The Senate Judiciary Committee held a hearing Wednesday on identity theft as it took up legislation introduced this week by Sen. Dianne Feinstein, D-Calif., who hopes to beef up federal laws and bring to everyone the protection currently enjoyed only by Californians.
The Identity Theft Assistance Center spares victims the hassle of contacting creditors individually and repeatedly having to prove their identity. By creating a rapid-response system, the center shortens the time thieves have to operate and builds evidence that can be used against them in court.
A service-oriented architecture can provide a bank with the robust, resilient IT architecture it needs to grow, achieve speed-to-market and optimize customer service. It also provides a platform to help meet compliance requirements and assure security and integrity of information assets.
Banks face myriad sourcing options, from build versus buy to in-sourcing and outsourcing. To select the right strategy, banks must determine which processes or services offer the most opportunity for competitive advantage or cost savings.