Frank Bisignano, who also led JPMorgan's mortgage banking business in the wake of the mortgage crisis, will lead payments management company First Data at a time of great change in the payments industry.
Reforms to the world's financial system still fall short of ensuring that big and systemically important banks will not need to be bailed out by governments if they fail, regulators say.
Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be effective.
Fiserv's integration of Popmoney and Mobiliti is intended to enhance the functionality of mobile banking while expanding reach of Popmoney payments network.
By Guy Sheppard, BankersAccuity | January 18, 2013
Banks must address the "V3challenge" -- questions around variety, velocity and vagueness -- in order to achieve better bank counterparty due diligence, as part of Know Your Customer compliance.
J.P. Morgan Treasury Services draws on consumerization trend in relaunch of ACCESS portal; new platform for corporate clients was developed using collaborative agile methodologies.
By Carol Stabile, Safe Banking Systems LLC | October 12, 2012
Adopting a comprehensive approach to financial crime prevention, with greater reliance on analytics tools and collaboration among banks, regulators and law enforcement entities, was the theme of ACAMS' recent AML & Financial Crime conference.
Regulatory and audit requirements offer banks an opportunity for a bottom-up approach to credit strategies, which can also be applied to other business processes. Key to this approach is a decision-optimization framework.
Achieving FATCA compliance will require new roles and processes, extended information gathering, and new or updated information management systems, including reporting systems.
Greek banks will post big
losses for 2011 on Friday, as they will include the writedown on
government bonds suffered during last month's bailout deal for
the country as well as provisions for higher bad loans due to a
deep recession.
The new offering allows a company to disburse funds from a corporate account directly into a payee's debit card account at another bank or load it onto a prepaid card.
KeyBank names new commercial payments head; former RBS global transaction services executive Alfred Carpetto will oversee Key’s treasury management, international foreign exchange and institutional asset services businesses.
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.
By Tom Durkin, Bank of America Merrill Lynch | September 20, 2011
Although the premise of electronic bank account management (eBAM) is simple, the transition from a paper-based traditional bank account management process to this automated approach is a giant leap.
Banks will be required to have comprehensive liquidity risk management programs and must be able to clearly identify and assess enterprise-wide liquidity risk under normal and extreme market conditions -- as well as develop strategies to effectively bridge liquidity gaps.
Deloitte's new U.S. financial services head advocates strategic approach to compliance; Bob Contri foresees a heavy focus on Dodd-Frank compliance, the mortgage market, and data management.
BBVA selects Accenture's Alnova Financial Solution to support U.S. tech transformation; new core banking platform will allow BBVA Compass to achieve real-time processing capabilities.