Post Tagged with: "Risk Management"

Klarna Plans to Stretch Its Credit Terms

Klarna Plans to Stretch Its Credit Terms

by December 7, 2015 at 11:11 am 0 comments

As Klarna, the Stockholm-based payments unicorn, is beefing up its credit risk management unit in New York, the company is also stretching out its credit terms. Klarna offers credit for online purchases to all consumers, not just those who choose the credit option, like Bill Me Later, now known as PayPalRead More

PayPal Building New Risk Team

PayPal Building New Risk Team

by October 19, 2015 at 4:35 pm 0 comments

The recently independent PayPal is assembling a new enterprise risk unit. The team, for which PayPal has started hiring, will be based in Austin, Texas. The ERM team will report to PayPal’s Office of the Chief Information Officer. It is unclear how large will be the team, which is a directRead More

Execute the Lip Service Out of Your Digital Transformation

Execute the Lip Service Out of Your Digital Transformation

by August 6, 2014 at 3:46 pm 0 comments

Unless and until our technology and processes support us as a digital business, we’re just paying lip service to the concept of information as the new currency.

GoBank Adds Friction to Its Account-Opening Process

GoBank Adds Friction to Its Account-Opening Process

by July 25, 2014 at 11:36 am 3 comments

While other banks and fintech startups are working to remove friction from the account-opening process, GoBank is adding friction. Yes, you read that right. The mobile-first bank account from Green Dot Corp. announced the following Wednesday: You’ll now need a GoBank starter kit to open a GoBank account, which isRead More

Risk Reduction: #1 Concern of Bank Boards

Risk Reduction: #1 Concern of Bank Boards

by May 22, 2014 at 10:01 am 0 comments

The Bank Director’s 2014 Risk Practices Survey reveals some very interesting information about the risk management programs that bank boards have in place. It’s classically challenging for many banks to assess how risk management practices affect the institution. However, banks that have worked at measuring the impact of a riskRead More

It’s Time to Rise Above the Risk and Compliance Whining

It’s Time to Rise Above the Risk and Compliance Whining

by February 14, 2014 at 3:22 pm 1 comment

Bigger spending on risk management is now a fact of life. If done right, it can and will help organizations better manage their businesses.

The 2013 GonzoBanker Awards

The 2013 GonzoBanker Awards

by December 19, 2013 at 8:01 pm 1 comment

Time for us to toast the mighty, recognize the innovators, skewer those who have rambled off the path of righteousness, and poke a little fun at all of the above.

The Coming Econgularity: the Real Challenge to Civil Liberties

The Coming Econgularity: the Real Challenge to Civil Liberties

by December 16, 2013 at 12:33 pm 0 comments

Econgularity – a shorthand for economic singularity — is an ugly word I created to describe an unfortunately approaching moment in time when our current technological snooping prowess, the ease of Big Data manipulation, and our sprint to a cashless economy will converge in such a way as to permitRead More

Cap One Cleans Up Samuel L. Jackson Ad After Outrage on Bank Innovation, Elsewhere

Cap One Cleans Up Samuel L. Jackson Ad After Outrage on Bank Innovation, Elsewhere

by October 31, 2013 at 9:41 am 2 comments

Capital One Financial Corp. has cleaned up what some consider to be salty language in a recent TV advertisement in response to outrage from consumers, as well as many who commented on Bank Innovation. Historically, each Bank Innovation post generates a handful of comments. But last week we posted the videoRead More

OCC Issues New Guidance on Banks’ Third-Party Relationships

OCC Issues New Guidance on Banks’ Third-Party Relationships

by October 30, 2013 at 10:10 am 1 comment

Risk managers might want to add a little “Irish” to their coffee this morning. The Office of the Comptroller of the Currency issued new guidance for banks’ third-party relationships today, citing concerns about the growing complexity of financial institutions’ relationships with vendors. “We have concerns regarding the quality of riskRead More