The CFPB Goes Mobile To Collect Customer ComplaintsMay 16, 2013With many Latinos in the U.S. accessing the internet primarily through a mobile device, the CFPB has optimized its new Spanish language website for an interactive mobile experience.
More Bang for the FATCA BuckMay 10, 2013In the final article in a three-part series on FATCA compliance, we explain why banks need to look for solutions that help them collect and analyze customer identification information to help with compliance in multiple areas beyond FATCA.
Devil in the Data: Making the FATCA Deadline Requires AutomationApril 25, 2013In the second of a series of articles on FATCA compliance we explain why banks need to look for a centralized technology solution that circumvents data silos to get a full view of their customers who can be affected by FATCA.
Cyber Security – Avoid Prescriptions When Keeping Up With ThreatsApril 19, 2013Banks are part of a interconnected ecosystem with law enforcement, vendors and other critical industries when it comes to cyber security. New cyber security regulations should help to facilitate cyber security efforts among these players instead of burden banks with a checklist of to-do’s.
Can Your Bank Make the FATCA Deadline without Jeopardizing Your Business?March 29, 2013Over the next month Bank Systems & Technology will run a series of articles from experts at Capgemini concerning the upcoming FATCA regulations. This article, the first in the series, explores five strategies to meet the FATCA deadlines without h
Commission Considers Good and Bad of British BankingMarch 28, 2013The Archbishop of Canterbury
has spent the run up to Easter contemplating the ethics of the
trading floor and ways to curb greed in the City of London.
CFPB Makes Complaint Data PublicMarch 28, 2013The database contains some 90,000 searchable complaints on mortgages, student loans, bank accounts and services, other consumer loans, and credit cards.
Temenos Acquires U.S. SAAS Core Banking Provider TriNovusMarch 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.
Basel Committee Cracks Down on Capital-Protection Ploy at BanksMarch 22, 2013Global regulators have proposed
hefty charges to cancel out capital relief banks enjoy when
buying pricey insurance to cover risky loans without
acknowledging the cost in a timely way.
JPMorgan Ignored Risks, Fought Regulators: Senate ReportMarch 14, 2013JPMorgan Chase & Co
ignored risks, misled investors, fought with regulators and
tried to work around rules as it dealt with mushrooming losses
in a derivatives portfolio, a Senate report alleged in a damning
review of the largest U.S. bank's managemen
State-Free Bank Safety Net Still Work in Progress: RegulatorsMarch 13, 2013Reforms to the world's financial system still fall short of ensuring that big and systemically important banks will not need to be bailed out by governments if they fail, regulators say.
Who is Your Borrower in a Virtual World?March 08, 2013Regulations are murky in defining how banks should verify customer identity when a new customer opens an account or credit line through digital channels, but best practices are emerging to help banks with customer identity verification in those instances.
U.S. Auditor Watchdog Criticizes PwC on Quality ControlMarch 07, 2013The U.S. regulator of corporate auditors
criticized PricewaterhouseCoopers on Thursday for not
doing enough to ensure its audits were properly carried out, in
a rare public reprimand of a major accounting firm.
Banks Urge U.S. Judge to Throw Out Libor LawsuitsMarch 05, 2013Banks facing a barrage of
lawsuits from customers accusing them of interest-rate rigging
argued on Tuesday that the cases should be dismissed, saying
there is no evidence of antitrust or other violations.
