November 2006

USAA is offering its consumer banking customers remote deposit. The new service is called Deposit@Home and enables consumers to make deposits from their home or office using a desktop scanner. A java applet recognizes the consumers scanner and imports the image directly to the USAA site where the consumer is directed to crop the image. […]

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Thanks to a growing battle for finance talent, CFOs are making more. Those at big companies saw their pay surge as much as 25 percent. Many firms are seeking to upgrade their finance talent, and the dwindling of the chief operating officer has also contributed to the boost, since CFOs often are asked to take […]

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Milton Friedman, the Nobel prize winning economist, died today. Statement from the Milton & Rose D Friedman foundation here.   Excerpted from the The New York Times:     Rarely, his colleagues said, did anyone have such impact on both his own profession and on government. Though he never served officially in the halls of power, […]

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In its Cross Industry practice 2007 report, TowerGroup anticipates three major strategic shifts for global financial services. "The global financial services industry is changing in response to tectonic shifts in marketplace and business dynamics," said Guillermo Kopp, vice president of TowerGroup Cross-Industry research. "Traditional markets are saturated with product and service options. The maturation of […]

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Glenbrook’s Linda Elliott has been following the banking industry’s efforts to comply with the FFIEC Internet Banking Guidance issued almost a year ago. We first posted her initial summary of bank strategies last September. Here’s a link to her most recent update (version 7) with the latest on what the industry has been doing since […]

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