News Archive from October 24, 2013
PayPal Is The Most Trusted Brand For Mobile Wallets, Says Survey October 24, 2013PayPal tops Google, Apple, Facebook, and Amazon as the most trusted brand for mobile wallets according to a survey by Javelin Strategy and Research. Survey: Majority of Employees Ready to Break BYOD Policies October 24, 2013A survey by Fortinet, a network security company, found younger employees are often willing to break company policies around personal mobile devices and cloud usage. HSBC Launches Cash Management Tool in China October 24, 2013The solution enables corporates to submit cross-border payment documentation electronically.
Bank IT Spend Projected to Reach $215 Billion in 2014 October 23, 2013Financial Services firms overall are estimated to spend $430 billion in 2014, according to IDC financial Insights.
SAP And SAS Partner On Big Data Analytics October 23, 2013SAP and SAS announced yesterday they will be partnering to offer SAS analytics applications on SAP’s HANA platform. Voice of the Customer Programs on the Rise October 23, 2013New research from Temkin Group finds that an overwhelming number of companies report that VoC programs deliver positive business results.
Banks Spending More on Innovation: Report October 22, 2013A new survey from Infosys and EFMA finds that 77% of the banks polled are increasing investment in innovation, compared to 13% in 2009.
Silicon Valley Bank Partners on Coding Competitions October 21, 2013The bank and other institutions are partnering to create the next generation of tech workers.
Bank of America Wholesale Division on a Journey of Transformation October 18, 2013The bank's CIO for Global Wholesale Banking Technology & Operations Bill Pappas is leading an infrastructure evolution.
IBM Develops NFC Authentication Technology October 18, 2013The technology is designed to protect NFC-based mobile transactions from hackers. Most Consumers Want P2P Payments from Their Bank, Survey Finds October 17, 2013A new survey from Fiserv showed growing use cases and interest among consumers for P2P payments provided by banks. IPad Account Origination App Helps Fairwinds Credit Union Engage New Customers October 17, 2013Growing out of a partnership with University of Central Florida, the credit union has opened more than 1,500 student accounts with the new app. Gartner: Majority of Banks Will Turn to Cloud for Processing Transactions By 2016 October 16, 2013Gartner released its IT predictions for vertical industries yesterday, which included forecasts on the growth of cloud in banking and changes in consumer behavior. Low Value Transactions: A Mobile Payments Dilemma October 15, 2013Lowering processing costs cloud open up an opportunity for mobile payments to gain traction in low value payments. Number of Failed Banks Half that of 2012 October 15, 2013So far this year, 22 banks have been shuttered, compared to 43 this time last year, according to new research.
Where Are They Now? BS&T's 2012 Elite 8, One Year Later October 14, 2013Core systems modernization, customer experience-related initiatives and supporting regulatory compliance are among the top priorities keeping BS&T's 2012 Elite 8 honorees busy since they were recognized a year ago. Here are updates on the challenges and projects that some of the executives have been tackling in the past year. ClearXchange Adds New Bank Member October 11, 2013Colorado-based FirstBank is the first non-founding member to join the p2p payments network.
USAA's Greg Schwartz Keeps IT's Focus On The Customer Experience October 10, 2013At USAA, CIO Greg Schwartz leads an IT organization whose mission is to innovate on behalf of its active and retired military member customers. HSBC Australia Appoints New Head of Payments and Cash Management October 10, 2013Simon Babbage will focus on delivering global cash and liquidity management services in Australia. U.K. Treasury Creates Payments Regulator October 10, 2013The goal of the new office is to increase competition in the payments industry in the U.K.
Consumers Looking for Convenience In Mobile Security Measures October 09, 2013Consumers are not taking basic steps for securing their mobile devices, but show an interest in more convenient security methods like biometrics, a new PayPal study found. Mercantile Bank of Michigan Leverages Unique Partners in Online and Mobile October 09, 2013John Schulte, Mercantile Bank's CIO, is never shy about partnering with new companies that have little or no experience working with banks. JPMorgan Chase Names Former BP Exec Its New CIO October 08, 2013Dana Deasy, who oversaw a massive IT overhaul at the troubled energy company, brings crisis management experience to the bank, where he will have global responsibility for technology systems and infrastructure at the bank. Bank of America: Building A Sleeker, More Efficient Bank October 08, 2013Bank of America's Bridget O'Connor oversaw a huge legacy system conversion while also fashioning the bank's branches for the future. Mitek, Experian Partner on Mobile Account Opening Solution October 07, 2013The solution will combine Mitek's mobile photo bill pay with Experian's fraud prevention platform.
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