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financial institutions - News, Features, and Slideshows
Leading on technology is a “life-and-death matter” for Commonwealth Bank, according to CEO Ian Narev.
Security concerns have delayed the release of Commonwealth Bank’s Android-based EFTPOS terminal, CBA executives have revealed.
Eftpos has switched on new centralised payments infrastructure that is meant to speed up the rollout of products including Eftpos online and mobile payments.
Banks can win against the fast-growing PayPal because they are more trusted by customers, according to Bendigo and Adelaide Bank managing director, Mike Hirst.
Westpac’s move to supporting Android and Windows Phone devices “is another nail in the BlackBerry coffin,” according to independent telecom analyst Chris Coughlan.
Whitepapers about financial institutions
Outsourcing has become a critical component of management of financial institution operations. Consequently, the Office of the Controller of the Currency (OCC) and the Federal Reserve Board (FRB) recently issued guidance on how financial institutions should manage third-party risks. • Institutions are outsourcing increasingly complex and sensitive banking and financial operations to third parties • The guidance issued by each agency has particular relevance to outsourcing transactions and provides companies with a roadmap of the key areas of concern to regulators • Many of the suggestions in the OCC and FRB guidance concern provisions of outsourcing agreements where vendors often push back