Four Bank Tech Predictions For 2014 December 04, 2013An uptick in cloud usage and continued innovation in the payments space are among trends we can expect to see next year. Risk and Finance: Joining Forces At Last? December 02, 2013Culture plays a critical role in joining these two departments. 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. Staying Ahead of the Compliance Game November 19, 2013Financial services firms are struggling to keep up with new regulations.
2014 an Uncertain Year in Mortgage Industry November 15, 2013New regulations and likely declines in loan origination levels portend a difficult year for mortgage bankers. Why Compliance and Customer Experience Go Hand-in-Hand November 12, 2013Winning the compliance battle can also helps to better engage customers. Latest PCI Standards To Cut Cardholder Footprint November 11, 2013PCI Council published its latest data security standards last week, with a focus on improving merchant awareness of security issues as they adopt new technologies. SAS Upgrades Risk And Compliance Solution November 07, 2013The service is designed to help banks better deal with changing regulatory standards.
The New Risk Management Frontier for Financial Institutions November 04, 2013Disparate spreadsheets and outdated reconciliation systems increase risk exposure by preventing banks from clearly seeing and understanding their operations. 5 Insights On Industry Preparations for FATCA November 01, 2013A recent study shows that banks are pushing forward on FATCA compliance but are in need of clarification from regulators about some requirements. Bank IT Spend Projected to Reach $215 Billion in 2014 October 23, 2013Financial Services firms overall are estimated to spend $430 billion in 2014, according to IDC financial Insights.
Securing Mobile Content: Addressing The DropBox Problem October 02, 2013Consumerization and BYOD policies are creating new risks as employees use insecure and unapproved consumer storage and file-sharing solutions. Regulatory Compliance -- Pay Now Or Pay Later September 13, 2013J.P. Morgan Chase is going to spend $4 billion to address risk and compliance problems. Did it have to go this way? Data Management: Regulations and Silos A Top Concern for Banks September 04, 2013Banks are dedicating more resources to data management to comply with new regulations, but are hampered by data silos. Citi Fined by Connecticut for Online Security Breach September 03, 2013The Connecticut attorney general’s office said hackers exploited a vulnerability that the bank knew about long before the breach. Antiquated Systems and Lack of Data Undermining Stress Tests August 20, 2013A recent Fed report noted several issues - including some data and IT deficiencies - that are leading to inaccuracy in banks’ stress tests. Regulators Take Closer Look at Bitcoin August 14, 2013The Senate committee on homeland security and the New York State Department of Financial Services are both examining new ways to regulate virtual currencies. Regulators Fret Over Asset Quality August 14, 2013U.S. banks and credit unions report asset quality as the number one focus for regulatory examiners. New Oracle FLEXCUBE Upgrade Helps with FATCA Compliance August 13, 2013Oracle’s newest release of its FLEXCUBE core banking product includes tools to help with regulatory requirements and launch new delivery channels. Wolters Kluwer Launches Monitoring Tool for Loan Portfolios August 06, 2013Wolters Kluwer Financial Services rolled out a stand-alone manager tool that monitors loan portfolios in real-time.