Keys to M&A Success: Rigorous Planning and Execution
By Terry Moore, Accenture
In light of ongoing economic pressure and the magnitude of non-performing assets in the system, the banking industry's current wave of consolidation is likely to continue and even accelerate in the later part of this year. Several factors will drive this:
• Well-capitalized banks capturing relatively inexpensive deposits, coupled with government protection from bad assets.
• More banks placed into receivership and sold by the FDIC.
Mobile Microfinance: Its Time Has Come
By Fritz Nelson, Techweb TV
Very few of us get to see our daily drudgery contribute to something politically, environmentally or sociologically charged, to a cause with greater implications than the outcome of driving the machinery of Brand X or Company Y; sleepless nights re-imagining business processes, building customer portals, re-negotiating a key vendor contract, all for company, livelihood, or a write-up in HR's internal newsletter. So when opportunities arise to serve that grea
A Good Bank Tech System Is About More Than the Core Apps
Regardless of which measure you choose, core apps (deposits, loans, financials and customer database) represent more than any other piece of the tech pie, which consists of 132 slices in all. Core represents more cost, more usage, more transactions processed, more hardware, more workstation inquiries invoked, more mobile phones engaged, more departments of the bank served, more customers, more chances for error, more regulatory feeds, more bank (or vendor) IT people to support core, more bank bo
Coping With the 2009 Regulatory Challenges
By Ralph Baxter, ClusterSeven
As the financial industry enters an extremely uncertain 2009, banks are faced with a variety of challenges and there are a lot of questions as to how they will cope. These challenges revolve around the uncertain regulatory climate and the fact that there is an increasing demand for enhancing compliance and risk management capabilities during a time of decreased revenues. How will most banks react?
Fiserv Launches New Brand Identity
Fiserv launches new brand identity; president/CEO Yabuki says vendor's scale "uniquely positions us to lead the development of next-generation solutions that will transform the way financial services are delivered."
Answering to a New Set of Shareholders: Centralized Tech Planning Key to Managing TARP
By Erik Garr and Rachel Parker, Diamond Management & Technology Consultants
When the Federal Deposit Insurance Corp. recently asked the banks it regulates to provide information on how they are using billions of dollars in government aid to help struggling homeowners avoid foreclosure, it underscored the critical role technology will play in transparency issues and reporting. After the difficulties many institutions experienced with the Sarbanes-Oxley Act (SOX) earlier in the decade, a
BMO Looks Beyond Basel II With Reveleus
Seeking a simple, cost-effective solution for its Basel II compliance needs, Bank of Montreal also has been able to leverage Reveleus for other risk management initiatives.
ERM Push Among Banks Intensifies
In an industry reeling from the financial crisis, enterprise risk management finally is finding a more willing audience among banks. But achieving ERM requires both a mastery of data and a cultural commitment.
Smart Tech Decisions Can Optimize AML Performance
Banks that integrate the technology components of their AML programs stand to gain considerable return on investment, according to John Sabatini, Principal, and Erin McAvoy, Senior Manager, Financial Services Office, Ernst & Young.
Measuring Green's Benefits to the Business
Green initiatives offer returns and cost savings in both the short term and the long term.Green initiatives offer returns and cost savings in both the short term and the long term.
Perspectives: Green IT
Especially in turbulent economic times, "green" initiatives can be a boon to the business.