News Archive from July 19, 2013
6 Best Practices for Improving AML Screening July 19, 2013A new whitepaper by BankersAccuity outlines a number of steps banks can take to improve efficiency and compliance in anti-money laundering operations.
Wolters Kluwer Acquires Regulatory Reporting Software Suite SVENSON July 19, 2013The acquisition is designed to help banks and insurance companies in Austria meet national and international regulatory requirements.
IBM Reaches Multibillion Dollar Outsourcing deal with UniCredit July 18, 2013Big Blue will transform the IT infrastructure that supports all of the Italian bank's commercial and private banking activities in Europe.
Gulf Coast Bank Revitalizes Mortgage Operations With Automated CRM July 18, 2013By working Mortgage Returns automated CRM system the bank’s mortgage division just had its best quarter ever with fewer staff. U.S. Bank Adds Square to its Digital Wallet Options July 18, 2013The bank said customers can now link their U.S. Bank credit, debit, or prepaid account to the Square application to make purchases from their smartphone.
Cordray Confirmed as CFPB Director July 17, 2013The banking industry reacts to the news that acting CFPB director Richard Cordray will now head the agency on a permanent basis.
Worldwide IT Outsourcing to Reach $288 Billion This Year, Gartner Predicts July 17, 2013The analyst firm predicts slower growth than previously expected due to economic conditions and tight IT budgets. CFPB Appoints New COO July 16, 2013Sartaj Alag previously headed the Office of Consumer Response at agency.
Accenture Augments Mortgage Offerings With Mortgage Cadence Acquisition July 16, 2013Accenture says the acquisition will help clients cut cycle time and costs while increasing flexibility to comply quickly with new regulations. 3Rivers Federal Credit Union Rolls Out Mobile Photo Bill Pay July 16, 2013The solution will allow 3Rivers customers to pay bills by taking a picture of the bill with their smartphone.
AML and OFAC Compliance Straining Banks’ Budgets, Study Finds July 15, 2013The cost of compliance with AML and OFAC requirements has been rising to the point that few institutions in a new study said their compliance budgets were adequate. 4 Predictions About The Future of the Contact Center July 12, 2013With banks’ channel strategies becoming increasingly customer-centric, how is this shaping their call and contact centers? Four experts offer their predictions. New Report: Consumers Say Security No. 1 Concern in Mobile Banking July 12, 2013A new survey by Monitise found that consumers view security as the biggest concern associated with mobile banking, and security is a major factor in choosing a new bank. The Marriage of Mobile and Prepaid July 12, 2013Prepaid products and mobile banking apps both aim to give customers ease-of-use with practical functionality, and combining the two can offer a number of ways for banks to deepen their customer relationships. Mobile Imaging And Pain Points: An Exclusive Q&A with Mitek’s CEO Jim DeBello July 11, 2013Mitek’s CEO Jim DeBello talks with BS&T about the progress and potential for further growth of mobile photo bill pay as well as some other things the mobile imaging company is working on. Big Data Innovation in Banking July 10, 2013Banks are still struggling with understanding the concept of big data and how it can be applied in their organizations.
Former JPMC CIO Named First Data President July 10, 2013Guy Chiarello joins fellow JPMorgan Chase alum Frank Bisignano, who was named First Data's CEO in April. Reaching the Unbanked in South Africa July 09, 2013Standard Bank and technology partner SAP worked together to serve the country's rural and unbanked population.
Customer-Centricity A Long But Worthwhile Journey for Banks July 09, 2013The banking industry is grappling with many changes as it looks toward the future.
SAP Integrates Geo-Spatial Data Into Analytics Platforms July 09, 2013SAP announced today that it will integrate geo-spatial data solutions from Esri into its BusinessObjects, HANA and Mobile Platform offerings. Banks Can Save $1.5 Billion Through Adoption of Digital Channels, Study Says July 09, 2013A new report by Javelin claims that the banking industry could save $1.5 billion each year by leveraging mobile to further decrease branch transactions. CSI Adds SAP’s Business Intelligence Tool to Core Offering July 08, 2013CSI’s NuPoint core system will now have SAP’s BusinessObjects Business Intelligence platform embedded, adding analytics and reporting capabilities based on the core’s transactional data. Bank of America Appoints New Global Transaction Services Head for EMEA July 03, 2013Jennifer Boussuge has been named the head of GTS for EMEA at Bank of America Merrill Lynch.
Intuit Selling its Financial Services Unit for $1 Billion July 01, 2013The sale does not include the popular personal financial management tool Mint.
Jack Henry Releases New E-Banking Compliance service July 01, 2013The Gladiator eBanking Compliance services outline compliance and regulations for financial institutions interested in launching mobile applications.
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