banking

Security flaws in two bank sites tweeted as first wins in PoisAnon's OpRobinHood campaign, though Phantom who claimed the crack claims not stealing data was effort to protect consumers, who might be less lucky next time if they don't switch to credit unions.

Technology companies are becoming more valuable, challenging the energy and banking sectors for overall market value.

Global spending on retail banking technology is expected to increase 24% over the next five years to $132 billion, according to market research firm Ovum.

In October IDC Financial Insights conducted a web poll of 385 individuals to determine if they were users of mobile banking. Fifty three of the respondents did indicate that they have in fact interacted with their financial institution using their mobile device. That would seem like great news for heads of retail banking who are finally starting to see some traction in usage and acceptance of mobile banking. However, what is interesting is that the vast majority of people who have used their mobile device, simply called into the bank's toll free number. The breakdown was as follows (respondents could choose more than one method):

Storing your money offshore because you think those financial institutions are safer than those close to home? Security expert Andrew Hay says you're wrong.

Armonk, New York-based IBM Corp. released on Tuesday an analytical application to provide banks and financial institutions better visibility and management of credit risk across loan portfolios.