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.
Financial Services Reaction to the Presidential Election
In the few days since the presidential election was decided late Tuesday evening, there has been much speculation as to how the result will affect the banking industry. Does an Obama re-election mean more regulations for the industry? Does this mean key aspects of Dodd-Frank will not be overturned? And how will the outcome affect the economy? Bank Systems & Technology has compiled some of the best quotes from the financial services industry about how the election results may affect the future of
Seen & Heard at BS&T’s 2012 Executive Summit
Hot topics at Bank Systems & Technology’s recent Executive Summit in Phoenix included how to overcome barriers to customer engagement, moving from big data to the concept of “intelligent data,” identifying the next generation of online banking and how to dominate in a “post-channel” world. Along with the discussion was high-level networking and BS&T’s annual Elite 8 Awards Ceremony. Participants in this year’s event included CIOs and other senior execut
Top Trends From BAI Retail Delivery
BAI Retail Delivery 2012, held in Washington, D.C., has come and gone, but the topics of discussion are sure to linger in the minds of attendees as they get back to their daily jobs. The confluence of channels, customer experience and the ever-increasing influence of mobiles were among the frequently talked about items at the conference. Here's a look at some of the biggest trends from the conference.
The Changing Role of the Bank CIO
The role of the bank CIO has changed dramatically since the financial crisis, as technology leaders have had to take on new responsibilities within their banks in response to a rapidly changing business environment.
The REAL Economic Impact of the Olympic Games
The 2012 Olympic Games have certainly provided the world with several memorable moments. From Queen Elizabeth parachuting out of a plane with James Bond, to all of the stellar athletic displays, the London Games have left an indelible mark on many. Beyond the emotional impact, the Games also have had quite a financial impact. Here are some of the most interesting (and off-the-wall) economic figures surrounding this year's Olympics.
8 Innovators Shaping the Future of Payments
The world of payments is always innovating and fast-changing. Many companies -- not all of them traditional financial institutions -- have transformed the space in recent years with trailblazing technology and ideas. Bank Systems & Technology highlights eight innovators that are leading payments into the next century.
IT Salary Survey: Outlook Points to Cautious Optimism
The past several years have certainly been rough sailing for the financial services industry, but the market for IT talent in the sector is on the rise, according to the "2012 InformationWeek IT Salary Survey." After several years of painful cuts, the job market is improving, albeit at a slower pace than before the financial crisis.
5 Critical Strategies for Mobile Banking Security
To the best of their ability, banks need to ensure that their services are available and secured within any mobile phone configuration. Because absolute security is nearly impossible to attain in the mobile world, banks’ back-end systems have to be prepared to detect anomalies and fraudulent activity in the event that a front-end channel has been compromised.
4 Technologies That Are Key to the Bank Branch of the Future
In the July print issue of Bank Systems & Technology, we explored what the bank of the future will entail. A big aspect of that is the bank branch, and what becomes of it. Will it even exist in the future? Will it become more of a sales and service center, as some have predicted? Whatever happens, the bank branch will likely look vastly different in the future. Accenture Technology Labs, the technology research and development organization within Accenture, offers some of its ideas on this subje
The Barclays LIBOR Fallout in Quotes
It certainly was an interesting week for Barclays PLC, and not in a good way. The multinational bank is still reeling from the fallout of its attempt to rig the daily settings of London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate and subsequent fine of 290 million Pounds. And there was no midweek holiday respite for the London-based bank, as the notorious British press continued to blast the financial institution. For your enjoyment, Bank Systems & Technology has compiled
Mobile Banking is Here to Stay
If there was one overarching theme that came out of Bank Systems & Technology's Virtual Event "How Mobile Is Transforming Banking's Competitive Landscape" on Thursday it's that mobile is indeed the future. While mobile banking adoption sits in the 10-15 percent or so range -- and even less for tablet banking -- the numbers are increasing every day, as technology continues to rapidly advance. It's not a stretch to say that within five years, most bank customers with access their account via a mob
The Tao of Dimon: JPMorgan Chase CEO Jamie Dimon's Most Memorable Quotes
Jamie Dimon is one of the most successful, well-known and outspoken bank executives around. The JPMorgan Chase and former Bank One CEO is known not only for his executive prowess, but also his colorful quotes. Whether the subject is regulation, mortgages, the role of government in the financial system or any number of other topics, Dimon has provided financial reporters with many colorful quotes throughout the years. Here are some of his most memorable.
Payments 2012: The Conference in Quotes
Payments 2012 has come and gone already, and the three plus days the conference took place in Baltimore was a whirlwind of activity. Organized by NACHA - The Electronic Payments Association, the industry conference attracted thousands who came to hear about new developments in the payments space, to network and, of course, to have fun. Below are some of Bank Systems & Technology's choices of the most interesting and juicy quotes of the conference.
Top Quotes of The Week From The Banking Industry
There's never a dull moment in the financial services world, and this week was no exception. Lawsuits, bank capital and student loans were among the hot topics of the week — with a dash of regulation thrown in as well for good measure. Here are Bank Systems & Technology's picks for the quotes of the week in the banking industry.
The Best iPad Banking Apps
Although financial institutions have begun creating applications for Android-based tablets, the majority of tablet-specific banking offerings on the market today are designed for Apple's iPad. Here's a look at some of the best iPad banking apps.
2012 Treasury Services Outlook
Banks' treasury services offerings are being shaped by corporate customers' demands for better controls, increased access to information, and improved transparency of payments and other transactions. What is the outlook for treasury services in 2012, and what technologies can help banks improve their offerings?
Inside the Citibank.com Redesign
Citibank recently reintroduced its online banking website with a brand-new look, feel and set of functionalities. Here's a closer look at the new citibank.com.
2010's Elite 8 Honorees: Where Are They Now
The recent economic turmoil and a tougher regulatory environment continue to challenge bank technology executives, who must work to improve the customer experience while cutting costs and boosting efficiencies in order to remain competitive. Bank Systems & Technology checked in with the 2010 Elite 8 honorees to see how today's challenges have changed their responsibilities and their banks' focus over the past year.