With 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?
Banks are exploring the cost and flexibility benefits of cloud-based security services. But to gain the advantages of using outside providers for security, they'll have to boost their vendor management capabilities.
By Mark Herman, Booz Allen Hamilton | July 23, 2013
Data lakes -- massive repositories of information that consolidate structured, unstructured, batched and streaming data into a single table -- could enable integration of different banks' living wills, providing transparency that would help identify hidden risks in the financial system.
New tools are helping banks respond to regulators' demands for better risk management practices. But are they prepared for a host of new capital and regulatory requirements, not to mention emerging risks?
The underbanked population is growing quickly and is adopting mobile-based financial services at an impressive clip, offering a big opportunity to financial institutions that provide a differentiated mobile experience.