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August 22, 2013 by Madeline Aufseeser

As the prize fight over interchange rates continues to play out between merchants, payment card issuers, MasterCard, and Visa, are these opponents missing the real goal for consumer share of wallet?

Two concurrent rounds are playing out simultaneously on center stage across U.S. courtrooms:

August 16, 2013 by Christine Pratt

After any recession that touches home mortgages even remotely, fraud—always big business in the mortgage industry—explodes. This time is no different. The home mortgage market has been hit with an inordinate amount of losses, a good many of which can be attributed, at least in part, to external fraud. Examples include home loan originators’ fraud or consumers’ fraud (gently referred to as “strategic defaulters”). Internal fraud also threatens. Loan officers or operations staff have numerous opportunities to join forces with external fraudsters.

August 9, 2013 by Enrico Camerinelli

In recent news, Metro Bank and Deutsche Bank are both broadening their supply chain finance (SCF) offerings for customers:

  • Metro Bank, which started as a retail bank offering “always-open” branches and face-to-face customer relationships, is now moving up the chain and incorporating small enterprises that require much the same service and care as individual customers.
  • Deutsche Bank, known for being a first mover, officially launched its Autobahn Apps Market, a collection of cash management applications that run on a cloud-based platform. Though the apps' use has so far been limited to the bank's IT ecosystem, these apps have the potential of being used via SaaS and therefore plugged into any system that wants to use them.
August 7, 2013 by Stephen Wall

In February 2009, Swiss banking giant UBS agreed to pay a fine totaling US$780 million to the U.S. authorities as a part of a deferred-prosecution agreement after it had been charged with aiding U.S. taxpayers to hide undeclared assets in secret offshore accounts. This was not only big news for UBS, the deal and the process behind it signaled a massive shift in the rules surrounding how any overseas (offshore) wealth manager, Swiss or otherwise, would be able to serve U.S. taxpayers. No longer would the U.S. authorities accept the old model of a wealth manager (no presence onshore in the United States and no regard for U.S. rules and regulations).