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. Mobile Point of Sale Solutions Could Increase Consumer Card Payments By More $1 Trillion A Year, Study Says April 30, 2013A new report by Javelin says there are nearly 20 million merchants who could start accepting card payments as a result of wider adoption of mobile POS solutions. Mobile Check Deposit Helps Drive Increased Mobile Adoption, Study Finds April 17, 2013Research released yesterday Malauzai Software suggests that banks are seeing increased engagement through the mobile channel after they roll out mobile check deposit. Bank of the West’s New Mobile Feature Makes Checking Balances A Snap April 04, 2013Customers can now see their account balances before they log in with a quick swipe of their smartphone with the bank’s new Quick Balance feature. Big Data: Where to Begin? April 01, 2013 Bank Systems & Technology got an early exclusive look at a report to be released tomorrow by Celent that highlights the difficulties many financial institutions are facing in moving towards a data-driven business model. StrikForce Technologies Files Patent Suit Against Microsoft, Fiserv, First Midwest April 01, 2013The company alleges its patent for an out-of-band authentication system was violated.
Bank Closures Slow in Beginning of 2013 Compared to Last Year March 26, 2013Only four banks have closed so far in 2013 compared to 15 through the first three months of last year. Temenos Acquires U.S. SAAS Core Banking Provider TriNovus March 22, 2013Swiss core banking vendor Temenos announced it is acquiring TriNovus to further its growth strategy in the U.S. to provide a SAAS version of its T24 core banking solution. Top Quotes from SWIFT Operations Forum Americas 2013 March 08, 2013Seven insights about regulatory compliance from the recent SWIFT Operations Forum Americas. Strategic Allocation of Technology Funds is Critical to Ensuring Maximum ROI March 06, 2013Bank IT spending is expected to grow modestly this year so banks will have to be thoughtful about investing in technologies that provide a better customer experience and reduce costs and inefficiencies. Is Mobile Banking Ready For Business? February 11, 2013Lingering obstacles related to security and functionality are all that stand in the way of widespread adoption of corporate mobile banking. Bank Tech Vendor Shakeup Continues: FIS to Acquire mFoundry January 31, 2013Bank tech giant previously held 22% interest in mobile solutions vendor; sees deal as opportunity to leverage technology assets across broader client base. Check Scanners That Detect Fake I.D.'s Help One Bank Fight Fraud January 30, 2013Check scanners from CTS North America have been enabled with technology that detects fake I.D.'s that have helped one community bank secure branch transactions and can authenticate remote check deposits. New Study Finds Bankers Expect Big Challenges And Few Benefits From Dodd-Frank 1073 January 29, 2013Bankers believe Dodd-Frank 1073, which will regulate cross-border-payments and will be implemented this year, will have a negative impact on their payments business, according to a new survey. U.K. Watchdog Closes Lehman Case Against Auditor E&Y January 29, 2013Britain's accounting watchdog
declined to take any action against Ernst & Young (E&Y) over its
auditing of Lehman Brothers before the U.S. investment bank
failed in 2008 and triggered a near meltdown in global markets. More Than Half of Banks Hit by DDoS Attacks Last Year, Study Finds January 23, 2013In a recent survey conducted by the Ponemon Institute, more than half of the banking IT professionals in the study said their bank had experienced at least one DDoS in the previous 12 months. Branch Closures Revved Up in Late 2012, Study Finds January 22, 2013The pace of branch closings in the U.S. more than doubled in the last quarter of 2012 as banks looked to cut costs, a new report by SNL Financial found. Make ‘Em Laugh: 6 Funny Bank Videos That Drive Engagement January 18, 2013Banks may not be thought of as having a sense of humor, but these videos prove banks can laugh, often at themselves.
Security is Final Hurdle to Mass Mobile Payments Adoption January 14, 2013A paper by the Federal Reserve Bank of Boston finds that the ultimate broad adoption of mobile payments will be largely correlated with the security of each mobile platform; and that consumer education and stakeholder collaboration will be equally crucial 4 Areas of Focus for Competitive Advantage in Banking in 2013 January 11, 20132013 may end up as "the year of regulatory implementation in banking," but compliance is not the only challenge facing banks that want to outpace the competition.