Surviving three most common M&A challenges

From initial discussions to final closing, merging two financial institutions is no small feat. The due diligence phase, which is the most critical component of the entire process, can reveal operational flaws, non-public orders, improper financials and numerous other items that were not apparent in early discussions. Beyond due diligence, however, there are three primary challenges that Read More

By |2020-05-27T18:00:11-05:00April 25th, 2016|Comments Off on Surviving three most common M&A challenges

Battling bank fraud with graph databases

As the world continues its transformation to an always-on status, data breaches and, in turn, fraud, are on the rise. In fact, according to CreditCards.com, data breaches totaled 1,540 worldwide in 2014 with 12% of those breaches occurring in the financial services sector. While fraud is not completely preventable, there are approaches banks can take to significantly Read More

By |2020-05-27T18:00:12-05:00April 12th, 2016|Comments Off on Battling bank fraud with graph databases

Leadership and technology for global financial services innovation

The financial services world changed forever following the financial crisis, but not just because of the economic environment. Sure, the economy had an impact on the way regulatory requirements were established but the real driver of change has been the consumer. Faced with increasing expectations, changing behavior and advancing technology, some leading financial institutions have successfully recognized Read More

By |2020-05-27T18:00:12-05:00April 11th, 2016|Comments Off on Leadership and technology for global financial services innovation

Strategic vendor management now a necessity

We are seeing a very fundamental shift in the focus and importance of vendor management. To a large extent, this is the result of the confluence of events that, taken together, point to the need to change the entire approach to vendor management at banks.First, we have become an industry that has outsourced. This is not a Read More

By |2020-05-27T18:00:12-05:00April 5th, 2016|Comments Off on Strategic vendor management now a necessity

Redefining the top-of-wallet customer

Influencing a customer’s decision to choose a specific credit card for any given transaction from her wallet can be challenging for card issuers. In the typical lifecycle of managing a bankcard customer, driving activation and usage is one of the most critical aspects of engagement.This is indeed a challenge for issuers, because consumers have many options available Read More

By |2020-05-27T18:00:12-05:00March 29th, 2016|Comments Off on Redefining the top-of-wallet customer

The next generation of core systems, maybe

Core data processing at one time was a massive and diverse business that included dozens, if not hundreds of organizations.  Some of the most recognized names in financial technology once operated vast and large data centers scattered about the United States.Recently, I found a copy of the now-defunct Federal Savings & Loan Insurance Corp. magazine from 1985 Read More

By |2020-05-27T18:00:13-05:00March 22nd, 2016|Comments Off on The next generation of core systems, maybe

Banking technology changes in 2016

2015 was a key year of change for the banking industry, with disruption and innovation taking center stage. The pace of change is set to accelerate further in 2016, driven by the continued proliferation of technology, the emergence of non-traditional players across the banking value chain, overall pressure on banks’ bottom lines and evolving customer expectations.As a Read More

By |2020-05-27T18:00:13-05:00March 15th, 2016|Comments Off on Banking technology changes in 2016

Think simple for digital transformation

A recent report on The Disruption of Banking by The Economist highlighted that more than half of the banks are either ignoring the Fintech trend, or talking but not doing anything about it. In 2016, we are now seeing banks finally starting to tackle the emerging trends by partnering on many fronts, utilizing application program interfaces (APIs) Read More

By |2020-05-27T18:00:13-05:00March 9th, 2016|Comments Off on Think simple for digital transformation

Enlisting the customer in fighting payments fraud

The level of fraud protection afforded to a business when conducting a transaction is very different from the level of protection offered to consumers. Consumers are allotted sixty days to dispute an unauthorized transaction while businesses are limited merely two days to report fraudulent activity, due to regulations like Article 4A of the Uniform Commercial Code.Although businesses Read More

By |2020-05-27T18:00:13-05:00March 8th, 2016|Comments Off on Enlisting the customer in fighting payments fraud

FinTech for startups and Techfin for bankers

In conversation with bankers and start-up executives, it is clear that there is a differing view of the world. It is not as clear-cut as nimble innovator versus dinosaur incumbent, which is how many portray this chasm of difference in thinking, but there is a difference in thinking. In fact, it’s a radical difference in thinking, perhaps Read More

By |2020-05-27T18:00:13-05:00March 4th, 2016|Comments Off on FinTech for startups and Techfin for bankers