Below are interesting stories the Banking.com staff has been reading over the past week. What have you been reading? Let us know in the comments section below or Tweet @bankingdotcom. 43 retail banking myths—busted! ABA Banking Journal With the financial services industry changing so quickly, it should come as no surprise that many assumptions banks and […]
What We’re Reading: Retail Banking Myths, Security, ChaseNet
Below are interesting stories the Banking.com staff has been reading over the past… [more]
Bribery, Corruption, Money Laundering: Banks in the Crosshairs, Part 1
This is Part 1 of a two-part series from FTI Consulting. The volume and pace of… [more]
The Financial Services Industry Gives Back to Hurricane Sandy Victims
The Partnership for a Secure Financial Future has released its latest “I Am Financial… [more]
Small Business: Perception vs. Reality
In the most recent election cycle, like most others before it, the one sector of… [more]
Infographic: The Social Customer
Sprout Social recently released an infographic looking at the social customer and… [more]
Consumers Are Increasingly Using Multiple Devices to Support Banking Needs
*This blog was originally posted on Bank Marketing Strategy by Jim Marous. Jim is… [more]
There’s no question that in our business we’ve seen more than a few ‘disruptive’ technologies. You could even argue that the entire industry has become conditioned to the notion of disruption—every day, it seems, there’s a new startup, a new device, a new paradigm, and of course a flood of new apps, all designed to make life easier for professionals and consumers alike. All of these inventions have done their part to move the industry forward.
The volume and pace of transactions in global financial markets – magnified and accelerated by new technologies – is mind-boggling. It has been estimated, for example, that every day there is $2.9 trillion worth of stocks, bonds and derivatives traded in U.S. financial markets. It’s easy to see how this makes monitoring both client onboarding and financial transactions monumentally difficult.
We recently spoke with VERIBANC, a company that provides bank ratings on all U.S. federally insured financial institutions. Michael Heller, president of the company, told Banking.com about what the VERIBANC does and who they work with.