News Archive from February 1, 2013
M&T Brings On Donald Truslow As New Chief Risk Officer February 01, 2013Truslow, who previously worked at The Financial Services Roundtable and Wachovia Corporation, will also serve as executive vice president and a member of the bank's management committee. U.S. Tablet Shipments Soar During Holidays, Threaten to Surpass PCs January 31, 2013Apple Inc Chief
Executive Tim Cook's prediction that tablets would one day
outsell personal computers appears to be coming true. Bank Tech Vendor Shakeup Continues: FIS to Acquire mFoundry January 31, 2013Bank tech giant previously held 22% interest in mobile solutions vendor; sees deal as opportunity to leverage technology assets across broader client base. RIM to Rename Itself BlackBerry January 30, 2013Research In Motion Ltd
is changing its name to BlackBerry, the company
announced on Wednesday, in move to refresh its tarnished image
as it begins marketing a reengineered line of BlackBerry 10
smartphones. Google Expected to Win Mobile Wallet Wars, Study Finds January 30, 2013A new survey released yesterday by ACI Worldwide found that the majority of retail professionals involved said Google would beat out PayPal and Isis in the mobile wallet wars. Check Scanners That Detect Fake I.D.'s Help One Bank Fight Fraud January 30, 2013Check scanners from CTS North America have been enabled with technology that detects fake I.D.'s that have helped one community bank secure branch transactions and can authenticate remote check deposits. Treasury Needs Exit Plan for Ally Financial, Says Watchdog January 30, 2013The U.S. Treasury needs to develop a
concrete plan for exiting its 74 percent stake in auto
financing company Ally Financial Inc, the second-largest
remaining recipient of federal bailout dollars, an internal
watchdog said in a report released Wednesday.< New Study Finds Bankers Expect Big Challenges And Few Benefits From Dodd-Frank 1073 January 29, 2013Bankers believe Dodd-Frank 1073, which will regulate cross-border-payments and will be implemented this year, will have a negative impact on their payments business, according to a new survey. U.K. Watchdog Closes Lehman Case Against Auditor E&Y January 29, 2013Britain's accounting watchdog
declined to take any action against Ernst & Young (E&Y) over its
auditing of Lehman Brothers before the U.S. investment bank
failed in 2008 and triggered a near meltdown in global markets. BofA's Moynihan Calls for Renewed Focus on Customers January 28, 2013Bank of America Corp must focus
on improving customer service as it moves past its crisis-era
problems, CEO Brian Moynihan said in a letter sent to employees,
signaling one of his strategies for boosting revenue at the
bank. Non-Banks Take Early Lead in Mobile Wallet Race January 28, 2013A report from Carlisle & Gallagher finds that nontraditional financial institutions are the current mobile wallet frontrunners, though the battle is far from over.
Global Bank IT Spending to Reach $179.2 Bln in 2013: Celent January 25, 2013The research firm said in a new study that it expects IT spending by banks to grow this year led by banks in North America and the Asia-Pacific. Longtime Diebold CEO Swidarski Out After 17 Years January 25, 2013The company, a major manufacturer of ATMs, said the move was "in our stakeholders' best interests to make a change in leadership at this time."
BBVA Invests $100 Million in Financial Services Start-Ups in Silicon Valley January 24, 2013Following on the heels of similar investments in innovative start-ups, the bank said that it is making concerted effort to anticipate and tackle disruptive changes in financial services. Investors Blinded by Banks' Calculation of Risky Assets, Says Basel Chairman January 24, 2013Material differences in the way
banks define their risky assets is blinding investors' ability
to make informed choices about where to put their money, a top
regulator said on Thursday. More Than Half of Banks Hit by DDoS Attacks Last Year, Study Finds January 23, 2013In a recent survey conducted by the Ponemon Institute, more than half of the banking IT professionals in the study said their bank had experienced at least one DDoS in the previous 12 months. Bank Websites Must Meet Digital Customers' Needs, Says Forrester January 23, 2013The secure websites of the largest retail banks in the U.S. are not evolving to meet the current needs and expectations of consumers in a digital environment, said the research firm.
Top E.U. Banks Told to Write "Living Will" January 23, 2013Top banks in the European Union
must present so-called "living wills" by the year-end spelling
out how they would survive a crisis without taxpayer aid. Branch Closures Revved Up in Late 2012, Study Finds January 22, 2013The pace of branch closings in the U.S. more than doubled in the last quarter of 2012 as banks looked to cut costs, a new report by SNL Financial found. Make ‘Em Laugh: 6 Funny Bank Videos That Drive Engagement January 18, 2013Banks may not be thought of as having a sense of humor, but these videos prove banks can laugh, often at themselves.
Capgemini Financial Services Names Thierry Delaporte As New CEO January 18, 2013Delaporte, who has worked with the company for more than 17 years, will take over the leading role for the outsourcing and consulting firm from Aiman Ezzat. Webster Bank Names New CIO January 18, 2013Colin Eccles, former CIO at Umpqua, will focus on development of e-banking solutions at Connecticut-based Webster Bank. BBVA Unveils Mobile RDC for iPhone January 18, 2013The bank said the features will soon be available for the iPad and Android devices as well.
Mortgage Cases to Test U.S. Use of Once-Obscure Fraud Statute January 17, 2013Banks are testing U.S. authorities' use
of a once-obscure statute to bring more cases tied to the
financial crisis, arguing the government is twisting the law
beyond what it can do. New CFPB Regulations Target Mortgage Servicers January 17, 2013The CFPB announced new rules today regulating the mortgage servicing industry in the hopes of helping struggling borrowers. See more news