Marc Hochstein was the editor-in-chief of American Banker from July 2014 to September 2017. He joined the publication in 1998 as a reporter covering mortgages and steadily added responsibility over the years. At one time or another he oversaw American Banker's coverage of consumer finance, payments and community banking; the vibrant opinion blog BankThink; the wildly popular Morning Scan newsletter; and the reinvigoration of SourceMedia's mortgage publications. Marc was responsible for some of the earliest serious coverage of bitcoin anywhere and chaired SourceMedia's successful Blockchains + Digital Currencies conferences from 2014-2017.
-
Pretty rare, it turns out: Less than a third of executives surveyed by SourceMedia Research said their institutions set formal cross-selling targets for staff. And of those with cross-sale incentive programs, nearly half are reconsidering.
December 14 -
When the San Bernardino shooter obtained a loan online, he reportedly used his real name, which wasn't on the government's sanctions-screening list, underscoring the limitations of identity verification technology.
October 25 -
The Wells Fargo scandal is an example of what happens when a system requires you to effectively hand over the keys to your identity to strangers as if you were giving them your car keys. Moreover, it is a call to banks to restore trust and become leaders in fixing the ID problem once and for all.
October 20 -
HSBC has hired Anthony Glover, a veteran of JPMorgan Chase and American Express, to be its head of retail banking in the U.S., a newly created position.
August 15 -
Digital Identity Security Co., a startup, is building an encrypted messaging and identity management platform for the Commonwealth governments. The system would use distributed ledger technology, similar to bitcoin's blockchain.
May 2 -
Prediction markets are the opposite of "yes men" they're designed to induce experts to show what they really think. Could large banks, among the most siloed, opaque and politicized organizations around, use internal prediction markets to learn hard truths?
January 14 -
Maybe disruptors, not bankers, are the ones who need to worry about an abrupt paradigm shift. Though many bankers fear having fintech startups pick off the most profitable parts of their business, history suggests this "unbundling" of banks is a recurring, temporary phenomenon that is generally followed by a period of "rebundling."
January 7 -
Ramamurthi has transformed a 123-year-old institution with one branch serving a dusty Kansas town into a seedbed for disruptive financial technology not to mention a wildly profitable generator of fee income.
December 17 -
The Bank for International Settlements acknowledges that people may have legitimate reasons to prefer an anonymous payment system.
November 25 -
Led by a team of financial services and regulatory veterans and young techies, Privacy.com represents the first mainstream attempt to build a business explicitly around transactional privacy in the era of Edward Snowden and Ashley Madison.
October 27