CUA's challenges, and its ultimate success, could prove to be instructive for U.S. banks that have been holding off on replacing core systems due to the expense and disruption related to such a large project.


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Video: Why Bankers Are Struggling to Innovate


Vermont AG William Sorrell
The state is asking Google, Comcast and other companies to stop running ads for companies that can't lend legally to its residents. Bankers are also being urged to be on the alert for illegal loans to their customers.

The Target card data breach dominated headlines last year, but it was just one of hundreds of hacking incidents to hit banks and expose the personal information of their customers, according to Verizon's latest Data Breach Investigations Report.

The influential blogger says it's time for a national debate on the role Experian and other credit agencies play in protecting and consumers' identity and privacy.
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The Buffalo, N.Y., bank's chief operating officer and chief financial officer discuss how M&T is spending tens of millions of dollars toward upgrading compliance with the Bank Secrecy Act and high-tech retail services. Its deal to buy Hudson City hangs in the balance.

Vincent Siciliano, CEO of New Resource Bank
Some banks have built their entire strategy around being ecofriendly while others dabble in this area. Regardless, being environmentally conscious can help bring in new business.

JD Sherry, vice president of technology and solutions at Trend Micro
Most banks' websites are believed to be free of the much-publicized security flaw, but network devices, servers, mainframes and mobile apps could still be at risk.

Banks are aiming to add personal financial management features, including goal-based savings vaults and cash flow forecasting, to standard banking apps like mobile check depositing. Their goal: Turn Gen-Y into a loyal client base.
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Wal-Mart's new "Walmart-2-Walmart" transfer service will enable consumers to send money to each other by using the retail chain's store network.

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The cutting-edge bank — it already offers smart watch apps — is testing the technology on its employees' mobile devices and, if all goes well, it plans to roll it out to its customers by late summer.
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David Tente, the executive director of ATMIA
The ATM Industry Association is examining ways the machines can be used to better reach lower-income consumers. Sending money to someone, paying bills, and loading a portion of a check onto a prepaid card are among the types of transactions the group is envisioning can take place through ATMs.
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The FinTech 100 and the Top 25 Enterprise Companies in FinTech are American Banker and Bank Technology News' annual ranking of the top technology providers to financial services companies worldwide. The ranking is developed in conjunction with IDC Financial Insights and with public relations support from The William Mills Agency.

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