Digital Wallets Turn A Corner
The beginning of the holiday season has brought some positive tidings for the growth of mobile wallets. Bank Systems & Technology looks at the road - and challenges - ahead.
5 Predictions About the Future of Digital Wallets
Bank of America announced this week that it is piloting Visa's V.me digital wallet service with its online customers, firing up the ever-hot topic of digital wallets in the banking sector. Here are some recent quotes on the evolving digital wallets market that we selected to share.
It's Time to Embrace Core Systems Transformation
Although U.S. banks are among the leading consumers of IT, many have resisted core transformation. Now, however, the risk of delaying modernization outweighs the long-standing risks of proceeding.
Core Banking Systems Winners And Losers
Don Free, research director at Gartner, shares his views on how the core vendor market is changing, and what banks and vendors must do to stay competitive, with BS&T associate editor Jonathan Camhi.
Credit Suisse Shuffles Top Execs as Merges Units
Credit Suisse said on
Tuesday its private banking arm would swallow its smaller asset
management unit to cut costs and announced a management shake-up
that raises the profile of those jockeying to succeed its
beleaguered chief executive.
JPMorgan Names Retail Finance Executive Lake as New CFO
JPMorgan Chase & Co named
little-known executive Marianne Lake as its chief financial
officer on Monday, making her one of the most powerful women on
Wall Street and the top ambassador to investors for the largest
Obama Presses Case on 'Fiscal Cliff' With Dimon, Buffett
President Barack Obama's
intensive lobbying to avert big year-end tax hikes and spending
cuts resumed over the weekend as he spoke with senior corporate
chieftains, including JPMorgan Chase's Jamie Dimon and legendary
investor Warren Buffett.
Banks Seen Shrinking for Good as Layoffs Near 160,000
Major banks have announced some
160,000 job cuts since early last year and with more layoffs to
come as the industry restructures, many will leave the shrinking
sector for good as redundancies outpace new hires by roughly
Canada Libor Investigators Escalate Dispute with RBS
The Canadian agency investigating
whether banks manipulated a key global interest rates accused
Royal Bank of Scotland Group on Wednesday of failing to
cooperate with its probe and of making misleading statements
RIM to Introduce New BlackBerry 10 Devices on Jan. 30
Research In Motion Ltd
plans to introduce its new line of BlackBerry 10 smartphones on
Jan. 30, the company said on Monday, giving investors a measure
of confidence that the long-awaited devices are nearing