Reminders

Financial Services Tech Forum

Archives for February 2011 « Recent Articles

Photo of Marc DeCastroOffline

Updates from previous blog are in bold and italics - including the results. Consumers are finding out that banking is no longer going to be completely without cost. With increased competition and rising bank expenses, something will have to give. At IDC Financial Insights we were curious as to what consumers are willing to pay for today and what can they live without. The results - check writing is likely the place where most anticipate a fee, however the overwhelming convenience of online banking and


Photo of Michael VersaceOffline

Enterprise Risk Management - Proof or Still Promise

By Michael Versace

It goes without saying that the business environment affecting all organizations is loaded with numerous, complex risks.  And there is an overwhelming consensus from the executives we speak that the riskiness of the business environment is changing at significant levels for most, as evidenced by the performance, growth and reputation challenges in the financial services caused by failures in risk management and by the recent global economic downturn.


Photo of Aaron McPhersonOffline

One of the headlines from the Senate Banking Committee hearings on the Durbin Amendment, which were held on Thursday, February 17, 2011, was an assertion by Federal Reserve Chairman Ben Bernanke that the $10 billion exemption for small issuers may not be "effective," partly because merchants might refuse to accept cards from smaller issuers.  In my previous blog post , I said they could not do this, so I thought I should try to clarify the issue.


Offline

The NYSE and Deutsche Börse (DB) merger (yes I realize calling it a merger will infuriate some), is a pure scale play and makes sound operating sense. The revenue and cost synergies that are proposed are in line with other historical exchange transactions. Also, the move propels the combined entities forward to meet the ever changing global trading trends while putting some serious pressure on smaller competitors (ATF's and MTF's) that have been quick to grab market share.


Photo of Aaron McPhersonOffline

Debit Comments, Part 2 - Small Issuers Still Not Happy

By Aaron McPherson

As I did yesterday, today I will be delving into the comments that the Fed has received on its draft rules implementing the "Durbin Amendment," which is the portion of the Dodd-Frank financial reform law (section 1075) that affects debit card pricing and routing rules.  The full text of the draft regulations can be found at the bottom of this post.  Today's topic is the exemption for issuers with under $10 billion in assets, which apparently pleases nobody, least of all the very organizations it w


Photo of Aaron McPhersonOffline

Debit Comments, Part 1 - Routing Rules

By Aaron McPherson – 2 Comments

With the deadline for comments on its debit interchange rules just under a week away (Feb. 22), the Fed has already received over 530 submissions and I'm sure many more are on their way.  While many are not that insightful, being variations of "what were you thinking?" ,several bring up points on which I have not seen much discussion.  Over the next several days, I will be highlighting the most interesting and/or useful comments, and speculating on what effect they might have on the final regulati


Photo of Marc DeCastroOffline

Poll Question: If your bank was going to charge you for one of these services, which ONE are you most willing to pay for? Consumers are finding out that banking is no longer going to be completely without cost. With increased competition, rising bank expenses, and the conveniences and technology we have been getting for free, something will have to give. At IDC Financial Insights we are curious as to what consumers are willing to pay for, and what can they live without. If you are on Lin


Photo of Michael VersaceOffline

Improvements in analytic quality and transparency have been underlying themes in a few of our recent IDC Links and reports (e.g., ALM Emerging Trends, Risk and Finance Risk Architectures).  Yesterday's order by the SEC against the AXA Rosenberg (AXA), a specialist in global equity investment that prides itself on "rigorous, dispassionate analysis of data", reminds us about the challenges firms face in maintaining the delicate balance between preserving trade secrets of analytic models and providing pro


Photo of Marc DeCastroOffline

Consumers are finding out that banking is no longer going to be completely without cost. With increased competition and rising bank expenses, something will have to give. At IDC Financial Insights we were curious as to what consumers are willing to pay for today and what can they live without. The results - check writing is likely the place where most anticipate a fee, however the overwhelming convenience of online banking and bill pay may in fact be once again a source of revenue for financial institu


Search this area

About this channel

  • 980k views
  • 365 articles
  • 17 followers
     

Recent Contributors

Recent Comments

  • 50 to 60 Billion Dig…
    Michael Versace says:
    This just popped up again.  Am interested in updating this forecast.  Would anyone be interested to renewing the model?
    2 months ago
  • 50 to 60 Billion Dig…
    Michael says:
    25% and we're there, mark of the beast. Finally! 
    2 months ago

Viewed 980,750 times