Financial Services Tech Forum

Archives for August 2009 « Recent Articles

Photo of Marc DeCastroOffline

IDC Financial Insights tracks each bank closing. It seems that most Friday nights an announcement is made, and subsequently we update our database with the latest hit to the Deposit Insurance Fund. How many more hits are left? Will the FDIC have to impose yet another special assessment?

Photo of Jeanne CapachinOffline

We've just published some great research looking at how treasurers are reacting to the financial crisis. Highlights from the research are discussed in this video blog.


It's hard not to see all the news and concern surrounding high frequency trading (HFT) lately. We recently talked about this in a research link: High Frequency Trading: Friend or Foe? (Sorry this is for subscribers only). This is a snippet from the link: Regarding HFT technology, the reality is, it has been around for a number of years and is not "the latest fashion" for Wall Street firms. Maybe the trend of ultra-quick order and cancellation algos to flinch buyers is new, but speed has always been an impor


Goldman Sachs can't win.

By Sean O

Collectively, Wall Street firms do not have a lot of fans right now and frankly the industry has never been revered that much to begin with. However, Goldman Sachs in particular these days has been gaining an almost Microsoft or Walmart like hated status - and they're not even a retail firm!

Photo of Marc DeCastroOffline

Branch / ATM / Call Center Convergence

By Marc DeCastro

This week, IDC Financial Insights was able to view an exciting blend of personalized teller service infused with today's technology. Mid Hudson Valley Federal Credit Union, nestled in Kingston, New York between the Hudson River and the Catskills was the host. Their solution - VIC, the Personal Teller.  As they say, "Real Teller, Real Time, Any Time".

Photo of Aaron McPhersonOffline

How NOT to Respond to the Credit CARD Act

By Aaron McPherson – 12 Comments

On May 22, 2009, President Obama signed the Credit CARD Act of 2009, which restricted a number of practices, such as universal default, double-cycle billing, and overlimit fees, that had been criticized by consumer advocates for years.  It was unquestionably the most punitive legislation ever to hit the credit card industry, and was probably made possible by the sub-prime mortgage crisis, which uncovered a whole host of unsavory practices that provoked public outrage. The question now is, what should b

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