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. 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. Cutting Complexity Out of Mobile Payments March 03, 2014The announcement by MasterCard and Visa that they will support Host Card Emulation could set a simpler path for mobile payments innovation and adoption. 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. The Regulatory Pressure Cooker: Retail Banks Evaluate Their Budgets February 27, 2014Banks must spend wisely on the increasing regulatory burden. Sun National Names New COO February 27, 2014Jack Allison will oversee IT, as well as several other departments, at the bank.
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. Let's Be Friends: Banking & Merchant Trade Groups Launch Cybersecurity Partnership February 14, 2014After weeks of finger-pointing regarding responsibility for responding to recent card breaches, 13 trade groups say they will cooperate on information sharing and improved card security technology. Leveraging Data and Analytics to Circumvent Legacy Systems Challenges February 13, 2014With new data and analytics solutions banks may be able to improve their product development and speed-to-market, and put off the question of a core replacement indefinitely. 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.
Banks Beware: Companies Seek Growth Across Traditional Industry Boundaries January 27, 2014New research from Accenture identifies financial services as one of six "digitally contestable markets" ripe for disruption from competitors in other businesses. Online Account Opening Goes Mobile, Research Suggests January 21, 2014New data from Andera shows more consumers are completing new account applications on their mobile devices. Executing on an Effective Data Agenda January 10, 2014Here's how to utilize data to achieve profitable decision-making.
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. 2014 Forecast: Many Community Banks to Increase IT Investment Next Year December 27, 2013Many community banks are planning to increase investment in IT and new products and services like mobile banking and payments. 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. What Banks Need to Know About the Iran Sanctions Deal November 27, 2013Even though sanctions are being eased, this week’s deal doesn’t mean banks’ compliance teams can reduce their AML and monitoring activities. BBVA Compass Offers New Accounts for Both Digital and Branch-Centric Customers November 25, 2013BBVA Compass’s new accounts aim to attract customers who favor the branch or online channels.