Facebook Getting Into the E-Money Game April 14, 2014The social media giant has reportedly applied for a remittance license in Ireland.
UK Banks Plan Big Investment in IT: Report March 31, 2014A survey of UK financial services firms finds that IT spending is expected to grow rapidly over the next 12 months.
Fighting the $3.5 Trillion Fraud Problem March 20, 2014IBM launches new software and consulting services to help organizations use big data and analytics to reduce the costs of fraud and financial crime. Leveraging Location Tracking for Security and Compliance in RDC March 10, 2014WAUSAU is launching a new service to help banks keep track of where remote check deposits are occurring to help with KYC and AML compliance. Why Bitcoin Won’t Die March 07, 2014Despite the headlines following Mt. Gox, Bitcoin is stronger and more resilient than it appears. Taking the Next Step in KYC and AML Compliance March 06, 2014Regulators are demanding more and more from banks’ KYC and AML monitoring, making it increasingly necessary for the industry to collaborate on this costly area of regulation. Community Banks Can Gain From Large Bank Customer Dissatisfaction: Survey March 05, 2014A recent poll of large bank customers found dissatisfaction with their primary bank, but a lack of willingness to switch.
Major Banks Sign Up for SWIFT’s KYC Registry March 05, 2014SWIFT aims to cut complexity and cost in compliance with a new centralized registry for KYC information that will roll out later this year. A Growing Security Risk in IT Automation February 28, 2014The increasing use of automated processes could expose organizations to new forms of malware if proper monitoring and controls aren’t put in place. Smaller Banks Leverage Partners for Big Data Insights February 25, 2014New technology trends are helping smaller banks take advantage of their data with third-party partners. Upgraded Citi Mobile App Strives to Meet Customer Expectation February 21, 2014The bank sought customer feedback when creating its newly redesigned app.
Help Wanted: Need Banker Willing to Deal With Marijuana Business February 18, 2014Last week’s guidance from regulators gives banks little reason to provide services for legal marijuana businesses. From Appliances to Apps: What Does Digital Mean for Banks’ Products and Services? January 31, 2014Digital disruption is about to up-end traditional bank products and services, and most U.S. banks are not ready for it. Bitcoin: Friend or Foe to Banks? January 31, 2014Some consider virtual currencies a passing fad, while others believe banks should be keeping a close eye on them.
USAA Tops Among Banks in Forrester Customer Experience Survey January 22, 2014Overall, the banking industry ranked fifth out of 14 measured.
How Legal Pot Makes Compliance More Complex for Banks January 09, 2014Colorado has revealed a new compliance problem for banks that regulators seem unprepared to deal with. Pitney Bowes Hires Ron Totaro As General Manager of Global Financial Services January 08, 2014Totaro will lead Pitney’s global payments and leasing business and work to develop new offerings for financial services customers in those areas. The Anti-Money Laundering Challenge for Community Banks December 18, 2013Only about half of community banks have automated AML monitoring despite several regulatory prosecutions for compliance failures. Fraud And Corruption Trends To Watch In 2014 December 17, 2013Many of the regulatory efforts in the coming year to stem fraud and corruption will have a financial services focus, according to an EY forecast. Securing Machine-To-Machine Connections Through Encryption Key Management December 06, 2013Without best-practice controls, banks expose themselves to the risk of security liabilities and noncompliance with industry and government mandates