Recent Stories

Compliance Drives Bank Business Improvements, Sometimes

Compliance Drives Bank Business Improvements, Sometimes

Financial organizations are spending vast amounts to comply with new regulations, but they aren’t building on that investment to improve their business, according to a recent survey by the UK-based GFT consultancy. “Despite a deep understanding of the impact of…
Some Banks – Quietly – Use Big Data

Some Banks – Quietly – Use Big Data

Banks have been slow to use the data they possess, but now a few are venturing into Big Data, although without much fanfare. Abhi Mehta, CEO of a Big Data specialist, said one problem is that most bankers don’t
Federal Reserve Releases Faster Payments Roster

Federal Reserve Releases Faster Payments Roster

The Federal Reserve has published its roster of its Faster Payments Task Force, which will study the methods for achieve real-time payments in the U.S. The goal is to Identify and evaluate  approach(es) for implementing a safe, ubiquitous, faster…
Turkey’s Garanti Bank Captures Elusive Millennials

Turkey’s Garanti Bank Captures Elusive Millennials

Banks everywhere are talking about how to attract and retain Millennials, who say they would rather go to the dentist than enter a…
Location And Weather Data Improve Profits And Emergency Response

Location And Weather Data Improve Profits And Emergency Response

Location isn’t just about real estate anymore. For a commercial lender financing nation-wide recreational equipment dealers selling boats and RVs, GISi offers a combination of weather forecasts and mapping. It partners with Esri, the mapping, data, and…
Banking via ATM

Financial Services Customers Are Fed Up

Either Accenture is a magnet for financial services malcontents, or an awful lot of consumers are very annoyed with their banks and insurance companies. Accenture’s insurance survey, which I wrote about last week,
Faster Payments Moving Ahead Slowly In The U.S.

Faster Payments Moving Ahead Slowly In The U.S.

The ACH payments network in the U.S. — the one that takes several days to transmit a payment — was almost overpowered at the recent NACHA conference in New Orleans by new tech firms offering real-time payments. NACHA is on…
Businessman Organizing Sticky Notes on Wall

Banking Compliance Paperwork Measured In Eiffel Towers

PJ Di Giammarino leans on the Eiffel Tower when he talks about regulatory compliance in financial services. “In the last 5 years, the industry has had…
Fed Faster Payments: Steely Resolve Behind The Charm?

Fed Faster Payments: Steely Resolve Behind The Charm?

Although The Fed Strategies for Improving the US Payment System paper which came out last month is full of talk about collaboration, payments professionals point out it has more push…
New SEC Swaps Rules Could Impact Dealers

New SEC Swaps Rules Could Impact Dealers

The SEC has reopened its possessed rule governing the use of collateral held by security-based swap dealers (SBSDs) — a proposal which would effectively ban rehypothecation — the use of the collateral by dealers as a source of funding. In…