Sun.Feb 25, 2024

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How BMO merged its technology with Bank of the West's

American Banker

BMO Financial Group doubled its mainframe capacity, prepared a cloud staging platform and used chaos engineering to ensure its Bank of the West integration went smoothly.

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FCA’s pay levels ‘could force its staff to rely on hardship fund’

TheGuardian

Members of Unite union reject UK regulator’s offer and say it is failing to deal with salary shortfall Staff at the UK’s financial regulator could be forced to rely on a hardship fund to make up for their “objectively low pay”, according to a union. Unite said a failure to address the salary shortfall at the Financial Conduct Authority (FCA) risked embarrassing the watchdog, whose workers supervise some of the country’s largest banks and wealth managers.

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Security Bank drives digital transformation with Avaloq

The Paypers

Security Bank has partnered with Avaloq to digitalise wealth management by leveraging Avaloq Core Platform and RM Workplace for enhanced client experience.

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Forum Highlight: How to Navigate the Coming Storm of Demographic Disruption

The Financial Brand

This article Forum Highlight: How to Navigate the Coming Storm of Demographic Disruption appeared first on The Financial Brand. Banks need to prepare now for radical change up and down the demographic spectrum, from young to old. This article Forum Highlight: How to Navigate the Coming Storm of Demographic Disruption appeared first on The Financial Brand.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Raiffeisen Bank undergoes AML controls investigation

The Paypers

The Financial Market Authority (FMA) has initiated an investigation into Raiffeisen Bank International (RBI) over Anti-Money Laundering (AML) failures in Austria.