing about it.
Consumer Behavior and ATM Surcharge Spikes
It happened with gasoline, it happens all the time with your cable bill and now it's happening (again) with ATM surcharges. Several major banks recently announced plans to increase the fees they charge non-customers when using their ATMs. So what's next?
Signs Of Entrepreneurship Are Appearing In The Bank Tech World
Fifteen to twenty years ago, it would have been quite ordinary to observe the large number of start-up companies based on a single-product offering under the broad heading of bank tech systems. Major events fed that creativity, including the availability of PCs, document imaging, Internet banking, check clearing legislation, telecom speeds and powerful database management systems. In recent years, however, the scene switched to a different kind of world - that of consolidation. Big companies got
Control and Cooperation the Messages at Sibos 2007
Another Sibos has come and gone and with it, we hope, many lessons were learned. What I saw as the most prominent message at the show was the fact that corporates the world over want more control, more say over how their payments are processed and how they interact with their banks.