No digital wallet can reach ubiquity if it is limited to big-box stores. Mobile solutions have to percolate down at the local coffee shop as well, where they can become part of the customer's daily grind.
Financial institutions cannot continue to be hampered by costly, ineffective legacy data management systems that are not up to evolving needs. It's time for a change.
A BankThink post on the snail's pace of payments sparks a discussion of how red tape stops financial institutions from leveraging social media. Have banks hit a social media stalemate?
The 2008 crisis bruised nonfinancial companies that rely on the markets to raise money and hedge risk. Take it from consumer goods makers - global standards like LEI will make doing business easier, in good times and bad.
Risk management is fundamentally a social science built on market data that sometimes misbehaves. The models are fed by crucial assumptions about the likelihood of different market outcomes.
Banks must be selective of the practices they borrow from online retailers. Survey says: customers want to get in and get out and they hold banks to higher standards.
We are all aware of the dangers of not protecting our data. Seeing first-hand the actual threats in action brought home the impact of security breaches.
