BITS and Indian Standards Body Commit to Best Practices in Offshoring
4/27/2009Vendor risk management will be a key focus for the new BITS, NASSCOM venture.
Profile of Orla O'Sullivan
Blog Posts: 169
Articles by Orla O'Sullivan
Vendor risk management will be a key focus for the new BITS, NASSCOM venture.
Obama Warns Credit Card Issuers on "Sharp Practice"
4/24/2009Unfair terms and conditions are worsening consumers' indebtedness, President says in industry meeting.
Suicide Suspected in Freddie Mac CFO Death
4/22/2009David Kellermann, 41, found dead in a reported suicide.
Mobile Financial Applications to be Worth $124B by 2014, Study Says.
4/21/2009Mobile Banking will be one of eight apps used by 2.2B people worldwide, per Insight Research.
Demand up for Anti Skimming Software, NCR Says
4/20/2009Blocking unauthorized software stems rising tide of fraud by insiders with special ATM access.
Obama Not Impeding Offshoring, TATA says
4/16/2009The new Administration was expected to stem the move of U.S. work offshore but overseas suppliers "don't see it".
Cisco Steps Into G20 Breach
4/14/2009Coordinated global financial regulation by G20 will need new, technology infrastructure, vendor proposes.
Fired Employees Can Still Access Co Systems, Survey Finds
4/13/2009Crisis weakness: Cloakware reveals 14 percent of ex-employees can access 'secure' systems.
Wells: A Model in M&As, Wachovia Deal Suggests
4/9/2009It's interesting to see how right Wells Fargo seems to have gotten it, in its dramatic acquisition of Wachovia Corp.-based on today's surprise, record quarterly profit projection. Thanks to Wachovia, Wells said it expects to report a $3 billion profit for the quarter ended March 31.
Record Q.1 Profit at Wells Fargo
4/9/2009CRM Helps De Novo Profit Amid Crisis
4/8/2009During the credit crunch, First Foundation Bank opens with excess capital, thanks to mining its best prospects.
What Makes a Billionaire? Forbes Answers
4/7/2009A college dropout, with geeky parents, who's born in Sept., is most likely to succeed.
Study Shows Promise of Prepaid Cards for Underbanked
4/6/2009Consumers' first accounts of use very favorable, in CFSI, NBPCA survey.
Forget Fixing Bad Banks; Go Direct: Marc Andreessen
4/3/2009Marc Andreessen was all of 27 when he sold his first start-up for more than $1 billion, Netscape. Having sold another start-up for more than $1 billion, and presciently backed others' winners, such as Digg and Facebook, Andreessen is someone people tend to listen to.
Internet Banks Poised to Prosper Amid Crisis
4/3/2009As consumers seek the best rates and banks look to cut costs, direct banks will enjoy a surge in deposits, TowerGroup predicts.
Start-Up Bank Turns Money Away
4/3/2009First Foundation Bank tells BS&T that, despite the crisis, it rejected "excess" funding at opening.
I Bankers on Fast Track—to Teaching
4/3/2009Both the UK and US try to find new homes for investment bankers and others who have lost finance jobs.
G20 Protesters Storm Main RBS Bank
4/1/2009Better global regulation of financial services expected to be focus of economic forum.
Not All "Banksters," Huntington Exec Shows
3/30/2009In banking's darkest hour bankers on the far side of The Pond have collectively been tarnished with the derisory term "bankster."
The Latest Offshoring Destination? The Seychelles
3/27/2009The tiny nation, bankrupted by the crisis, is turning from tourism to tech possibilities.
Nokia Stakes Claim on Obopay
3/27/2009Cell phone giant invests in P-to-P provider, as banks, telcos rush to own mobile payments.
Geither Calls for "New Rules" with Insurers, Hedge Funds to be Regulated
3/26/2009Critics question government's 'power grab,' as Treasury Secretary says far more regulation needed.
Resignation by Op-Ed; AIG Bonus Recipient Bows Out
3/25/2009It's kind of like "J'Accuse" in reverse. Instead of a writer using a newspaper to challenge the Establishment, as émile Zola famously did in Paris in 1898, we have today a bonus recipient from AIG using The New York Times' Op-Ed column to publicly resign and as a forum to criticize AIG's CEO, Edward Liddy, and the bonus payments generally as "distasteful."
Huntington Punches Above Its Weight Online
3/25/2009Huntington Bancshares site ranked sixth in Keynote Systems latest Banker Scorecard.
Don't Sweat Small Bonuses, Citizens Told. Small or Symptomatic?
3/24/2009Some recent commentators have reminded those now frothing over bonus payments that the bonuses paid are small in the scheme of things. Today, WNYC radio host Brian Lehrer noted that "no fewer than four"
LBBW Universally Deploys Vasco Tokens for Online Log-Ins
3/23/2009German giant picks DIGIPASS tokens over password lists, or TANs.
Irish Bank Tech Vendors Report Rising Revenues
3/23/2009Ireland's financial technology providers sell almost exclusively outside of the country, which is facing a more intense financial crisis than most of the E.U.
Lippert Leaves Citi Eight Months Into CIO Job; Little Surprise Expressed
3/23/2009Wunderkind Marty Lippert is gone from Citi "for personal reasons," according to a Citi memo announcing the immediate departure of the ailing bank's CIO. The memo, reprinted a few days ago on the Website of CIO magazine, was not the subject of an official press release.
A Bonus of Contention to be Taxed at 90 Percent
3/19/2009The House reacted Thursday to corporate culture that continues to act as if this crisis never occurred by voting decisively to slap 90 percent tax on bonuses received by executives of companies bailed out by the taxpayer.
State Bank of Hamburg Picks Goldleaf’s Net.Check for Imaging
3/19/2009Centenarian community bank says imaging is part of "radical" IT overhaul.
AIG Uproar Sees Spitzer Weigh In
3/18/2009AIG's $200b bailout should go neither to banks, nor bonuses, says former NY governor.
When Irish Eyes Are Not Smiling; A Subdued St. Paddy's Day
3/17/2009The banking crisis in Ireland, the subject of BS&T's lead story right now, is being heavily featured on public radio this St. Patrick's Day, when Irish eyes aren't smiling so much.
Equifax Takes Income Verification for Borrowers Further
3/16/2009In a time of defaults, lenders welcome confirmation of debtors' income from the IRS, credit reporting bureau Equifax says.
Irish Banks Reeling From Bursting of Property Bubble
3/14/2009Ireland's property bubble has burst, sending its banking industry — and economy — into a downward spiral. But bank consolidation and automation efforts may help the small island's financial technology sector regain its roar.
Norkom Signs Financial Market Leaders in Britain, Korea.
3/12/2009Co-op CFS and Woori Bank use Norkom Technologies' software to tackle fraud, money laundering.
Optimism of Citi, the Markets, Not Universally Shared
3/11/2009Bank Upheaval Tarnishes Ireland’s Glow
3/9/2009Ireland struggles to hold on to the multinational banks and IT firms that have long buoyed its economy.
A Record 12 Percent of Mortgage Holders in Arrears
3/5/2009Mortgage Bankers Association stats show 3.3 percent of those were in foreclosure at the end of 2008.
Santander Starts Global Student Card Roll-Out
3/4/2009A Spanish university is for new EMV chip-cards, for ID, access and payments.
UBS Silent on Secret Accounts, But New Yorkers Vocal
3/3/2009An executive from UBS AG who addressed a conference on the risks of long-distance business partners declined to answer whether recent revelations of Americans tax-shielded UBS accounts would make U.S. firms reticent to deal with the Swiss bank.
Amid Scandal, Ireland Moves to New Bank Regulation
3/3/2009Amid Scandal, Ireland Moves to New Bank Regulation
3/2/2009Irish Leader Brian Cowen unveils Canadian style model with non-Irish oversight.
One Bank Saves $23.5m by Better Managing Remote IT Facilities
2/27/2009News from Global Services Conference on best practices in offshoring.
Millions Walk From Irish Bank Amid Shoddy Security
2/27/2009One Bank of Ireland employee under duress procures about $9m for crime gang.
J.P. Morgan Chase to Cut 12,000 Jobs, as WaMu Merged
2/26/2009Chase CEO Jamie Dimon foresees $2 billion saved and a profitable 2009.
Time for ID Theft Victim’s Bill of Rights, Industry Group says.
2/24/2009Crisis is making a bad problem worse, says The Santa Fe Vendor Council.
NY Times Calls for Banks Such as Citi, BofA to Be Nationalized
2/23/2009Nationalization is the only way to truly gauge banks' bad debts, says 'the paper of record.'
Australian Banks Respond to Fires, But Systems Safe
2/19/2009Vidoop Authentication Solution Addresses Top Online Security Threat
2/19/2009Bank customers log in using a combination of image recognition and PINs instead of the traditional user name and password.
Throw Investment Bankers a Bonus? Troubled Assets.
2/18/2009The markets may not have been too impressed with Treasury Secretary Geithner's plan to deal with banks bad loans, but the audience at a recent Columbia University discussion BS&T attended on the economy loved
Virgin Money Debuts as Mortgage Lender in the U.S.
2/13/2009Prepaid Debit Cards Threaten Checking Accounts: New Research
2/11/2009Bankers’ Future Pay To Change, EU Vows
2/11/2009Quasi-Gov Fund to Buy Bad Loans; Up to $1T For Lending in Geithner’s plan
2/10/2009Huntington Bancshares CEO Stephen Steinour Eyes IT Efficiency
2/10/2009Geithner Has Four Choices for Banks Tomorrow, WSJ Editor says.
2/9/2009Others Take Bank Turf, But Banks Aren't Finding New Markets: Observations From Wincor World
2/9/2009I was struck by the sense that everyone at Wincor World was finding new lines of business, but not the banks, particularly the U.S. banks (and maybe the 100 journalists! who, along with 7,000 business representatives attended the seventh , annual user conference of Wincor Nixdorf, in Paderborn, Germany, in late January).
Deutsche Reports First Annual Loss in Decades
2/6/2009Santander Selects Wincor Nixdorf for its ATMs
2/4/2009SEPA Kicks Off in EU—With Unintended Fraud Risk
1/29/2009Fraud-Free Finland Eyes Horizon
1/28/2009Troubled RBS Cuts Irish Bank, Mortgage Units
1/27/2009Italy a Test Ground for Branch of the Future: News from Wincor World
1/23/2009ATMs Beat Other Marketing Methods: News from Wincor World
1/22/2009Inspired by a 35 percent hit rate Pireaus Bank of Greece is taking ATM marketing international.
Big Bank Failures Leave Hole in Tech Spending
1/21/2009The failure and consolidation among big banks will leave a long-term deficit in industry technology spending.
Many Bank IT Vendors Won't Survive 2009
1/21/2009One in eight U.S. bank IT vendors will fall victim to a long-term drop in bank technology spending, Financial Insights predicts.
Wincor Nixdorf Hiring in 2009: News From Wincor World
1/21/2009News from Wincor World: Fake Smoke Detectors the Newest in ATM Fraud
1/21/2009Wincor-Nixdorf user conference hears German ATM fraud attacks are up 70%.
Industry Faces Spikes in Check Processing Costs
1/15/2009Citi Bailed Out a Second Time Under TARP
1/8/2009Having lost more than one-eighth of its assets, Citi is to shed one-fifth of its workers worldwide.
Mastercard's Orbiscom Acquisition "Significant": Javelin
1/7/2009Jim Van Dyke, the esteemed founder of Javelin Strategy & Research, a security specialist in Pleasanton, Calif., says in a blog today that he feels "compelled" to note the significance of Mastercard buying Orbiscom, news BS&T reported earlier this week.
Citi, Hiring or Firing? Corporate sponsor hard to read.
1/6/2009I was surprised to chance upon a recruitment ad from Citi this week, considering that the $2-trillion giant is in the process of shedding 75,000 staff, or 20 percent of its global workforce, as discussed in the latest issue of BS&T magazine.
Super Regulator Likely For Europe’s Financial Firms
1/5/2009Offshoring of Bank IT Jobs Looks Likely to Rise in 2009
1/5/2009Amid the financial crisis, banks are likely to dial up their use of offshore outsourcing. But cost cutting isn't the only driver.
Tech Spending in 2009 to Be Trimmed, Not Slashed
1/5/2009Bank technology executives acknowledge that 2009 will be lean, but they're hopeful that it won't be too mean.
Banks IT Spending to Fall, Outsourcing to Rise, Says IDC Industry Insights
1/5/2009The Midwest could see an influx of East Cost bank work.
Barclays Fights Phishing With Smart Bankcards and Readers
12/24/2008Phishing plummets and customer satisfaction soars as Barclays deploys smart card readers.
Crisis a Marketing Opportunity for ING Direct
12/24/2008The bank that went from zero to $80 billion in a decade reiterates the virtues of saving.
Ideas Are Stock in Trade for Wells’ Execs
12/24/2008Wells Fargo's Innovation Stock Exchange encourages technologists to think creatively.
Enter FICO 08: The Next-Gen Credit Score
12/24/2008Fair Isaac's latest credit scorecard is not a reaction to the subprime crisis, the vendor says.
As Defaults Mount, Many Question FICO Scores’ Value
12/24/2008Some question why credit scores didn't prevent defaults; others question how they're used.
Amish an Example in a World Gone Mad
12/12/2008The workweek ended with no shortage of financial news (though nowadays it's not over till the fat lady sings-i.e. Sunday night has passed). What struck me today as Congress refused $15 billion to the auto industry is how small that now seems in the scheme of things-not just compared with the $250 billion-plus stimulus packages separately announced by Japan and the EU today, but the
EU, Japan Each Provide Stimulus Packages of $250 Billion Plus
12/12/2008Job Losses the Worst in 34 Years
12/5/2008To me, it's the single scariest development of many lately: November saw the biggest monthly job loss in 34 years, extrapolating from statistics released today by the Department of Labor. More than 500,000 jobs, net, were lost in November, a sign of deepening recession, commentators say. And that's not counting those who have been unemployed so long they are no longer counted in the statistics of those seeki
Tech Budgets Will Be Flat or Up in 09: CIO Trade Association
12/3/2008Core Processing Providers See Shift to Outsourcing
11/24/2008Illiquid Banks Forcing Liquid Ones to Overpay for Deposits
11/21/2008Community Banks Have the Upper Hand: BAI’s RD Attendees
11/20/2008Best Practices on Data Breaches
11/20/2008Banks are unlikely to be the source of a breach, but likely to have to break the bad news.
Caught Between Record Layoffs and Hiring Freezes, IT Execs Face a Buyer's Market
11/20/2008With record layoffs focused on the financial sector, IT execs formerly in high demand may find themselves in high supply.
TARP Can’t Stanch Financial Crisis, Experts Say
11/20/2008The government's $700 billion bailout program isn't enough to get credit flowing, experts say.
Fighting Fraud With Texts
11/19/2008By using SMS to alert customers to possible breaches, banks could enlist consumers in the fight against fraud -- but the industry is far from achieving dynamic information sharing.
IT Recruitment Not a Problem, Independent Community Bankers of America Survey Finds
11/19/2008In first time for recruitment questions only 12 precent of over 1,300 respondents rated IT recruitment as an issue.
Fraud Hits Too Close to Home for One BS&T Staffer
11/19/2008When a routine inquiry reveals a flagged credit card account, an editor finds herself at the center of her own story.
Protecting Customer Data Is Small Banks’ Top Tech Concern
11/19/2008Despite the credit crisis, community banks' spending on security will rise as hackers increasingly target small banks.
News from BAI Retail Delivery: Bank Stocks to Rebound
11/18/2008Washington State Leads In Software Industry Salaries
11/18/2008Trust Gap Set to Widen Between Big and Small Banks
11/18/2008Another Mass Layoff at Citi: 52,000 Jobs
11/17/2008TARP May Need Tech Vendors, Kashkari Intimates
11/11/2008
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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