Bank Technology News articles from July 2007

Bank Technology News archives from July 2007

Online Banking: Mellon Plots Its Merger of Wealth Services: Single platform bridges retail, business, advisory divide.(Mellon Financial Corp. using Enterprise Banker from Transaction Systems Architects Inc.)
July 1, 2007... As the lines blur between the needs of institutional investors and individual high-net-worth portfolios, so do the retail and commercial distinctions for Pittsburgh-based Mellon Financial. Mellon in June announced it will be consolidating...

Wholesale Banking: Client Demands Force B2Bank Integration: Need for real-time capabilities prompt industry change.(Russell Investment Group)
July 1, 2007... Over the years, Russell Investment Group developed an internal expertise to handle data interchange with its clients and partners. IT teams for the Tacoma, WA-based company would patiently work through the tedium of syncing protocols and...

Emerging Markets: Finding the Channel: Standard Charter's custom Web delivery fills overseas gaps.(Standard Chartered Bank PLC's Straight2Bank software)
July 1, 2007... In the race to win business in emerging markets, it could turn out that the winner won't be the first to get there, but the first to meld Western technology and communications needs with disparate local communications standards. "To customize...

Edit Index.
July 1, 2007... A Aberdeen Group 32 ACI Worldwide 12 AFP 10 Agiliance 13 Aite Group 10, 12 American Express 31 AT&T 17 Axway 17 B Banamex 16 Bank of America 23 Bank of the West 31 Bank of...

The Politics Of Lending Loom Large Over the Unbanked.
July 1, 2007... Bankers are no strangers to the politics of lending, and they have been accused often of breaking their social contract with Americans. Recently, though, the social contract debate has taken on new meaning, one that centers on loan...

ACH Fraud: Clearing House Aims To Clean House: Chronic sources of bad ACH originations-including fraud-may be nearing the end of their privileges on the network.(Automated Clearing House)
July 1, 2007... Stepping up the pressure on third-party processors to police their ACH users, NACHA member institutions may decide later this summer on new network rules to strengthen fines or even ban originators with excessive unauthorized items. The...

News Makers.(banking industry financing flu epidemics)(Federal Reserve Board contracts with Unisys Corp.)(Harland Financial Solutions and its customer relationships management)(Brief article)
July 1, 2007... BANKS AND BIRD FLU: TESTING AMID TERROR A tuberculosis patient's unfettered, intercontinental journey showed the country's panic reflex is working. The U.S. Treasury wants to find out if banking's ability to handle an actual outbreak is a...

Techies.(Instinet Group Inc. appointed Fumiki Kondo, Anthony Abenante and Thomas Vogel )(Diebold Inc. promoted Leslie Pierce and appointed Michael Moore )(Relegence Corp. appointed Larry Joyce )(Brief article)
July 1, 2007... Robert Alexander, evp for Internet and Enterprise Customer Management at Capital One, will assume the role of CIO and head of ECM. He replaces Gregor Bailar, who is leaving to pursue philanthropic pursuits, according to the company. * Instinet...

Marketing: Targeting Women is Tricky; Better to Gauge Abilities: New research says mutual funds are ham-fisted when marketing to women via the Internet. The lesson: what counts is investor sophistication, not gender.
July 1, 2007... When it comes to reaching out to women investors in cyberspace, mutual funds are coming up short, and it could be costing them business in more ways than one. Corporate Insight says that most mutual funds don't provide any information or...

Message Board.
July 1, 2007... "It's killing two birds with one stone." Merci Verdin, group head, MasterCard, on how electronically managing travel can also boost card volume for the company. "You're figuring out whether [someone] was granted stock options on a...

Mobile Banking: Mobile Banking is Finally Almost Here. Really.: An adoption surge, fueled by user technology and industry convergence, is expected to propel mobile banking's march to the financial services mainstream within three years.(Brief article)
July 1, 2007... When industry researchers put mobile banking under a microscope, they truly need one. Users of cell phone and Blackberry-based banking services represent just one-third of one percent of all banking customers, according to analysis from Celent....

The New BITS President Discusses Group's Agenda: With a new risk industry veteran at the helm, the executive-level industry group shows signs of a stronger focus on security issues, while continuing established programs.(BITS Financial Services, Leigh Williams)(Interview)
July 1, 2007... BITS recently named industry risk policy expert Leigh Williams, a longtime BITS advisor, to take over for retiring CEO and founder Catherine Allen. Williams, who is a former chief risk and privacy officer of Fidelity Investments and senior...

Payments: Chasing The Bugs Out Of Invoicing: JPMorgan Chase and Banamex are among the banks offering new cards to business customers to improve automated billing and payment accuracy.
July 1, 2007... While Terminix has been terminating insects for a long time, killing the bugs in its own bill-ing process has proven even tougher. However, Terminix may have finally found a solution in a new tool from JPMorgan Chase, ExacTrac. ExacTrac...

Data Management: UMB Seeks the Full Promise of CRM: The bank is using a Web services platform that allows pieces of info to be extracted from different sources. That just might create the most complete customer snapshot yet.(UMB Bank N.A.'s customer relationship management techniques)
July 1, 2007... The promise of CRM has always been akin to someday being able to fish for data from one big pond. The catch has always been how to dump all of an institution's data into that pond. The solution chosen by UMB, which has operations in...

America's Great Divide: About 73 million people in the U.S. are unbanked or underbanked, a marketplace that is as diverse as it is unknown-often new to the U.S., frequently entrepreneurial and all lacking credit histories. Banks will find a bevy of new risk tools to help reach out to this market of emerging creditors.
July 1, 2007... The subprime mortgage troubles have grabbed a lot of headlines this year as delinquencies and foreclosures mount and lenders scramble to tighten underwriting standards and head off onerous new rules from a populist-minded Washington. But this...

Payments: RBS Targets U.S. for e-Payments Business: It's a huge payments player in Europe, and RBS hopes its multinational payments expertise can help it win business accounts in the United States.(Royal Bank of Scotland PLC)
July 1, 2007... Royal Bank of Scotland has just finished piloting an electronic payments service in the U.S. that will facilitate payments from local and foreign customers. It's goal is nothing less than to become the dominant payments player on both sides of...

Expense Management: Cost Controls Come In Many Flavors: Whether it is Bank of the West's human capital project, Amex's procurement savings or MasterCard's corporate travel initiative, there are lots of places to shave corporate costs.
July 1, 2007... Putting the right amount of staff in a branch at the right time is one very sticky wicket. Too many tellers and CSRs and you're over-extended and have needlessly inflated costs. Too few, and you've got grumbling customers waiting in line. ...

Financial Services Outsourcing: Not If, But When.
July 1, 2007... Doing more with less is the mantra for all financial services executives today. Continually improving operational excellence may seem like an impossible goal in a world where the volume of transactions increases exponentially, customer...