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Monthly Archives: February 2017

Regulators Release Swap Margin Guidance

February 24 – The Federal Reserve Board and the Office of the Comptroller of the Currency have released guidance explaining how supervisors should examine for compliance with the swap margin rule, which established margin requirements for swaps not cleared through a clearinghouse.

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Credit Union of Southern California Selects Architect from Fiserv to Deliver a Unified Digital Banking Experience

February 27 – Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that Credit Union of Southern California (CU SoCal) a $1.2 billion, 92,000 Member credit union based in Anaheim, has selected the Architect digital banking platform. Architect will enable CU SoCal to deliver a unified digital banking experience, meeting the needs of today’s connected consumers and facilitating the growth plans of the credit union. The real-time integration of Architect into the credit union’s core account processing platform and the fact that Architect is a hosted solution that does not require extensive onsite support were also key factors in the selection.

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Poll: Historical Loss Rates Most Applicable Method for C&I Pools

February 24 – A survey of lenders about current loss rate methods for calculating the provision for commercial and industrial (C&I) pools as part of the Allowance for Loan and Lease Losses found more than two-thirds consider historical loss rates the most applicable method for C&I pools. An additional 23 percent said that migration analysis is the most applicable. (more…)

Digital Disruption in Finance Is Here

February 24 – A global survey of 2,000 investors and 500 investment providers sponsored by State Street Corporation (NYSE: STT) has identified three aspects of data that will define stewardship for the digital age: Integration, the ability to combine both structured and unstructured data; Intelligence, the ability to draw new insights with the help of emerging technologies that will enable improved decision-making, performance measurement and client centricity; and Integrity, the ability to better safeguard data with the highest levels of security1.

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1.2 Trillion Dollars in Worldwide Spending on Digital Transformation Technologies in 2017

A new update to the Worldwide Digital Transformation Spending Guide from International Data Corporation (IDC) forecasts worldwide spending on digital transformation (DX) technologies to be more than $1.2 trillion in 2017, an increase of 17.8% over 2016. IDC expects DX spending to maintain this pace with a compound annual growth rate (CAGR) of 17.9% over the 2015-2020 forecast period and reaching $2.0 trillion in 2020.

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