Cybersecurity in Banking Becomes Even More Important in 2015
Cybersecurity in banking
In a survey of professionals sponsored by IT developer, GFI Software, 43% of participants felt that the major target of hackers and identity thieves would switch from retailers to banks in 2015. The growing complexity of cyber attacks presents a major threat to the US economy and the global financi...
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Banking regulations may be bad for the economy, unbearable for bankers
Banking regulations may be bad for the economy, unbearable for bankers
Are banking regulations getting unbearable for bankers?
Basel III was a long time ago, relatively speaking. Originally published in 2010 and revised in 2011, these new regulations were a direct reaction to the "Great Recession" of 2008. These regulations require higher standards on loan guarantees and forces banks...
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US Banks Payroll Trends / Staffing Reflect Customer Activity
US Banks Payroll Trends / Staffing Reflect Customer Activity
US Banks payroll trends / staffing
Bank transactions involving a teller averaged 5,600 in 2013 falling from 7,600 in 2008 and forecast to drop to 4,800 in 2016. So, how is this affecting US Banks payroll trends / staffing?
As visits to bank branches decline and competition for revenue increases, smaller banks are examin...
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Social Banking and CRM System Useage in Banks
Social Banking and CRM System Useage in Banks
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The operating environment for banks is experiencing change. For example, each year 45% of customers stop at their local branch less than 5 times. In the 18-29 age group, 92% use social media. Surprisingly, the 65+ group is the fastest growing segment and 38% already partake in social media. Visits to social networking sites by financ...
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Which top banks were sued for discrimination over a loan pricing issue?
Which top banks were sued for discrimination over a loan pricing issue?
Everyone knows that qualifying for a loan can sometimes be hard depending on credit market conditions. While loan applications are usually reviewed based on a number of factors such as the ability of the borrower to repay, some large-sized financial institutions look at other things such as race, and often in a very negativ...
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