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Technology & Information Digitization of Business Processes in Banking
 
KANWAR BIR SINGH
 
Transforming business processes in banking requires moving from automating those processes to true digitization.
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From BAI Banking Strategies Daily

A report issued July 30 by economists from the Group of Thirty says banks must reform their internal culture and meaningfully punish wrongdoing to improve customer service and boost profits.
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Hobby Lobby Stores Inc. and its sister company, Mardel, have filed an antitrust lawsuit against Visa and MasterCard in U.S. District Court in Oklahoma City, arguing that the fees they charge merchants each time a customer swipes a debit or credit card are excessive.
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On July 29, the U.S. House Financial Services Committee passed a measure that would dramatically limit the Consumer Financial Protection Bureau's oversight of auto lending.
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