Fifth Third set to open 100 more branches here
Fifth Third bank plans to add 100 branches in the Chicago area by 2010, giving it a total of 240 here. “Our strategy is to build a ubiquitous network in Chicago,” says Terry Zink, the bank’s Chicago-area CEO. Photo: Callie Lipkin
Continue reading “New bank blitz in the works”
Banks spin their wheels in battle for customers
October 28, 2005
BY MARY WISNIEWSKI Business Reporter
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Chicago banks want your business. Fiercely. Plaintively.
Anyone who turns on the radio can hear about great CD rates, Sunday hours and free checking. And new branches seem to spring up on every urban corner.
Continue reading “Banks spin their wheels in battle for customers”
Payments News: Results: Payments News Strong Authentication Survey The winners were: computer forensics with challenge/response and secondly, stronger passwords. These were followed by crypto tokens, software certificates and fingerprint biometrics. The losers were: one time password – paper card and onetime password – token, followed by challenge/response, voice biometrics and one time password – SMS to the phone. Continue reading Computer forensics are first battle line in authentication
http://www.finextra.com/fullstory.asp?id=14280
Around a third of consumers would close all accounts and move their business to another bank if their person financial information was compromised in a data security breach, according to a survey commissioned by EDS and conducted by Canadian market research firm Ipsos Reid.
The survey of just under 1500 North American consumers also found that 10% would close some of their accounts and use another bank if their personal data was breached, while 55% would discontinue banking until they felt the crisis was resolved.
Commenting on the study, Jean-Louis Bravard, EDS financial services global leader, says: “The act of protecting consumers’ personal information is not only imperative to meet compliance standards but is essential in a financial institution’s ability to attract and retain a solid customer base. Financial providers must rise to security challenges or they risk losing their customers.”
Continue reading “Bank security key issue for consumers – EDS”
Good in-depth piece from at Finextra, from Price Waterhouse on future of Financial Services.
http://www.finextra.com/fullfeature.asp?id=670
Piecing the jigsaw is a PwC paper focusing on the future of the financial services industry over the next three years and considers the drivers, risks and opportunities, as well as the impact and responses for existing and potential players in the industry.
By Steve Almasy
CNN
Wednesday, June 29, 2005 Posted: 1648 GMT (0048 HKT)
(CNN) — In 1994, most people had to call the bank to check their balances. Or inquire in person, or wait for a paper statement to arrive in the mail. Baseball box scores were found in the newspaper. Weather forecasts came over the phone from the weather bureau, or on TV.
Continue reading “The Internet transforms modern life”
By John Leyden
Published Wednesday 7th September 2005 14:20 GMT
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A recent study by analyst Forrester Research has unearthed conflicting views about the safety or otherwise of online banking. The survey of 11,300 UK net users found that while many online banking consumers are complacent about security, a large minority have given up online banking as a direct result of security fears.
Most UK net users are aware of security threats like phishing and keystroke logging but are unfazed by these risks and expect their banks to deal with the problem – even though these attacks are thrown against consumer’s PCs rather than a bank’s own systems. Ideally users want banks to supply a blanket guarantee against fraud.
Continue reading “E-banking security provokes fear or indifference”
Banks chase IT solutions | Telco, Internet and IT Wednesday, April 27 – 2005 at 16:24 Banks in the GCC are matching their international counterparts in deploying the latest banking solutions, according to a study done by Dubai-based Madar Research Group. The study says that of the $1bn spent on IT by the GCC banking industry, 40% is devoted to IT infrastructure expansion and upgrade with a focus on security issues. Continue reading Banks chase IT solutions
UAE Internet penetration best | Telco, Internet and IT United Arab Emirates: Tuesday, April 26 – 2005 at 10:14 The Internet penetration in UAE is one of the highest in the region with penetration rate of 9.6% at the end of 2004, according to a report by the Arab Advisers Group. Continued growth is predicted for 2004-2009, but at a lower rate, with much of the growth being dialup users upgrading to broadband services. Continue reading UAE Internet penetration best
To go online or not to go online? That’s no longer the question | Digital Marketing
The Internet is far from being the unreliable, young, black sheep of the regional media scene. It is, perhaps, the most reliable and cost-effective way to reach a target audience and market your product. Martin Diessner, CEO Flip Media, discusses.
United Arab Emirates: Wednesday, February 02 – 2005 at 12:25 GMT+4
Continue reading “To go online or not to go online? That’s no longer the question”
