News Archive from August 14, 2013
Regulators Take Closer Look at Bitcoin August 14, 2013The Senate committee on homeland security and the New York State Department of Financial Services are both examining new ways to regulate virtual currencies. Regulators Fret Over Asset Quality August 14, 2013U.S. banks and credit unions report asset quality as the number one focus for regulatory examiners. NFC Payments Expand in Canada August 13, 2013Monitise and Desjardins partner on a new mobile payment solution. New Oracle FLEXCUBE Upgrade Helps with FATCA Compliance August 13, 2013Oracle’s newest release of its FLEXCUBE core banking product includes tools to help with regulatory requirements and launch new delivery channels. A Multi-Channel Strategy Based on Real-Time Data August 12, 2013NICE Systems recent acquisition of Causata will help it provide banks with real-time decisioning for call center agents based on customer’s web traffic and typical behavior. 4 Ways Banks Can Improve Their Fraud-Fighting Efforts August 09, 2013Banks are investing more than ever in fraud detection and prevention efforts. Here are recommendations for getting the most out of those investments. Isis Will Include Prepaid Accounts In Mobile Wallet August 09, 2013The mobile wallet venture will include American Express Serve prepaid accounts for users when it is rolled out later this year. Court Rules Bitcoin Is Real Money August 08, 2013The court ruled that Bitcoin is real currency and can be regulated as such by the U.S. government. Global Core Banking Market to Reach $10.1 billion in 2017. August 08, 2013The estimated size of the global core banking market stands at $8.6 billion in 2013, and is expected to grow at a 4 percent rate over the next four years.
Compliance and Customer Experience: Is Big Data the Answer? August 07, 2013Big Data strategies combined with new governance and staffing models can turn compliance into a customer experience breakthrough. Wolters Kluwer Launches Monitoring Tool for Loan Portfolios August 06, 2013Wolters Kluwer Financial Services rolled out a stand-alone manager tool that monitors loan portfolios in real-time.
Verizon Rolls Out Wireless ATM Connectivity Solution August 05, 2013The solution can be used by banks with remote or off-branch sites such as malls or retail stores, and also be used to quickly recover from natural disasters and outages.
Battling The Non-Banks on the Payments Front: Q&A With Wintrust Financial Corp August 02, 2013Illinois-based Wintrust financial is piloting a mobile cash withdrawal service to compete with services offered by the likes of Paypal
Large Banks To Invest $73.8 Billion in IT Improvements in 2014: Report August 02, 2013According, to a survey from Technology Business Research, banks will invest more in transformative technology in 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.
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