At the recent SAS Financial Services Executive Summit, bankers gained insights into how to address the challenge of aligning technology and business in the age of big data analytics.
After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email.
Barclays Names New Compliance ChiefDecember 12, 2012Barclays has appointed
Hector Sants, former boss of British regulator the Financial
Services Authority, to oversee its compliance and relationship
with governments and regulators as it looks to repair its
battered reputation.
Monitise Adds Mint to Its Mobile Money Platform for BanksDecember 11, 2012A new deal with Intuit Financial Services means that Monitise will offer banks the chance to incorporate Mint, a popular personal financial management service, into mobile banking apps.
JP Morgan No. 1 in U.S. Customer Survey, Rivals Fall BackDecember 11, 2012JPMorgan Chase & Co jumped to
first in a U.S. customer satisfaction survey, as its three
biggest rivals, including perennial leader Wells Fargo & Co
, posted a decline in their scores.
HSBC to Pay Record $1.9 Billion Fine in Money Laundering CaseDecember 11, 2012HSBC has agreed to pay a record $1.92
billion fine to settle a multi-year probe by U.S. prosecutors,
who accused Europe's biggest bank of failing to enforce rules
designed to prevent the laundering of criminal cash.
2013 Bank Regulatory ForecastDecember 07, 2012Banks will continue to grapple with a host of regulatory demands, especially as Basel III and Dodd-Frank provisions come into effect.
2 for 1: Integrating Mobile Banking and DepositsDecember 07, 2012Simmons First combines mobile banking and mobile deposits to create one seamless customer interface with solutions by Jack Henry & Associates.
Deutsche Bank Directors to Question BoardDecember 07, 2012Deutsche Bank's
directors will question the management board over claims the
lender failed to recognise billions of euros in unrealised
losses during the financial crisis, two sources said.
Apple, Samsung Spar in Court, Ruling to ComeDecember 06, 2012Apple Inc and
Samsung Electronics squared off again in court on
Thursday, as the iPhone maker tried to convince a U.S. district
judge to ban sales of a number of the South Korean company's
devices and defended its $1.05 billion jury award.
Number of Undercapitalized Banks FallingDecember 06, 2012Data from research firm SNL Financial shows that the number of undercapitalized banks has fallen to the lowest number in more than three years.
Standard Chartered Fined $330 Million in Iran ProbeDecember 06, 2012Standard Chartered
expects to pay $330 million to settle a case with U.S.
regulators for breaking sanctions on Iran, the Asian-focused
bank said on Thursday, a second such penalty which could almost
wipe out its profit growth this year.
SEC Charges Wells Fargo Banker, 9 Others With Insider TradingDecember 05, 2012U.S. securities regulators
charged a Wells Fargo investment banker and nine others
with fraud on Wednesday in connection with their alleged role in
an insider-trading ring that earned more than $11 million by
trading on tips about impending mergers.
U.S. Bank to Offer Mitek's Mobile Photo Bill PayDecember 05, 2012U.S. Bank announced today that it will begin offering Mitek's Mobile Photo Bill Pay solution that allows customers to pay bills by taking a photo with their mobile device early next year.
Citi to Cut 11,000 EmployeesDecember 05, 2012The layoffs are part of a company-wide restructuring plan; technology and operations units will be affected.
French Banks Eye U.S. Expansion After Year of CutsDecember 05, 2012France's top banks are taking
advantage of calmer markets to return to expanding in the United
States, a year after deep cuts to their investment banks saw
them lose ground to rivals in the world's biggest financial
market.
Adyen Issues EMV-Enabled Mobile Card ReaderDecember 04, 2012The payments company says this is the first mobile card reader that can process both Chip & PIN and mag stripe credit cards.
Franco-German Rift Threatens Plan for Banking UnionDecember 04, 2012Germany and France clashed
publicly on Tuesday over plans to put the European Central Bank
in charge of supervising banks, deepening a dispute over the
scope of ECB powers that threatens to derail one of Europe's
boldest reforms.
UBS Near $450 Million Settlement With U.S., U.K. Over LiborDecember 03, 2012Swiss bank UBS AG is
expected to pay more than $450 million to U.S. and British
authorities to settle claims some of its employees submitted
false Libor rates, the New York Times reported.
Wells Fargo Launches Mobile RDC NationwideNovember 28, 2012After a soft launch in select states over the summer, Wells Fargo announced today that it is launching its Wells Fargo Mobile Deposit service nationwide.
