Like in many US regions, the local banks in North Miami Beach have all but disappeared, having been acquired by their larger rivals. But some of the area’s veteran bankers believe that industry consolidation has left a gap in the market for a community bank that caters to commercial customers, including small businesses. That is the rationale behind the formation of Marquis Bank (IO), which will open the doors of its first branch in summer 2007.

As the number and severity of security incidents have risen over the past few years, so has the importance of security management. Add to that regulatory pressures that are forcing firms to demonstrate operational risk controls and report the effectiveness and weaknesses of their control frameworks, and financial firms are facing security challenges like never before.