The Banking Industry

NCUA: Borinquen FCU Conserved

Updated: 2011-06-30 21:04:21

The National Credit Union Administration (NCUA) today assumed control of service and operations at Borinquen Federal Credit Union of Philadelphia. While continuing normal member services, NCUA will work to resolve issues affecting the institution's safety and soundness.

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FFIEC Final Authentication Guidance

Updated: 2011-06-30 21:04:21

The Final FFIEC Guidance has been issued and its main intent is to reinforce the 2005 Guidance's risk management framework and update the Agencies' expectations regarding customer authentication, layered security, or other controls in the increasingly hostile online environment.

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FFIEC: Banks Need Layered Security

Updated: 2011-06-30 21:04:21

Fraud expert Ori Eisen says banks spend too much time reacting to ACH fraud, rather than trying to stop it. Now that the FFIEC's new online authentication guidance is official, banks must focus on eliminating outdated solutions and moving toward automated solutions for device identification and log analysis.

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Experts: FFIEC Guidance Falls Short

Updated: 2011-06-30 21:04:21

New Authentication Directives Don't Address Emerging Risks"The FFIEC guidance does a good job of addressing today's and yesterday's threats and suggested techniques, but it is not sufficiently forward-looking," says Gartner's Avivah Litan. "Two years from now, the guidance will be sorely out of date."

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Database Security Policies Needed

Updated: 2011-06-30 21:04:21

Inside and Outside Threats Threaten Sensitive DataThe database has become the main target for hackers and negligent insiders, as the insider breach at Bank of America showed. A recent survey highlights the need for financial institutions to enhance security measures to mitigate threats and losses.

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FFIEC Authentication Guidance: First Analysis

Updated: 2011-06-30 21:04:21

Aite's Julie McNelley says the final FFIEC online authentication guidance offers greater detail in areas such as layered security, but that institutions have much to do to prepare for regulatory assessments in 2012.

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Avivah Litan on FFIEC Authentication Guidance

Updated: 2011-06-30 21:04:21

Gartner's Avivah Litan says regulators have done a nice job of emphasizing why and how banks and credit unions need to implement layered security that adequately addresses online risks. But the guidance falls short when it comes to customer education.

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Full Text of Final FFIEC Authentication Guidance

Updated: 2011-06-30 21:04:21

Unabridged Release from the U.S. Banking Regulatory AgenciesThe Final FFIEC Guidance has been issued and its main intent is to reinforce the 2005 Guidance's risk management framework and update the Agencies' expectations regarding customer authentication, layered security, or other controls in the increasingly hostile online environment.

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NCUA: St. James A.M.E. FCU Liquidated

Updated: 2011-06-30 21:04:21

The National Credit Union Administration (NCUA) liquidated St. James A.M.E. Federal Credit Union of Newark, N.J., today. North Jersey Federal Credit Union of Totowa, N.J., immediately assumed St. James A.M.E. Federal Credit Union's members.

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FDIC: Review of Washington First International Bank Failure

Updated: 2011-06-30 21:04:21

The Federal Deposit Insurance Corp. has issued an in-depth review regarding the closing of Washington First International Bank, located in Seattle, Washington.

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How banks can beat the telco's at the mobile game

Updated: 2011-06-30 07:10:31

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Things worth reading: 30th June 2011

Updated: 2011-06-30 05:29:00

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Robin Hood or Robin Banks?

Updated: 2011-06-29 07:32:43

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Things worth reading: 29th June 2011

Updated: 2011-06-29 06:31:52

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Are small firms retail or commercial propositions?

Updated: 2011-06-28 13:24:12

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Things worth reading: 28th June 2011

Updated: 2011-06-28 05:59:28

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Banks are from Mars, Corporates are from Venus

Updated: 2011-06-27 07:57:11

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The Finanser's Week: 20th June - 26th June 2011

Updated: 2011-06-26 07:42:42

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Why payments infrastructures are NOT fit for purpose

Updated: 2011-06-24 07:43:51

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Things worth reading: 24th June 2011

Updated: 2011-06-24 06:53:24

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Are payments infrastructures fit for purpose?

Updated: 2011-06-23 07:00:00

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Things worth reading: 23rd June 2011

Updated: 2011-06-23 06:14:29

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Things worth reading: 22nd June 2011

Updated: 2011-06-22 06:33:36

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JPMorgan Fined 0.9% of Profits for Helping to Destroy Global Economy

Updated: 2011-06-21 21:19:50

The SEC's feeble settlement with JPMorgan Chase -- which earned $17 billion last year -- is less a slap on the wrist than a license to steal.

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Greece Is Right to Beware an IMF Bearing Gifts

Updated: 2011-06-21 18:23:05

The International Monetary Fund's prescription for the latest sovereign debt crisis would inspire more confidence if it had a better record of preventing previous ones.

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Things worth reading: 21st June 2011

Updated: 2011-06-21 06:01:24

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Hey, Capital One: Don't Mess Up Quirky ING Direct USA

Updated: 2011-06-20 11:45:18

The credit card giant's $9 billion purchase of an online banking business is certainly bold. But the deal's success depends on preserving what makes ING Direct USA so likable.

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Now it's an eyePhone

Updated: 2011-06-20 08:40:57

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Things worth reading: 20th June 2011

Updated: 2011-06-20 06:31:30

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The Finanser's Week: 12th June - 19th June 2011

Updated: 2011-06-19 10:27:01

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Why the SEC Should Get Medieval With the Credit Rating Agencies

Updated: 2011-06-17 18:49:17

The SEC is considering charging Standard & Poor's, Moody's and other credit raters with fraud. It's about time.

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ING: selling the rebels with a cause

Updated: 2011-06-17 08:17:08

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Unlike the U.S., Brits Show Some Steel in Policing Big Banks

Updated: 2011-06-15 18:30:27

Financial reform in the U.S. has largely left Wall Street unscathed. But British political leaders (conservatives, too!) are showing greater resolve in fixing the country's banking system.

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How to Make a Bank Reputation Drive Cross Selling

Updated: 2011-06-13 21:35:45

, Home About Us Product News Contact Testimonials Blog How to Make a Bank Reputation Drive Cross Selling Posted by Stewart Rose on Mon , June 13, 2011 A good reputation is undoubtedly important to any financial institution . It translates into more new and more loyal customers . A recent article in American Banker discussed the results of the American Banker second annual survey of bank reputation . This 30 bank survey was conducted by the Reputation Institute an evaluated reputation across several dimensions including corporate citizenship , financial performance , governance , innovation , leadership , perceived workplace environment and products and . services The article noted that BBVA Compass enjoyed the most improved image , moving up 11 slots into the No . 5 position . When asked

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