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.
What's Behind Pandit's Resignation from Citigroup?October 16, 2012Conflicts with Citigroup's board may have spurred the unexpected resignations of CEO Vikram Pandit and president/COO John P. Havens; Michael Corbat promoted from Citigroup's CEO of EMEA to CEO and director of Board.
Mortgage Losses Lead to Bank LayoffsDecember 15, 2007Despite massive layouts in the wake of the mortgage crisis, financial services IT hiring is expected to rise in 2008.
A New Era In The Banking Technology Business?May 14, 2007Recent news about Citigroup's restructuring and IT staff cuts, as well as private equity firm investments in bank systems vendors First Data Corp. and Metavante could signify a new era of restructuring within the banking technology business.
Big DealsJune 29, 2005U.S. Bank Contracts Vicor; IBM and Fiserv in Australia; Wood CNB Deploys ATMs; Synovus Picks Viewpointe; Princeton Goes West; Superior FCU Selects Symitar; Yodlee Gets PassMark; DI and Metavante Team; MasterCard Rewards GE; Standard Picks SunGard
Online Bill Pay Makes StridesNovember 16, 2004Online bill payment has made some significant strides in the past two years. In 2004, Celent estimates that 17.7 billion bill payments were made by consumers in the US.
Damning with Faint Praise November 30, 2003The winner of last month's "Now you tell me!" award was Charles Prince, Citigroup's recently named CEO, who stated in a presentation about the institution's global corporate and investment bank, "The era of the transformational merger is over."
And the Winner Is: Biller-Direct or Consolidator?August 26, 2003In electronic bill payment and presentment, the biller-direct model appears to have defeated the consolidator model. But it may be too early to declare a winner.
