Kristin Moyer

Happy holidays to our fellow bloggers, clients and readers.  The Industry Advisory Services/Financial Services blogging team will be on holiday for the next couple of weeks.  We’ll be back with new thoughts and ideas the week of January 5th. In the meantime, for those of you who celebrate Christmas and/or New Years over the next [...]

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Category: Uncategorized     Tags: banking and investment services, financial services

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The financial crisis is putting a strain on nearly everything, especially customer relationships.  In this environment, customer relationships need to be redefined for both banks and the vendors that serve them. Banks need to be more focused on supporting their customers through the financial crisis.  This needs to start with looking at the customer from [...]

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Category: Uncategorized     Tags: banking and investment services, customer relationships, financial crisis

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I spent most of this past week with CEOs and CTOs from some of the largest electronic payment providers in the world.  I asked them what they’re seeing with transactions in the midst of the financial crisis. Nearly all of them are seeing a dramatic move away from credit cards to debit cards.  This comes [...]

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Category: Uncategorized     Tags: banking and investment services, cash, credit, debit, migration to debit, payments

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Kristin Moyer, Christophe Uzureau and Alistair Newton here.  Compliance requirements and the financial crisis are moving payment operations into the spotlight. This is creating an opportunity to make payments more strategic and to become a higher-priority technology investment. Here are five things that will be new in payments in 2009: Card at the center of [...]

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Category: Uncategorized     Tags: banking and investment services, card not present, core banking, data, emv, financial crisis, fraud, payment information value added services, payments, pivas, prepaid

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Stessa Cohen and Kristin Moyer here.  Wells Fargo announced that it is launching an online loan-consolidation repayment program in combination with a savings tool:  the Wells Fargo Debt Pay Down Solution.  This solution will let customers consolidate debt through a person loan.  It includes “My Spending Report,” a tool that will let customers see their [...]

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Category: Uncategorized     Tags: banking and investment services, customer focus, financial crisis, Mint, smartypig, wells fargo, worklight

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Kristin Moyer and Alistair Newton here.  Homeowner refinancing spiked last week.  A Treasury plan is rumored that would buy mortgage-backed securities at yields that would produce a 4.5% interest rate for homebuyers. Prior to the financial crisis, banks were investing in loan origination.  Of particular interest was automating processes and going “paperless.”  Since then, many [...]

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Category: Uncategorized     Tags: banking and investment services, IT budgets, lending services hub, loan origination

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Alistair Newton here. We are watching governments across the world pouring ever growing amounts of their shrinking funds into their global and domestic banking groups, to support their very existence and keep the lifeblood of the freemarket economies flowing. However, many banks have simply taken this funding and regressed to short-term survival mode – little [...]

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Category: Uncategorized     Tags: banking and investment services, financial crisis, government funding, p2p lending

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I’m just getting back from a family trip to Disney World.  For how high tech all the rides are, I was surprised to see magstripe everywhere I went.  Granted, we didn’t go everywhere or to every park – so maybe I missed something more high tech in the world of payments at Disney.  But if [...]

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Category: Uncategorized     Tags: banking and investment services, magstripe, mobile financial services, mobile phone payments, payments

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If you’re in Asia, the Middle East, or London, It’s already the weekend. Here in Philadelphia, it’s not far off…. The latest numbers on financial services jobs are grim for those who still have one and devastating for those who no longer do. Reuters reported over 50,000 jobs lost this week and 150,000 since September. [...]

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The World Economic Forum held in Davos, Switzerland announced 34 Technology Pioneers today. The WEF defines a “technology pioneer”: To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, [...]

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Category: Uncategorized     Tags: Mint, mobile banking, mobile payments, Ngpay, Qifang, social networking, World Economic Forum

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