7 Security Predictions for 2014 from Booz Allen Hamilton December 06, 2013The consulting group previewed some of the important trends in cyber security that banks need to keep their eye on in 2014. Australian Bank Improves Business Processes and Customer Experience with Mobile November 26, 2013Westpac, Australia’s second largest bank, is growing its wealth management capabilities with Microsoft's enterprise mobility. Gaining Differentiation & Efficiency Via A Strategic Approach to Technology At Enterprise Bank & Trust November 01, 2013By adopting progressive technologies such as cloud and agile development, Enterprise Bank’s IT's team has shifted its focus from maintaining systems to delivering solutions. 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. 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. How To Improve Credit Risk Modeling For Better Credit Quality October 18, 2013Banks have to evolve their credit risk modeling, and including cash flow in their credit risk analysis for commercial loans is one place to start.
Employee Training: The Key to Security in Enterprise Mobility October 04, 2013New devices and operating systems are making it difficult to implement Bring Your Own Device policies, but employee training is a good place to start. Regulators Fret Over Asset Quality August 14, 2013U.S. banks and credit unions report asset quality as the number one focus for regulatory examiners. Verizon Rolls Out Wireless ATM Connectivity Solution August 05, 2013The solution can be used by banks with remote or off-branch sites such as malls or retail stores, and also be used to quickly recover from natural disasters and outages.
Fraudsters Find New Ways Around Banks’ Online Defenses August 01, 2013Guardian Analytics has detected the increased use of new strategies fraudsters are using to bypass online security strategies that banks need to be looking out for. Risk Management Must Be Priority For All Banks, Not Just The Biggest July 24, 2013Despite the financial and operational challenges of regulatory compliance, investments in modern risk management capabilities must be viewed as an opportunity — not a burden — for all banks, regardless of size. Complement the Core: Going Paperless June 13, 2013In this third article in the series on core transformation, we address why a bank needs to think beyond the core platform itself to achieve true transformation, modernization and efficiency. New TLD’s Can Help Address Online Banking Security Concerns June 04, 2013In the next few years hundreds of new top level domain names will be launched on the internet, which could help banks increase their online security, but also opens up new opportunities for fraudsters if banks are not vigilant. How Technology Turns Stress Testing from a Compliance Challenge to a Competitive Advantage May 29, 2013As regulators demand more detailed stress testing from banks, modernizing loan valuation systems breaking down organizational silos can aid in compliance and risk management. Banks Must Approach Third Party Contracting Differently in Today’s Highly Regulated Environment May 16, 2013Vendor management is becoming more important from a compliance standpoint as regulators scrutinize banks’ third-party relationships, and achieving that compliance begins with crafting a clearly defined contract. Are Spreadsheets Lurking in Your Infrastructure? May 06, 2013Bank management teams should focus on correcting vulnerabilities within their own operations.
Oracle Launches New Compliance and Risk Management Solutions February 22, 2013New Oracle Financial Services Foreign Account Tax Compliance Act Management targets pending FATCA requirements; expanded Oracle Financial Services Enterprise Risk Management suite addresses challenges around stress testing and model risk management. Rewriting the KYC Playbook January 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. Enabling Business Performance Through Cloud-Based Identity and Access Management November 28, 2012Cloud-based identity and access management systems can reduce implementation time and costs for banks trying to keep pace with regulations regarding organizational access controls. UBS Fined By British Regulators For Lack of Internal Controls in Rogue Trader Case November 26, 2012UK regulators levied a fine against UBS today after finding that the bank's weak oversight of its investment operations allowed a trader to book over $2 billion in losses and conceal them for months.