News Archive from September 12, 2013
MasterCard Shows Off Its Vision of the Future of Mobile Commerce September 12, 2013At its Innovation Showcase in New York City MasterCard demonstrated a number of new capabilities to elevate customer experience in mobile commerce. Number of Undercapitalized Banks Falls To Lowest Level in Five Years September 12, 201326 banks were considered undercapitalized as of June 30, according to research from SNL, compared to 38 the same time last year.
Making Personal Finance Social Spotlighted At Finovate September 11, 2013Making it easier to pay friends and manage family finances collaboratively was a clear theme among the many new financial services tools presented yesterday at Finovate Fall in New York City. ClearXChange Names New CEO September 10, 2013Former Wells Fargo executive Michael Kennedy says mobile p2p payments will continue to grow.
Barclays Puts the Safety Deposit Box in the Cloud September 09, 2013Barclays online banking customers will now be able to scan and upload important documents a cloud-based document storage system. IBM Launches Mobile Loan Processing Solution September 09, 2013The solution is designed to allow banks to engage with borrowers in real-time during every aspect of the loan application process.
How The Cards Business Is Transforming September 06, 2013Mobile capabilities, nontraditional competition and new regulations are among the trends reshaping the cards business. What does it mean for the major players -- and for banks? PayPal’s New App Adds New Payment Options and Shopping Features September 06, 2013PayPal aims to offer more flexible payments options for customers to use their mobile device for in-store purchases, and made improvements to the customer shopping experience. SAP Names New Global Head of Financial Services September 06, 2013Ross Wainwright will take over from Simon Paris, who is assuming a new role within the company.
New Yodlee Platform Aims to Speed Up Innovation for Banks September 05, 2013 8 Big Stories Transforming The Payments Landscape September 05, 2013The payments market is emerging as the laboratory where some of the most innovative and disruptive developments in financial services are occurring. What can banks do to capitalize on this transformation? Community Banks, Credit Unions Pump Gas and Create Customers September 05, 2013More than 30 banks and credit unions pumped free gas in 38 cities across the country as part of a campaign to tout the benefits of their institutions to consumers.
Data Management: Regulations and Silos A Top Concern for Banks September 04, 2013Banks are dedicating more resources to data management to comply with new regulations, but are hampered by data silos. Citi Fined by Connecticut for Online Security Breach September 03, 2013The Connecticut attorney general’s office said hackers exploited a vulnerability that the bank knew about long before the breach. BBVA Compass Names New CIO August 29, 2013Gabriel Sanchez Iniesta will replace Sergio Fidalgo, who has been promoted to a new role with parent company BBVA Group. Worldwide Tablet Shipments To Reach 227 Million in 2013 August 29, 2013However, IDC reports that figure is slightly down from a previous forecast of 229 million. Jack Henry Launches Expedited EMV Implementation August 27, 2013The program is available to financial institutions and does not require direct project involvement by card brands for the install.
How to Reach the Underbanked with Mobile Check Deposit August 27, 2013Hope Credit Union is leveraging mobile check deposit to reach low-income consumers in regions hard hit by branch closures. HP, SAP Partner on Data Analytics August 27, 2013The partnership will allow HP clients to deploy SAP's Hana in an as-a-service model. Citi, e-Cycle Partner on Recycling, Charity August 26, 2013The bank collected mobile devices no longer being used from their employees to be recycled, and in turn used the money received to donate to several charities.
Want to Grow Your Bank? Embrace These 3 Mandates August 23, 2013Advisory firm KPMG released a report highlighting challenges and opportunities banks face in the current business environment. Why Contact Centers Are Key To Banks' Multi-Channel Strategies August 22, 2013Jerry Silva, newly named head of the global retail banking practice at IDC Financial Insights, says poor performance in the call center can scuttle banks' efforts to improve customer experience. Bank of America Tops 1 Million Small Business Mobile Banking Users August 20, 2013The bank credited the growing need for flexibility in banking activities among small business owners for their continuing mobile adoption. Antiquated Systems and Lack of Data Undermining Stress Tests August 20, 2013A recent Fed report noted several issues - including some data and IT deficiencies - that are leading to inaccuracy in banks’ stress tests. Jerry Silva To Lead Global Retail Banking Practice At IDC Financial Insights August 20, 2013Areas of focus for the long-time financial technology industry expert will include IT governance, customer channels and back office. See more news