News Archive from August 1, 2013
Fraudsters Find New Ways Around Banks’ Online Defenses August 01, 2013Guardian Analytics has detected the increased use of new strategies fraudsters are using to bypass online security strategies that banks need to be looking out for. Isis Poised For National Rollout Later This Year August 01, 2013The mobile wallet provider has already been piloted in select markets.
Financial Institutions Increase Spending on ERM July 30, 2013Financial Institutions now spend more on risk management compared to 2010, according to a report by Deloitte.
MasterCard, Visa Team Up on EMV Chip Technology July 30, 2013The partnership is designed to speed the introduction of EMV cards in the U.S. market.
Fintech Vendor M&A Activity Down First Half of 2013, Study Finds July 29, 2013A new report by Berkery Noyes showed vendor mergers and acquisitions diminished in the first half of 2013, but a pickup in M&A activity may be on the horizon. Lessons Learned From The Fed Stress Tests July 29, 2013With Federal Reserve Bank stress testing requirements set to extend soon to midsize banks, what are the key lessons learned since the tests were implemented four years ago? What can be done better and where will the industry go from here? Leveraging Cloud and Big Data for Social Media Sales and Support July 26, 2013The new ITC Express solution offers banks the chance to respond to customer complaints and inquiries in social media through a cloud-based platform that utilizes text mining. Umpqua Bank Targets Unified Customer Experience Across Platforms July 26, 2013The Oregon-based bank has partnered with Q2ebanking to create consistency across channels.
ProfitStars Rolls Out Simplified Online Bill Pay July 25, 2013ProfitStars has released new products from iPaySolutions for one-click bill pay and easier deployment of mobile products and services. Javelin Report: Improving Mobile Account Opening A Must July 25, 2013A new study suggests that banks need to conform their account opening process to the mobile device to attract mobile-centric customers. Wintrust Pilots ATM Withdrawal Via Mobile Wallet July 25, 2013Wintrust Financial Corporation is piloting a solution to enable cash withdrawal at Diebold ATMs through Paydiant and FIS mobile wallet.
D+H To Acquire Harland Financial Services July 24, 2013D+H will enter the core banking market with the acquisition, while expanding its presence in the U.S. and combining its lending solutions with Harland’s portfolio. Bank of America Merrill Lynch Launches Dashboard Analytics for Commercial Clients July 22, 2013The bank’s commercial clients will now be able to leverage big data capabilities as part of its account management system. Branch Closures Outpace Openings by Nearly 1,000 Over Last 12 Months July 22, 2013According to data from SNL Financial, areas with a median household income below $25,000, posted their largest number of net closures since 2010.
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. See more news