June 21 — Girls Who Invest, a non-profit working to increase the number of women in portfolio management and executive leadership positions in the asset management industry, has partnered with Training the Street, a corporate training provider for Wall Street firms and top business schools.
By David Ronald
June 20 — As the world goes digital, the banking industry is being forced to undergo change quickly in order to keep pace and meet customer demands. At the same time, financial institutions are facing intense pressure to reduce costs while increasing productivity and finding new ways to streamline processes and improve operations. All of this must be balanced with the fact that no other industry, aside from government, has to deal with more stringent and difficult regulations when it comes to managing information.
By Dwayne Spradlin
June 19 — Punishing consumers with prohibitive termination fees to cancel a contract is counterintuitive to offering quality customer service. Telecommunication companies have evolved to understand this and have been moving away from their old contract-based model for the past few years. Other industries have followed in their footsteps, but there is still room for improvement in some fields, especially in the fintech space.
June 12 — Roughly 128 million Americans are more concerned about identity security than they were a year ago. And yet, the gap between “concern” and “action” remains wide. So, why aren’t consumers taking more responsibility for their own cybersecurity, and what could motivate them to change these behaviors?
June 12 — Given all the attention paid to “too big to fail” banks, it is tempting to think that, in the eyes of policy makers and the media, small financial institutions are “too small to matter.” But when it comes to facing cyber threats, the size of the bank has little relevance. Malicious actors will look for weak spots to exploit as easy entry into a network, regardless if the target is a small or large institution.
With smaller budgets and teams, it can be challenging for community banks to address cybersecurity and regulatory compliance demands to the same degree as the nation’s large financial institutions. How to approach cyber risk was the topic of an interview between two former bank regulators. Tom Curry, former Comptroller of the Currency, spoke with David Cotney, former Massachusetts Bank Commissioner, at a recent roundtable event for Massachusetts bank executives held in Boston. Curry is now a partner and co-chair of the banking practice at the Boston law firm Nutter, and Cotney is now regulatory director for CyberFortis, a cybersecurity firm. (more…)