Banking Wire articles from April 2004

Banking Wire archives from April 2004

Oswego Seizes IT Control After Shifting Its Focus.
April 1, 2004... Outsourcing is grabbing the headlines, but there's also a lot of firms choosing to keep their tech operations in-house. And some, like community bank Oswego County National, are reversing earlier decisions to outsource. The Upstate New...

Managing Risk Across Bank Lines.
April 1, 2004... Risk mitigation has long been part of the culture of financial institutions-with lending getting particular attention. After all, lending is based on numbers. Risk ratings, overall portfolio performance, concentrations, rate spreads, fees,...

Value and the IT Arms Race.
April 1, 2004... Information technology has now been integrated into most companies' basic business platforms. Indeed, the automation phase-systematizing tasks that were once done manually-has ended, and the connectivity phase-linking internal systems and...

How to Get Ahead of the Curve on CRA Compliance.
April 1, 2004... A bank's outstanding CRA rating -the grade for how well the bank followed the Community Reinvestment Act-used to be the mark of excellence a CRA professional sought out. With increasing pressure from top management to enhance profitability and...

Mercury Rising As 100th Credit Union Converts.
April 1, 2004... Aurum Technology, a provider of open and integrated technology-based solutions, said it has converted its 100th credit union customer to the company's Windows-based Mercury core processing platform. With its conversion completed at the end of...

OSI, BISYS In Agreement; OACU Selects Firm.
April 1, 2004... Open Solutions Inc. said it is expanding its relationship with BISYS, a provider of business process outsourcing solutions. The expanded relationship will allow BISYS banking clients to leverage Open Solutions' outsourced check image and check...

The CU Journal Daily.
April 1, 2004... Border CUs Join Home Coalition EL PASO, Texas-Credit unions here have joined with Fannie Mae and public sector groups to develop the American Dream Commitment for the Border Region, a six-year plan to finance up to $4 billion in affordable...

Study Suggests Sarbanes-Oxley Should Kick Start Tech.
April 1, 2004... A new study suggests that despite enormous attention to the Sarbanes-Oxley Act itself, relatively little consideration has been paid to the role of technology in helping financial institutions meet compliance requirements-or to the long-term...

Judge Won't Block Malicious Bison FCU Website.
April 1, 2004... A state judge refused to block a malicious website created by a disgruntled former employee at Bison Federal Credit Union, ruling the ex-worker has the right to skewer the credit union on the Internet because of her constitutional right to...

Technology News.
April 1, 2004... Potelco United Selects Reed Data POCATELLO, Idaho-Potelco United Credit Union has selected Midway, Utah-based Reed Data, Inc. (RDI), a supplier of electronic document, IT outsourcing, optical archiving and disaster recovery systems, to...