Integrating Fraud and AML: The Holy Grail of Compliance?

Financial institutions are overloaded with a panoply of onerous and expensive compliance regulations, from Basel II to IAS to BCP (one might also mention an overload of acronyms). The anti-money laundering (AML) programs required by regulators in the US and many other countries is a particular headache. Banks have invested many millions of dollars in […]
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PFM Meets Social Networking?

There was an interesting article this morning in American Banker called, “E-Banking, Meet Social Networking.” After reading the article I came up with 2 conclusions: – Banks need to improve their personal financial management offerings (PFM). The article talks about how Geezeo is offering a white label version of its PFM software to banks. While […]
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Can the villagers spell A-T-M?

Gone are the days when only the rich withdrew money from ATMs in India. India has seen exponential growth in ATMs, with a cumulative annual growth of about 70% since 2000. During 2007-2008 alone, the number of ATMs grew by 28.4%. However, there has been a clear lack of symmetry in their spread. The ATMs […]
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HSA Benchmarking, The Recessionary Version

As financial institutions in the healthcare banking space know well, Celent launched its semi-annual HSA benchmarking exercise in 2008. We initiated this benchmarking in response to the lack of truly meaningful HSA performance data — i.e., data that would enable banks to assess their own HSA programs vis-a-vis those of their peers. The first benchmarking […]
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Working Capital is not a dirty word, is it?

There is no dispute that one of the hardest organizational barriers to break is the one between Finance and Operations. Accountants and treasurers do not go very well with manufacturing, logistics, and procurement. They have different tasks and different (if not necessarily divergent) objectives, which exacerbate the gap. It is often said, to explain such […]
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BAI Transpay

Going … Going … Going but not yet gone. Greetings from BAI Transpay where bankers and vendors gathered to discuss payment issues. Check volumes are dropping and banks are racing to drop costs as quickly as customers are dropping volume. Checks are being imaged, converted to ACH and replaced by debit so that paper check […]
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3.17.09: Celent Banking Webinar: The Retailish Future of Patient Collections

Celent senior analyst Red Gillen This event is free for Celent clients and invited guests. Please click here for more information.
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Get ready for Model Bank 2009!

It’s that time of the year again! Our judging committee has reviewed the submissions we received during the course of 2008, and we will be contacting the winning banks next week. For those of you who don’t know what the Model Bank report is, you can learn more about it by reading about last year’s […]
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3.4.09: Celent Banking Webinar: It Takes More Than a Village: The Decline of the Community Bank

Celent Senior Vice President Bart Narter This event is free for Celent clients and invited guests. Please click here for more information.
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The 2009 Big Story In Healthcare Banking?

As many of our clients are aware, much focus in the healthcare banking industry has been on the advent of tax-advantaged medical spending accounts, especially HSAs (health savings accounts). The current economic crisis has only intensified this focus, as HSAs are seen as a relatively low-cost approach to building and retaining deposit bases. In fact, […]
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