Latest Commentary

Anti-money laundering challenges may cause retrenchment from correspondent banking, study shows

Anti-money laundering requirements can be costly and challenging to implement in general. In the correspondent banking world, the challenge can be magnified by multiple additional layers of complexity. This complexity has prompted some banks to pull back from correspondent banking, a recent PwC report argues, creating a new phenomenon in the correspondent banking world known as de-risking.


Looking to bring innovation to the data center

Founded in 2013, the OpenPOWER Foundation is an open technical membership organization that IBM hopes will enable data centers to rethink their approach to technology. Members are encouraged to customize IBM POWER CPU processors and system platforms for their business needs.


Intel Security's McAffee Labs predicts financial sector to be hit by 'integrity' attack in 2016

In 2016 an "integrity" attack in the financial sector will result in millions of dollars quietly redirected to anonymized accounts, according to a Threat Prediction Report released Tuesday by Intel Security's McAffee Labs.


SEC approval of crowdfunding rules prompts Seedrs' immediate announcement of US beta site launch

On Friday the Security and Exchange Commission approved rules to allow companies to sell equity stakes to regular mom and pop investors through crowdfunding. On Monday, U.K.-based crowdfunding company Seedrs already announced that it plans to launch a beta test of its platform in the U.S. within weeks, with an official launch expected in early 2016.


Backers of blockchain aim to boost its image through law enforcement partnership

Bitcoin fortunes may come and go, but the distributed ledger or blockchain technology that underpins bitcoin has steadily gained respect, particularly in the financial services and payments space. The companies that are building business models around blockchain technology, however, are worried enough about the technology's image problem to partner with law enforcement to try to change it.

Amid shakeup, Deutsche Bank announces plans to overhaul IT and create digital bank

In announcing its major restructuring, which will split the firm's investment bank into two units, involve the departure of several top executives and the reshuffling of responsibilities for nearly a dozen more, Deutsche Bank also revealed a new approach to technology.

Goldman will tweet and post earnings news itself, forgoing business wire services

When Goldman Sachs reports its third quarter results early Thursday morning, it plans to distribute the news on its own, bypassing some of the third-party news wire services used by thousands of companies. The move follows several controversies involving independent wire services in recent years, including hacking incidents and scrutiny over policies that gave preferred access to premium subscribers.

Ethical hackers look for security weaknesses before they are exploited

The Department of Homeland Security said it is National Cyber Security Awareness Month, yet Scottrade and the American Bankers Association have both reported breaches in the past week. For those organizations, forensic security will fully unwind the severity of the situation, but firms are increasingly adopting preemptive, or ethical hacking to uncover the weaknesses before they are exploited.

A big week for credit and debit card security

The U.S. credit and debit card industry's transition from magnetic stripe cards to chip cards becomes official this week, as October 1 is the deadline by which card issuers and merchants must make the transition to chip cards and chip card readers or face increasingly liability. While the country's transition is far from complete, the looming deadline has spurred an increase in activity, with some stakeholders scrambling to adopt the technology ahead of the industry deadline.


Open APIs continue to gain steam

Last week the Danish multi-asset trading and investment firm Saxo Bank announced that it would open access to its trading infrastructure with the launch of OpenAPI. It's not alone.