Aug 1 – Below is a statement from Treasury Secretary Jacob Lew on the nomination of Sarah Bloom Raskin for deputy secretary.
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October 4 – Federal Reserve Governor Sarah Bloom Raskin spoke on the subject of foreclosures at the Maryland State Bar Association Advanced Real Property Institute. Her presentation, on the legal opportunities and challenges in crafting a foreclosure response. “Legal Opportunities and Challenges in Crafting a Foreclosure Response,” follows.
September 26 – Governor Sarah Bloom Raskin of the Federal Reserve addressed the University of Maryland Smith School of Business in Washington, D.C. Her speech focused on monetary policy and job creation.
April 30 – The Conference of State Bank Supervisors applauds President Obama’s nomination of Sarah Bloom Raskin, Commissioner of the Maryland Office of Financial Regulation, to the Federal Reserve Board of Governors. Commissioner Raskin will bring the important pragmatism of a regulator who understands that our economy needs a diverse financial system with local providers and decision makers and a regulatory system that supports those needs.
May 23 – Several of the EFT debit networks are launching or rapidly developing dual-message debit solutions, in which the authorization and the clearing of information is accomplished in two distinct transactions.
April 8 – Digital transformation (DX) represents the best way for banks worldwide to prepare to respond to rapidly changing customer behaviors and market conditions. As with any transformational journey, however, the road to DX maturity is beset with challenges. To help today’s leading banks identify the stages, dimensions, outcomes, and actions required for businesses to digitally transform their operations, organizations, products, and services, IDC Financial Insights has unveiled a new IDC MaturityScape, Digital Transformation in Banking (Doc #US41117816). The new study serves as a guide for bank line-of-business (LOB) and technology executives to identify areas in need of improvement in support of digital transformation in five key areas or disciplines: Leadership DX, Omni-Experience DX, WorkSource DX, Operating Model DX, and Information DX.
February 22 – While transformative technology within bank branches is nothing new, it has evolved to the point where banks can no longer sit idly by and ignore their presence. Advances in analytics, high-definition video, and virtual and augmented reality are combining to assist branch employees in more complex transactions and to cross-sell/upsell in a more personalized manner.
August 18 – The Federal Reserve Bank of Minneapolis has officially launched the Center for Indian Country Development (CICD). The CICD’s mission is to help self-governing communities of American Indians in the United States attain their economic development goals. It will build off the Minneapolis Fed’s 25-year history of working in Indian Country, which is rooted in the Federal Reserve System’s legislative responsibilities to understand and promote economic growth.
August 14 – Everest Group has released two reports featuring the firm’s new Ability | Performance | Experience (APEX) Matrix. The APEX Matrix provides an enterprise-centric assessment of companies’ customer-facing digital functionalities and their resultant business impact.
July 2 – Retail banks (including thrifts and credit unions) in the U.S. will spend nearly $16.6 billion on hardware, software, services, and internal IT staff in order to develop and implement digital transformation initiatives in 2015. And this spending on digital transformation will grow at a compound annual growth rate (CAGR) of 10.4% into 2019, according to recent IDC Financial Insights spending models.