American Banker – Maria Korolov

Australia’s Commonwealth Bank Unveils Contactless Mobile Payments

The Commonwealth Bank of Australia on Oct. 26 unveiled a mobile-payment platform to enable iPhone-owning customers to do online banking, instantly send funds to Facebook friends or to anyone’s email address or telephone number, and, with the use of a special cover, make contactless payments. The service, called Commbank Kaching, will be available for download …

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Learning to Track Counterparty Risk

The dramatic fashion in which Bear Stearns and others have gone down in flames brings to the fore issues like counterparty risk management that had previously been undercounted, or not scored at all. The current market realities make implementing a new risk management platform in a hurry highly unlikely, but some banks are finding that …

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Mobile Insecurity: Reality or Just hype?

American Banker, Bank Technology News / By Maria Korolov

The increasing functionality and numbers of mobile banking platforms, the growing sophistication of criminals, and the popularity of smart cell phones create the potential for mobile banking security issues, but industry watchers have widely divergent opinions about how serious the threat really is. Smart phones in particular-devices which can surf the Internet and run applications …

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GDS Link

American Banker, Bank Technology News / By Maria Korolov

These are times that try bank balance sheets – and test their credit scoring abilities. But adapting to new economic realities can be difficult if the scoring formulas are hard-wired into a legacy database system. To make it easier, faster and cheaper to create custom scorecards, Dallas-based GDS Link, LLC has come out with DataView360, …

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Bit9

American Banker, Bank Technology News / By Maria Korolov

Is it time to get out of the anti-virus arms race? If new security vendor Bit9, Inc. gets its way, banks may soon be able to eliminate virus scans altogether. Instead of trying to track every new virus and piece of malicious codes that appears, the Waltham, MA-based security vendor allows only the good software …

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All A Twitter Over Twitter

American Banker, Bank Technology News / By Maria Korolov

New channels of electronic communication have been a boon to many industries, opening up sales and marketing opportunities, helping improve customer service and speeding up innovation and collaboration. For Wall Street, however, the benefits of technology such as Twitter have to be weighed against the compliance pains. Twitter, launched by San Francisco-based Obvious in late …

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Biometrics Comes To the Heartland

American Banker, US Banker / By Maria Korolov

A couple years ago, good security meant a good firewall at the periphery of a bank’s network. Today, given the range of internal and external threats at financial institutions, that’s no longer enough. Instead of installing security appliances at key locations, banks like Fayetteville, AR-based ANB Financial are turning entire networks into security systems. Founded …

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Network Security: An Arkansas Bank Protects Communications Inside-out

American Banker / By Maria Korolov

A couple of years ago, good security meant a good firewall at the periphery of your network. Today, given the wide range of threats that are coming at financial institutions, both internal and external, that is no longer enough. Instead of installing security appliances at key locations, forward-looking banks are turning their entire networks into …

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