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.
Is Technology At the Heart of BofA's Mortgage Woes?November 01, 2010Wall Street Journal today suggests that dual mortgage systems and faulty scanners have been largely to blame for Bank of America's mortgage foreclosure mess.
The Pressure on Management Is Intensifying as Conditions Continue to Worsen in BankingJuly 28, 2008The recent revelations of the weak financial conditions at Fannie Mae and Freddie Mac, and the run on IndyMac Bank, show that the worst is far from over as the banking industry grapples with the subprime mortgage mess and related global credit crisis.
The Pains of the Global Credit Crunch Are Particularly Acute in New YorkMarch 27, 2008The crisis at Bear Stearns shows the devastating consequences -- from bank failures to stricter regulation -- on the financial services industry of the subprime mess and global credit crisis, especially in the metropolitan New York region, are still unfold
Emerging Global Players Have the Resources To Transform the Banking Technology BusinessDecember 21, 2007Four emerging global "financial power brokers" -- oil-rich countries, Asian central banks, hedge gunds and private equity firms -- are becoming increasingly active in the financial services and business technology sectors, according to a new report by the
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.
