Novarica division of Novantas LLC names Madi Mantha principal and head of banking research, and Meredith Outwater senior analyst, banking practice, as it launches Banking Technology Research and Advisory Service.
The agility and cost-efficiency enabled by cloud computing has some large banks proactively testing the technology. But other bankers are cautiously awaiting answers to security and regulatory questions. Still others aren't even quite sure what cloud computing is.
Memphis, Tenn.-based First Tennessee Bank will begin in-house management of its computer technology infrastructure, including all servers and its mainframe, bringing 65 information technology jobs to a bank-staffed Maryville data center over the next 18 months.
Although he's in the midst of a major merger integration, Mekjian still makes IT innovation a priority, especially in the areas of mobile banking, payments and a new project manager workstation under development.