BankThink

Bad Morning at B of A; Yellen Hints at More Bank Regulation

Winning in the mobile world means driving revenues, acquiring new customers, and accelerating transactions. Mobile capture apps need open platforms and frameworks for apps that can be optimized for multiple uses and customized for their organization’s documents, customers, user experience and requirements.

The goal is to meet the financial education needs of everyone in the community — whether it’s the tech-savvy second-grader, the recent high school graduate getting her first checking account or a retiree learning how to stick to a fixed income.

The proposed Small Lender Mutual cooperative would be expensive for small firms to capitalize, and its securities may get inferior pricing compared to those issued by large banks and nonbanks.

Not So Fast, Citi; Facebook Eyes Mobile Payments

As the U.S. and Europe impose sanctions against Russia, western banks are keeping closer tabs on their business dealings in the country. JPMorgan Chase's temporary hold on a Russian Embassy payment and the disruption of VISA services for SMP Bank could be just the tip of the iceberg.

Bankers are kidding themselves if they think bank-like supervision will ultimately catch up with nonbanks. Expect to compete on the current playing field, however uneven it may be.

Citi Surprises; More Say on Executive Pay

This rise in data breaches and their resulting cost have companies asking “Am I doing enough to protect my data?” As breaches are expected to continue escalating, taking the proper steps to protect your data has never been more relevant or important.

You can't make everyone happy. This seems especially true for developing a Web payment standard to appease a vast number of stakeholders and interests.