Industry analysis in the consumer lending segment reveals that in order to foster long-term, profitable growth, banks will need to invest in data, analytics, segmentation, and reporting to support both demand-generation strategies and risk management goals.
New technologies are changing how data and reports can be delivered, and as security features become standard in more mobile devices, online and mobile payment will provide opportunities for banks to further set themselves apart.
The Dodd-Frank bill increases compliance requirements for retail banks and is being called the most important piece of financial legislation since the Glass-Steagall Act in 1933. While the full bill is a must read for all banks, Intel has provided a much simpler fact sheet that to help executives and IT professionals get up to speed on the new requirements.
Cloud computing and laptop virtualization are important technologies that will change how risk is computed and delivered. Keeping today’s IT professionals in mind, Intel has developed powerful processors and cloud-computing solutions that enable banks to manage risk in a secure computing environment.