Culver Technology Finance

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The Innovation Factor: Are Banks Ready to Innovate?

On January 16th, 2010, posted in: Bank Systems and Technology by admin | Comments Off

By Patrick J. Moore
As promising signs of economic recovery emerge and businesses shed their bunker mentality, it is time to look ahead. A key question for the banking industry is, how will it prepare for the future? Are we ready to embrace innovation, take risks, and reach beyond our comfort zone? Or will we continue [...]

This morning, the leaders of four large banks — Lloyd Blankfein, chairman and CEO of Goldman Sachs; Jamie Dimon, chairman and CEO of J.P. Morgan Chase; John Mack, chairman of Morgan Stanley; and Bank of America’s new CEO Brian Moynihan — are testifying before the Financial Crisis Inquiry Commission, a group that will spend this [...]

Google Reconsiders China Strategy After Hack

On January 16th, 2010, posted in: Bank Systems and Technology by admin | Comments Off

Google is rethinking its involvement in the Chinese market, after uncovering a serious hacking attempt against the company and many others that originated in China.
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IWeek: IBM to Reorganize Software Group

On January 16th, 2010, posted in: Bank Systems and Technology by admin | Comments Off

Our colleagues over at InformationWeek ran an exclusive story yesterday afternoon, reporting that Armonk, N.Y.-based IBM intends to reorganize its software group.
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By Bill Bradway, Bradway Research LLC
The recurring headlines touting mobile banking and more recently, mobile payments, reinforce my opinion that technology-based innovation in financial services is often ahead of the business-based needs the technology solutions address. Mobile banking over the past 10 years has been a poster child for this phenomenon. No doubt the interest [...]

White House Shares A Few Details of New Bank Fee

On January 16th, 2010, posted in: Bank Systems and Technology by admin | Comments Off

In a fact sheet, the Obama Administration has outlined a few details about the Financial Crisis Responsibility Fee the President is submitting to Congress in his next budget. If the budget passes, the fee will be levied on financial institutions with more than $50 billion in assets, it will take effect June 30 of this [...]

TGIF: Unusual Bank Robberies; Mac Vs. PC Battle

On January 16th, 2010, posted in: Bank Systems and Technology by admin | Comments Off

This week in weird/funny (it all depends on your viewpoint) videos about finance and technology, a kangaroo holds up a bank; sketch comedy show Little Britain demonstrates how Americans rob banks, an epic battle between Mac and PC users.
Skippy and the Bank Robbery
Australian celebrity kangaroo Skippy appears to have a dark side.

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Banks Send Aid to Haiti

On January 16th, 2010, posted in: Bank Systems and Technology by admin | Comments Off

Say what you will about banks’ role in the financial crisis and recession, one good quality of the U.S. banking industry is that it’s usually the first to respond to catastrophe with money and aid.
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Our favorite banking technology-related blog posts from around the Web (January 10-16, 2010):
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More details are beginning to emerge as the technology community further investigates hacks that originated in China that targeted Google and other corporations. Yesterday afternoon, Microsoft announced that a vulnerability in Internet Explorer was exploited as part of the hacks.
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