Mary Beth Farrell appointed executive vice president of Finance and Corporate Administrative Services at AXA Client Solutions; Dr Anthony W. Kirby named group marketing director at Reuters; Anthony Malak joins Francotyp-Postalia, Inc as vice president of operations.
Dresdner Bank Group selects Accelio Corporation product to automate their credit worthiness scoring and rating process; Deutsche Bundesbank implements Trema's Finance KIT 5.0 to manage its foreign currency reserves; KBC Bank NV uses SunGard eProcess Intelligence's intelliMATCH to match and reconcile securities items and related cash.
TRADE SHOW/ASSOCIATION UPDATE
The Smart Card Alliance unveils conference plans; FSTC-member institutions launch a three-month validation test of WAP 1.2.1 mobile transactions; New conference showcasing successful applications of Biometric Technologies launched.
Hitting The Account Aggregation Sweet Spot
Gomez research shows that nearly two-thirds of Active Web Bankers show "top-box" interest in account aggregation, as long as their bank offers it and integrates it with the account management offering.
Brady M. Cole to serve on NACHA Board of Directors; Jennifer L. Blevins joins AXA Financial as executive vice president in charge of Human Resources; David K. Chui has been named to the Board of Directors of Bridge Bank of Silicon Valley.
City Card Systems AG signs an agreement with SCM Microsystems for 10,000 smart card terminals; JPMorgan Investor Services converts asset managers to the new SWIFT messaging standards; The African Banking Corporation signs a software deal with AXS-One Inc.
North America Bytes
Douglas National Bank taps Raymond James Financial Services to provide investment programs to its services department; MasterCard RPPS launches a campaign to raise public awareness of EBPP services; TSYS signs a five-year credit card processing agreement with CIBC.
Association/Trade Show Update
NACHA to provide educational resources on managing risk and preventing fraud associated with Internet-initiated payments; MISMO re-elects ALLTEL to its governance committee; White House cybersecurity czar Richard Clarke will headline the list of speakers at the RSA Conference 2002.
Many technology experts believe EBPP will come to rule the payment process stems from the success the medium has had in the business-to-business sphere.
Bricks And Mocha
Washington Mutual grows through acquisition to become a $229 billion emerging power in mortgage market and in commercial and consumer banking.
Web-Based Content Management Takes Hold As Banks Push More Documents Online.
PUSH AND PAY
The Federal Reserve's announcement that the number of checks written in the U.S. has dropped from 65 billion to 49.6 billion annually is proof that electronic payments is no pipe dream.
Bank of Greece lives with Finance KIT; Gomoslaski Bank licenses Profile; Chinese Banking Corp. selects Content Infrastructure.
People's Bank licenses ProfitVision, a profitability measurement system from HNC Software; Commerce Bank is to provide wealth management services including trust processing; Ohio Savings Bank signs multi-year agreement with Fiserv to market Banklink, a cash management solution.
Union Planters is installing telephone contact management software as part of a new call system to be introduced in February; MasterCard International standardizes information storage systems from EMC, to boost online availability to member banks; FleetBoston launches corporate.fleet.com.
Banks Hampered by Lack of Customer Data, Study Finds
Financial institutions can analyze profitability at the organizational and product levels but the inability to adequately mine customer accounts has keeps them from incorporating consumer behavior into these calculations.