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September 30, 2014 by Madeline Aufseeser

It is inevitable: More fees will be showing up soon on demand deposit accounts (DDAs), debit cards, and prepaid debit accounts. Financial institutions will no longer have a choice under mounting margin pressure. Organic DDA growth is slowing, average account life is shrinking, and expenses are on the rise. Durbin interchange rules destroyed margins on debit cards, and now EMV requirements are driving up card expenses. Card-number tokenization will add more card expenses, and so too will third-party digital wallet providers such as Apple Pay. Breaches cost issuers big money too.

September 29, 2014 by Sophie Schmitt

This year’s FinovateFall in New York drew a record-setting audience of 1,450 to watch 70 company demos over two days at the midtown Hilton. The wealth management side of the financial services industry saw a good representation of around 10 business-to-consumer (B2C) and business-to-business (B2B) firms with three brand new startups hitting the U.S. market: Blooom, HedgeCoVest, and iQuantify. TruePotential, a U.K.-based wealth management software company launched a new solution at Finovate called impulseSave. Here is a brief overview of each of these:

September 22, 2014 by Jamie Bisker

In the first post of this blog series, we examined how various technologies will enable a sea change in the way insurance is sold and consumed. In short, the insurance industry has an opportunity to meet the needs and expectations of modern consumers and corporations as more information is made available from more accurate sources. Mechanisms such as the Internet of things (IoT) and the burgeoning number of smart devices coupled with cognitive computing will provide for a more evidence-based, real-time approach to managing risks for individuals and commercial enterprises.

September 22, 2014 by Jamie Bisker

Insurance has arrived at one of those very interesting moments in time when several streams of capability converge and enable change. Each of these capabilities stands on its own and could (and likely will) be used to improve various legacy aspects of the insurance industry.

But what if some forward-thinking actuarial and underwriting executives decided on a new course for their business? What if they seized not simply on the technological capabilities of the times but also on the cultural and sociological changes that are churning among consumers as they react almost in syncopation with emerging technology?

September 18, 2014 by David O'Connell

On September 17, 2014, Aite Group's David O'Connell was involved in a Q&A Twitterview with Delphix, where he discussed data virtualization for banks and the subject of stress testing. If you didn't get a chance to see it live, you can read the transcript below or search Twitter for #BankStressTesting. And for more information on the subject, you can sign up for the Thursday, September 25 webinar on the subject here.

David O'Connell: Welcome, @Delphix. We’re excited to discuss how stress testing bottlenecks can be eliminated with Data Virtualization 

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