Thanks to deployment of technologies such as data warehouses and analytical tools, banks pursuing business intelligence strategies are reaping benefits in terms of greater profitability, improved service and stricter regulatory compliance.
The topologies that make SANs cost effective and manageable also make them more vulnerable to security breakdowns. Here's what MasterCard has already done about it, and what other companies should consider.
Banks that create and maintain check image archives on behalf of their customers have control over a potentially valuable source of marketing information. But tapping into that information requires careful consideration of state and national laws.
Banks are racing to comply with the USA PATRIOT Act's requirements that terrorists not be allowed access to the financial system, such as by assuming a false identity in order to shift funds electronically from one account to another.
By Vijay Balakrishnan, Alogent Corporation | June 27, 2003
Because the financial services industry is an integral cog in the mechanics that drive personal and business commerce, it remains in a constant state of evolution as it attempts to mirror the needs and desires of its customers.
Restoring confidence in American business will require better rules, improved access to information, and the stricter corporate governance provisions of the Sarbanes-Oxley Act, said regulators, policymakers and executives at a recent conference.