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The transfers thing yes (although it's cultural to an extent). The Clearing House's Real Time Payments network has launched in Jan. but people are not that used
by qaq 7y ago
The transfers thing yes (although it's cultural to an extent). The Clearing House's Real Time Payments network has launched in Jan. but people are not that used to products using it. On security side Chase's security spend dwarfs even largest security firms. If I remember correctly they spend on the order of 4 billion per year on security which among other things allows them to be running world class security team.
- Denvercoder9 7y agoExpensive security and good security are two entirely different, often uncorrelated, things.
- qaq 7y agoIn a market where competent candidates start at 300K+ you can't hire a good team unless you a) have resource b)are actually willing to pay for talent. Chase actually has a very competent team. I have doubts there are many (any?) EU banks who's team is on par with Chase.
- neffy 7y agoYes, well, so the way it is in banking if you don´t have a competent security team, you won´t be in business for very long. And banks in general, everywhere and anywhere, have been in the business of security for a very long time indeed. I´m sure American banks have very competent teams. So do the Europeans. Behind the scenes they all also tend to collaborate quite a lot in this area at least.
- qaq 7y ago" if you don´t have a competent security team, you won´t be in business for very long" oh that what logic would have you believe and yet it very far from reality.