At the recent SAS Financial Services Executive Summit, bankers gained insights into how to address the challenge of aligning technology and business in the age of big data analytics.
After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email.
Fraudsters have developed a variety of methods for initiating fraudulent wire transfers, but a security approach based on data and analytics from customer behavior can be an effective countermeasure to these wire fraud schemes.
This article - the first in a two part series - looks at the successes some banks have had with e-signature adoption and examines some of the remaining barriers regarding regulation and organizational silos that still exist in adopting e-signatures in the financial services sector.
This article - the first in a two part series - looks at the successes some banks have had with e-signature adoption and examines some of the remaining barriers regarding regulation and organizational silos that still exist in adopting e-signatures in the financial services sector.
Rewriting the KYC PlaybookJanuary 18, 2013Banks must address the "V3challenge" -- questions around variety, velocity and vagueness -- in order to achieve better bank counterparty due diligence, as part of Know Your Customer compliance.
HP Layoffs Signal Punishing FallMay 21, 2012Unless HP can turn enterprise software, cloud services, or some other line into a high-volume, high-margin business, it's in for a world of hurt.
Banks Push Hadoop Envelope to Open Big Data's SecretsFebruary 04, 2012Finding that traditional database technologies reach their limits when confronted with Big Data, banks including Zions Bancorporation are exploring Apache's Hadoop open source platform to enable deeper analytics.
5 Community Banking Predictions for 2012January 11, 2012In 2012, community banks that put effort into improving their use of technology will be better equipped to serve customers, improve efficiency, control costs and find new growth opportunities.
Compliance Doesn't Have to Be Painful for BanksDecember 21, 2011Facing an ever-intensifying regulatory environment, banks are expected to spend more on risk management than ever before. But there is a silver lining: Many of the new standards with which banks must comply can help make their operations more efficient.
Banks Are Driving ERM Programs, But Believe Their Risk Technology Needs WorkFebruary 18, 2011A Deloitte survey shows that an impressive 86% of banks have chief risk officers and 79% have an enterprise risk management program in place or in progress. But the numbers of those happy with their current risk technology are much lower.
Banks' Technology Response to Regulatory ChangesJanuary 19, 2011Meeting the Dodd-Frank Act's ongoing and evolving regulatory demands will require banks to make significant investment in data and analytics.
