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Abstract: Following a previous TEC News Analysis on the security of financial transactions, Congress and the White House have agreed to put into place new legislation for monitoring
banking, including on-line
banking. New
banking laws that are more current than today's Depression Era
banking laws need to be crafted to protect consumers, as well as the health of today's financial community. Today's financial institutions risk a host of internet attacks since today's hackers are more knowledgeable about information security than law makers.
PubDate: 10/26/1999
Abstract: Banks face many challenges in today’s dynamic financial services marketplace. Banks must continuously enhance capabilities for risk and financial management to address market, credit, and regulatory environments that are increasingly complex. Thus, process support for your business strategies is crucial—which is why integrated tools are a must-have for financial accounting, cost controlling, risk management, asset-liability management, and profitability analysis.
Abstract: In an effort to improve the state of consumer privacy, Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision, on January last year announced that they have put together joint guidelines to safeguard confidential customer information. The guidelines, that took effect last July, implement section 501(b) of the Gramm-Leach-Bliley Act (GLBA) initiated by the Senate Banking Committee, and passed into law on November 4, 1999. This announcement had significant implications for online banking institutions.
Abstract: As the banking industry goes global, the need to be available 24/7, increased demands for customer service, and reduced budgets have introduced new pressures to small to medium banking firms. And with the ongoing challenges of regulatory compliance, firms need financial services software that can reduce the risk of noncompliance while addressing the scale of their operations. Find out how an integrated solution can help.
Abstract: Before you talk to a payroll services provider, you need to ask yourself several important questions about the current situation of your organization, and to consider its budget, expected growth, and more. Here’s a checklist of some of those questions so you can make the most of your consultation with potential services providers. Get organized and know your requirements before you commit to buying a payroll solution.
Abstract: Recent changes in accounting standards and compliance, along with greater emphasis on managing risk and value, have introduced new key measures of bank performance and made it more important to coordinate the internal and external reporting of financials and risk. To meet these challenges, banks must do their utmost to more fully integrate their accounting data and processes.
Abstract: A decline in customer loyalty has put a great deal of pressure on financial institutions of late. Thus, as banks tailor products and services to meet customer demands, they must also boost revenue. That’s why it’s essential to target your most profitable customers with real-time insight that helps you drive revenue, increase profitability, and build long-term relationships with those customers.
Abstract: Effective planning is integral to the success of a bank. It helps define and ensure the achievement of the organization’s objectives. Understanding and implementing the planning cycle, which leverages forecasting, operational metrics, and multidimensional analyses can help management determine the feasibility of a strategy. An enterprise-wide, integrated planning and forecasting environment that reaches business units, products, customer segments, and geographies can align non-financial performance targets with high-level financial targets and help banks meet their goals.
Abstract: Do you use real customer profiles and statistics to drive marketing efforts, or real employee data for salary or benefit analysis? While these activities are critical to success, they can put you at risk for a data breach. But with a data security system, you can maintain the data’s original properties, while giving clearance for key business activities to proceed. Learn how to assure your sensitive data is protected.
Abstract: For over a decade, SAP has offered industry-specific applications, starting with oil and gas and utilities solutions. Media, insurance, chemicals, banking, and public sector offerings have followed, highlighting SAP's lesser-known side as a market-oriented provider of industry-tailored solutions.
Abstract: Today, almost everything has gone online, from banking to pet food. And every day, new companies are starting up with a purely Web-based business model. This means that established companies have to adopt new tactics to make their online presence felt. All this has fueled the need for a robust Web-centric application infrastructure. Find out about the 10 benefits the J2EE platform can bring to your organization.
Abstract: Risk managers and compliance officials in banking institutions often face problems of how to measure and monitor risk and incorporate risk practices. Solutions to these problems must be linked to decision-making processes, but they also need to increase the speed at which institutions can react to market changes. Can new risk management solutions really deliver compliance in a verifiable, measurable, and timely manner?
Abstract: For many years, business intelligence (BI) has proven to be invaluable for enhancing database information in the retail and banking sectors. But to be truly useful in the manufacturing sector, the manufacturing environment’s existing technology information structure needs to continually inform the BI system. This can now be accomplished more efficiently by embedding BI into the enterprise software itself.
Abstract: To understand the power of cache poisoning and pharming, imagine that you’re logging on to your Internet banking service. The page looks a little odd, but the address is correct, and it has the same fields as usual. You might enter your credentials without thinking twice. Unfortunately, you’ve just provided a criminal syndicate with the contents of your bank account.
Abstract: Client relationship management (CRM) technology can help capital-markets firms streamline investment banking activities, increase brokerage trade volume, and meet compliance challenges. As a nerve center for information about clients, prospects, institutions, syndicate partners, and other contacts, the right CRM system enables capital-markets firms to share intelligence, coordinate activities, and derive advantage from an integrated body of corporate knowledge and relationships.
Abstract: In today’s marketplace, credit unions face competition from community banks, money center banks, thrifts, other credit unions, insurance and brokerage firms, and even large retailers that are expanding into banking services. With competition coming from every corner, credit unions must use technology to their advantage, since it represents a phenomenal opportunity to improve efficiencies, manage costs, and streamline operations.
Abstract: Upgrading to CRM solution increases value of relationships for financial services firm. ScotiaMcLeod (www.scotiabank.com) is the investment arm of Scotiabank, one of Canada's largest financial organizations with over $280 billion in assets. ScotiaMcLeod's financial advisors specialize in helping individuals and small business customers plan financial solutions for trusts, estate planning, borrowing and banking services. ScotiaMcLeod has more than 800 financial advisors working in 84 branches across the country. According to Chris Carter, Associate Director and Branch Manager for ScotiaMcLeod's North Vancouver office, the financial services sector is a people-driven business where customer service is critical to success.
Abstract: Business Bank of California, a subsidiary of Business Bancorp (NasdaqNM: BZBC), has served California businesses since 1984. With assets of more than $620 million, Business Bank of California is ranked fifth of 25 locally based banks in the Inland of Southern California and offers retail banking, commercial, construction, and SBA lending. Business Bank of California operates in 15 locations in California. The branches are strongly focused on providing high-quality, personalized services to small businesses, professionals and consumers.
Abstract: Retail and credit banking specialist LaSer Cofinoga wanted to implement personalized dashboards in order to closely monitor its business activities. The company opted to rethink its legacy infrastructure and choose a next-generation tool. Learn how LaSer Cofinoga’s new dashboarding solution helped the company increase productivity and give managers the ability to measure the efficiency of their departments and processes.