June 2009

banks are making the move to SaaS

06.23.2009

More and more financial institutions are making the move to utilizing Software as a Service (SaaS) instead of incurring the expense and required internal effort to setup and maintain in-house software solutions. Let me point out that SaaS applications are not about to replace core banking systems anytime soon. However when it comes to managing discretionary services that are free of risk when it comes to identifying personal information (see previous post) financial institutions both large and small are now seriously considering such applications.

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the new single regulator for banks

06.17.2009

Don’t hold your breath just yet, but I think the US Administration may be getting ready to announce the new primary regulator for the banking industry – the Federal Reserve! There are also a few more moves being telegraphed ahead of tomorrow’s announcement.

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can customer data be protected?

06.16.2009

A headline from Finextra caught my attention this week – “Financial institutions have lost battle to protect customer data”. Lost the battle? As in past tense? Oh-oh!!

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to tweet or not to tweet?

06.04.2009

I am at the point of screaming UNCLE! I can not believe the number of friends and associates who, once they discover I have a blog, want to know if I use Twitter. Many of them can’t even begin to describe what Twitter is, beyond something their children use. Equally I can not ignore the overwhelming advice I receive in blog related “help” publications to integrate with Twitter.

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banking on tomorrow in the US – sole-source policy control

06.02.2009

According to a number of stories in recent media (new an traditional) the US Treasury with support from other concerned interests is about to propose what could amount to paradigm shift for the banking industry. According to reports, Treasury Secretary Timothy Geithner and others will be sponsoring a proposal to Congress for the creation of a new government agency whose responsibility will be as the ultimate and only banking sector regulator.

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