News & Commentary
Content posted in January 2012
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Big Data Requires Big Storage
News  |  1/31/2012  | 
As banks continue to accumulate massive amounts of data, with no end in sight, the industry must find new ways to store it.
Actiance Launches Socialite Engage
News  |  1/31/2012  | 
The new platform allows financial institutions to share social media content with customers and still remain in compliance with government regulations.
Fiserv to Implement New Flex-Form Module From Datacard Group
News  |  1/31/2012  | 
The new module integrates with Datacard's MXD card delivery system.
IBM Acquires Mobile Provider Worklight
News  |  1/31/2012  | 
The Israel-based company makes software for smartphones and tablets.
U.S. Bancorp Announces Two Acquisitions
News  |  1/30/2012  | 
The flurry of acquisition activity follows a favorable 2011 earnings report.
Estimated 600,000 Consumers Switched Due to Bank Transfer Day
News  |  1/29/2012  | 
Javelin research finds that consumers were also driven by outrage over new fees.
Google Could Benefit from Gupta's Resignation
Commentary  |  1/27/2012  | 
The resignation of Vikas Gupta, Google's head of consumer payments, may be exactly what the company needs.
Most Consumers Unsure Who Benefits From Debit Card Regulations
News  |  1/27/2012  | 
A survey released this week by Javelin finds that consumers are being given mixed messages from banks and merchants on debit card use.
Using Social Media to Drive Operational Change
Commentary  |  1/25/2012  | 
The first piece in this two-part series explores how social media can help drive operational changes that are needed in financial institutions.
Sharing Data, Seamlessly and Efficiently
News  |  1/25/2012  | 
North Dakota-based American Bank Center uses ProfitStars' Optimizer for efficient data monitoring among senior management.
How Satisfied Are Consumers With Their Banks?
Commentary  |  1/25/2012  | 
A survey commissioned by TD Bank finds that most bank customers are satisfied, and that avoiding fees is the key to satisfaction.
Accenture Acquires Neo Metrics Analytics S.L.
News  |  1/25/2012  | 
The acquisition of the consulting firm will expand the analytics capabilities Accenture can offer to its clients.
Study Says Online Merchants Made Significant Progress Fighting Fraud in 2011
News  |  1/24/2012  | 
However, the CyberSource study also shows that fraudsters are making off with more per theft than in previous years.
SunTrust To Acquire Online Lender FirstAgain
News  |  1/24/2012  | 
The Atlanta-based bank will expand its presence in the direct online lending market with the deal.
First National Bank to Offer Mobile Wallet Solution to Unbanked
News  |  1/23/2012  | 
The South African bank has partnered with retailer Pep to allow consumers who don't have a bank account access to its eWallet product.
TD Bank's Social Strategy: Start Small, Think Big
News  |  1/23/2012  | 
The bank's ambitious enterprise social networking plans started with a simple initiative that has already boosted productivity dramatically.
A PR Lesson From Deutsche Bank
Commentary  |  1/20/2012  | 
U.S. banks should take note of Deutsche Bank Belgium's clever new online and radio marketing campaign.
Defining Big Data
Commentary  |  1/20/2012  | 
What does big data actually mean, and how does it differ from data management? An industry expert breaks it down.
Bank IT Spending Growth on the Decline
News  |  1/20/2012  | 
A new Celent report finds that IT spending is stagnant in North America and Europe, but on the rise in the Asia-Pacific region.
SOPA: 10 Key Facts About Piracy Bill
News  |  1/19/2012  | 
Despite mass opposition to the SOPA and PIPA anti-piracy bills, both continue to move forward in Congress. Here's an update on what's at stake and where the bills stand.
J.P. Morgan Enhances Web Currency Services Portal
News  |  1/18/2012  | 
J.P. Morgan enhances web currency services portal; upgraded online system is designed to help banks gain a variety of detailed views of cash transactions and analytical dashboards.
Return Path, BITS Partner to Combat Phishing
News  |  1/18/2012  | 
The e-mail security company will provide BITS and FS-ISAC members access to its anti-phishing registry.
The Intersection of Mobile Banking and Payments: It’s About the User
Commentary  |  1/18/2012  | 
User experience, more than any other piece of the mobile banking and payments puzzle, will define the success of the mobile channel for financial institutions.
How Can Banks Leverage Big Data?
How Can Banks Leverage Big Data?
Bank Systems & Technology Videos  |  1/17/2012  | 
BS&T editorial director Kathy Burger speaks with McKinsey & Co. director Allen Weinberg about what big data means for banks’ growth strategies.
Are Banks' Legal Costs 25% Higher Than They Need to Be?
Commentary  |  1/17/2012  | 
New research from a Viewpointe-sponsored AIIM report reveals that without a comprehensive records management system in place, financial institutions may be exposed to costly and potentially damaging legal action due to their limited ability to identify and isolate key records.
Fiserv, FIS Lawsuit May Affect Banks in Several Ways
News  |  1/17/2012  | 
The patent infringement lawsuit involving the two financial tech giants has caught the attention of many in the industry.
FDIC Updates Stress Test Proposal
News  |  1/17/2012  | 
As part of its compliance with provisions of the Dodd-Frank regulation, the FDIC board is proposing stress testing for large banks, and says affected banks would benefit from "improved internal assessments of capital adequacy."
It's Time for Banks and Financial Services Institutions to Rethink the Data Warehouse
Commentary  |  1/16/2012  | 
The new reality of data management requires financial institutions to undertake a shift from passive data warehouses to integrated analytical platforms.
Do Banks Deserve What’s Coming to Them?
Commentary  |  1/13/2012  | 
Challenging market conditions, coupled with new legislative restrictions, make it essential that banks take a new approach to realizing revenue earned and to innovate for new revenue growth.
Wells Fargo Names Wholesale Internet Solutions Head
News  |  1/13/2012  | 
Wells Fargo names Secil Watson Wholesale Internet Solutions head; she will be responsible for the bank's Commercial Electronic Office portal and its CEO Mobile service.
Retail Bank IT Spending to Increase by $3.6 Billion Globally in 2012: Report
News  |  1/13/2012  | 
U.K. analysts Ovum also predict that banks in emerging economies in the Asia-Pacific region will grow at the fastest rate.
PayPal and AJB Bring Digital Wallet to Offline Retail Space
News  |  1/12/2012  | 
PayPal has teamed up with payment solution provider AJB to expand its offline retail presence and give several merchants a low-cost way to deploy a digital wallet solution.
RBS, Barclays Latest Banks to Announce Job Cuts
News  |  1/12/2012  | 
Barclays said it would shed 422 IT jobs on the same day RBS announced it will cut 3,500 positions in its investment banking unit.
5 Community Banking Predictions for 2012
Commentary  |  1/11/2012  | 
In 2012, community banks that put effort into improving their use of technology will be better equipped to serve customers, improve efficiency, control costs and find new growth opportunities.
IBM Joins Banking Industry Architecture Network
News  |  1/11/2012  | 
The group is composed of banks and technology companies that serve the financial industry.
BBVA Migrates From Microsoft to Google Apps for Business
News  |  1/11/2012  | 
BBVA's massive internal migration to the cloud-based app system from Google signifies not only an operational shift, but a shift in the industry's perception of cloud computing and the value it can bring to banks.
Feds Bust $1.5 Million ATM Skimming Scheme
News  |  1/11/2012  | 
Romanian man failed to disguise his identity as he allegedly installed card skimmers to steal data at 40 ATMs around New York.
Intuit Launches GoPayment Card Reader in Canada
News  |  1/11/2012  | 
The mobile payments device will be available to Canadian retailers early this year, the company says.
Wells Fargo's Mobile Banking App for Android Now Available On Amazon
News  |  1/10/2012  | 
Wells Fargo furthers the reach of its mobile banking channel by making its mobile app available for download via the Amazon Appstore for Android.
ThreatMetrix Acquires TrustDefender
News  |  1/10/2012  | 
The two cyber-security vendors will now operate under one banner.
The Path to SmartPhone Banking Apps
Commentary  |  1/10/2012  | 
Despite mobile banking's growth, many financial institutions still view it as a cost rather than a revenue opportunity. In this roundtable we discuss how banks can speed up adoption rates and increase profit margins, and where deployment of apps fits into the strategy.
Bank Failures Down in 2011 From Previous Year
News  |  1/10/2012  | 
Ninety-two banks were shuttered in 2011, compared with 157 from 2010.
U.S. Bank Enables Secure Online Child Support Payments in Nebraska
News  |  1/9/2012  | 
Parents can now make online payments to the Nebraska Child Support Payment Center via SVP.
PayPal, Home Depot to Partner on POS Program
News  |  1/9/2012  | 
The technology is thusfar available in five stores and only for a trial group of PayPal employees.
Gartner Predicts Rise of External Social and Cloud-Based Banking Services
News  |  1/6/2012  | 
In its new report, Gartner gives advice to banks on how to stay relevant despite its prediction that external social web and cloud-based products will make up a quarter of consumer-driven banking services by 2015.
Fiserv Files Patent Infringement Lawsuit Against FIS
News  |  1/5/2012  | 
The suit alleges FIS' Payment Manager infringes on Fiserv's intellectual property.
3 Steps to Reducing Spend Through Procurement
Commentary  |  1/5/2012  | 
To help reduce costs and offset the bottom line, financial institutions should consider these procurement guidelines.
Why Banks Should Support CFPB's Cordray
Commentary  |  1/5/2012  | 
A day after a recess appointment officially made him head of the Consumer Financial Protection Bureau, Richard Cordray defended the agency's role, reported on accomplishments so far, and identified upcoming agenda items -- including more scrutiny of non-banks.
Barclays Poaches HSBC Executive
News  |  1/5/2012  | 
Rumi Contractor, who held numerous senior positions at HSBC, will join Barclays as head of its U.K. retail and business banking unit.
Will Yahoo Make a Play In the Payments Space?
Commentary  |  1/4/2012  | 
Its incoming CEO, former PayPal head Scott Thompson, grew the eBay subsidiary in the digital and cloud payments arena.
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