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News

High noon showdown in Texas

It's no secret that cyber-thieves have identified small companies and their bank partners as prime targets. The result for tiny PlainsCapital bank in Texas has been something of a PR fiasco. It... Read more...

Outsourcing trends to watch for

Are banks ripe for more outsourcing? You might think so given the cost pressures and the sheer level of consolidation that is underway. Over time, the industry has gotten much more accustomed to... Read more...

HSBC gets its technology right

All banks would like all their branches and customer contact points to share a common technology platform, to ensure consistency of service, and to unlock a whole range of cross-selling... Read more...

PayPal woes in India hit IT workers?

We sort of take PayPal and similar services for granted these days. We forget that they represent a powerful alternative to banks in some ways. A good reminder comes from India, where the central... Read more...

Data center boom continues in New Jersey

We've suggested that New Jersey is emerging as perhaps one of the key data center capitals of the world. Even with the recession and financial crisis, all signs point to the boom continuing. We've... Read more...

ATM thieves find a new target

Automated teller machines continue to make good targets for thieves. But one could argue that the issue has generated enough awareness in the banking industry that it's become slightly more... Read more...

Bank bet on consumer info aggregation

Aggregation is a tricky issue for top banks. Do you really want to offer tools providing a window into assets that may be custodied somewhere else? The answer seems to be mixed. Bank of America... Read more...

Check 21: An update

Recall that the Check Clearing for the 21st Century Act--commonly called Check 21--took effect on October 28, 2004. The law allows the recipient of a paper check to create a valid digital version,... Read more...

Remote capture trend in the making?

We've talked a lot about using smartphones and devices to deposit money in banks, and we're seeing more activity generally. ClairMail, for example, has just announced it will launch such a service... Read more...

Bank IT spending outlook

Can it get any worse? That's a fair question when it comes to IT spending in the banking sector. The fact is that most banks were forced to ration their IT spending dollars in 2009. Celent predicts... Read more...

Press Releases

National Bank Acquires All the Deposits of Meridian Bank, Eldred, Illinois

Meridian Bank, Eldred, Illinois, was closed today by the Illinois Department of Financial Professional Regulation-Division of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named Read more >>