article thumbnail

Power Up Your IT Budget by Zero-ing in on Waste

Banking 2020

According to the 2015 Society for Information Management (SIM) IT Trends Study, which surveyed more than 1,000 senior IT leaders and CIOs, 63 percent of IT leaders say their IT budget is increasing. The risks that come with not having an application strategy could also spell trouble as cyber security concerns rise.

article thumbnail

Is your bank stopping fraud?

Banking 2020

The loser in this race, at some banks at least, may be the fraud systems. At four in ten banks, the card fraud management systems are older than core banking systems, according to a survey by CEB TowerGroup. It found that solutions were installed prior to 2006 in 40 per cent of banks it spoke to. Customer loyalty.

Fraud 40
article thumbnail

What ransomware attacks on vendors mean for banks

American Banker

Here’s how banks can guard against that. Cybercriminals have targeted at least four financial services technology companies in recent months, potentially giving hackers back-door access to clients.