Banks Must Approach Third Party Contracting Differently in Today’s Highly Regulated Environment May 16, 2013Vendor management is becoming more important from a compliance standpoint as regulators scrutinize banks’ third-party relationships, and achieving that compliance begins with crafting a clearly defined contract. The Nexus of Forces and Software Quality in Banking April 18, 2013As banks struggle to deal with the emergence and convergence of cloud, social, mobile and big data, some banks are improving software and application development and management by centralizing their testing of new software solutions. Does Your Vendor Management Program Prevent or Promote Cyber Attacks? April 05, 2013With cyber attacks a growing concern for financial institutions, here are some steps banks can take to ensure security against such attacks in their vendor chain. Risk In The Supply Chain A Growing Concern for Banks and Regulators March 01, 2013A new white paper by Information Services Group argues that banks are falling short of regulatory standards in managing supply chain risk and governance. Core Banking Systems Winners And Losers December 03, 2012Don Free, research director at Gartner, shares his views on how the core vendor market is changing, and what banks and vendors must do to stay competitive, with BS&T associate editor Jonathan Camhi. Red Flags in Cloud Vendor Management October 15, 2012Seven often overlooked components that put compliance in jeopardy – and how to address them. Capital One Bank To Pay $210 Million in Refunds and Penalties for Deceptive Marketing Practices July 18, 2012Capital One agreed with regulators at the CFPB and the OCC to pay penalties and customer refunds for failing to monitor its vendors that were deceptively marketing its credit products. ACI Deal for S1 Clears Legal Hurdles, Will Benefit Banks February 07, 2012Now that ACI's acquisition of S1 has cleared legal hurdles, the new company can focus on the product synergies that drove the deal. And other bank tech vendors are likely to pursue similar consolidation. SAP vs. Oracle: Customers Avoid Choosing Sides August 03, 2011Will it be the apps vendor's innovation or the stack vendor's one-stop shop? IT hedges its bets. One Bright Spot in Banking: Technology Providers October 18, 2010Today's core banking software company executives tend to have humility, responsibility and equal parts of modesty blended with chutzpah. BofA, Citi, IBM Create Portal for Small Suppliers September 21, 2010Website provides simplified application process for small businesses seeking to become suppliers to large companies.
Q&A: Lamar Chesney, SunTrust's CPO, on Managing Spend and Bringing Vendor Relationships to a "Nirvana" State August 27, 2010The bank is using software to manage contract compliance, philosophy to manage supplier relationships. Western Union Moves to Further its Mobile Presence July 30, 2009 Time for ID Theft Victim’s Bill of Rights, Industry Group says. February 24, 2009Crisis is making a bad problem worse, says The Santa Fe Vendor Council. 2009 Outlook: Tech Investment Is Key to Banks’ Recovery January 08, 2009 Banks Increasingly Are Creating Vendor Management Offices July 28, 2008The vendor management office takes on a greater role as regulators pressure banks to run tighter ships. Doing so while maintaining a climate of collaboration is the key to success. RealEC Connects Lenders to Mortgage Services Providers June 19, 2008Commerce Bank manages mortgage services providers via a collaborative partner network. Lending Tech Vendor Space to See Realignment November 26, 2007In the face of the credit crunch, some lending tech vendors find opportunity. Vendor Management Organizations Maximize Vendor Value and Reduce Risk September 22, 2007SVB Financial's independent Vendor Management Office drives the entire vendor relationship life cycle. Wells Fargo's Wayne Mekjian Discusses Vendor Working Group August 26, 2007Wells Fargo's Wayne Mekjian learned early on to step back and look at the big picture when it comes to technology decisions.