Opinions

Regulators are urging senior bank management to spearhead the effort to improve cyber risk management. Executives would be well advised to act before fines and other enforcement actions are handed down.

Electronic commerce has made our world closer than ever.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Mobile commerce is here and isn’t going away. We can all agree on that. And I think we can all agree that it’s the banking industry’s opportunity to lose, but to date, most banks remain very slow to take action.

As digital currencies become increasingly popular in Latin American countries, partnerships between banks and Bitcoin exchanges can help expedite cross-border transfers.

In my dreams, I can walk up to any cashier and make a payment by waving my hand over a terminal, much like Obi Wan Kenobi's "These aren't the droids you're looking for" trick in Star Wars. And that's all I would have to do.

A number of banks have cut ties with business lines that are seen as high-risk in an effort to dodge the threat of enforcement actions. The result is stunted job creation and innovation, not to mention customers who are denied much-needed services.

Banks needs to deeply understand the needs of their customers before they start rolling out ambitious high-tech plans.

More people than ever are becoming aware of the impact of data breaches and the resulting fraud. But what about the rest of the fraud types: internal fraud, account takeover, elder abuse and even the old generic scam?

A recap of the informed opinions (and the discussions they generated) on BankThink this week.