Jeffrey D. Schor joins J.P. Morgan Chase as national sales manager for its I-Solutions business; Ramon de Oliveira elected to SunGard's Board of Directors; Simon Tizard appointed commercial director for BITA Plus Consultants; Leonie Alsop named head of global marketing for Tamesis.
Deutsche Bank and Wall Street Systems launch the Settlement & Operations Clearing exchange (SOCX); Suncorp Metway unveils new online banking system from Corillian Corp.; DGZ-DekaBank enhances its e-services using open analytical CRM software products from DataDistilleries; Danske Bank installs Syntegra's ITS voice trading technology; IntesaBci chooses mpct's CLS Server to power its continuous linked settlement services.
North America Bytes
KeyCorp and Yodlee introduce Complete Picture aggregation service; The Bank of the West utilizes online network vulnerability scanning service from Qualys Inc.; Sovereign Bank enters into a strategic partnership with InsureZone; J.P. Morgan Chase creates Chase Workplace Financial Services Gateway using technology from Dimension Data; ALLTEL unveils Mortgage PhD, a Web-based clearinghouse of information and services designed for the mortgage industry.
Trade Show/Association Update
NACHA creates new e-check application; 2001 XML on Wall Street announces speakers; CARTES 2001 Congress, a show devoted to smart cards, to take place in Paris.
Rules of Attraction
"They can serve you a mean espresso and let you know about financial products."
ING Fast Tracks Sales Integration
Several megabanks are racing to build converged and integrated financial institutions in the hopes of attaining economies of scale and economies of scope.
I am surprised someone in the banking journalism field was confused about ATM fees.
LabMorgan is the "e-transformation" unit of J.P. Morgan Chase.
A Net Gain
Pacific Continental Bank makes the move to browser-based imaging and discovers new revenue stream.
Getting to Know You
Integrated CRM technology assures banks attract and retain only the most profitable customers.
Provident Bank selects Aurum Technology to provide image-based item processing and back-office support services.
TERROR ATTACKS STING BANK OF NEW YORK EARNINGS
Bank of New York anticipates that earnings for the third quarter of 2001 will be negatively impacted by $125 million, or 17 cents per share, as a direct result of the World Trade Center disaster.
OFX EXCHANGE ADDS MEMBERS
Bank of America, Citigroup, E*TRADE, TD Waterhouse and Corillian will help chart the future of Open Financial Exchange (OFX) as members of the Open Financial Exchange Consortium.
ING Capital Advisors promotes Michael Campbell to managing partner; Martin Davis appointed executive vice president, International, for Corillian Corporation; Mike Hart names relationship manager, Asset Management for bfinance; James L. Sullivan elected to Board of Directors for SS&C Technologies.
Fortis Bank N.V. licenses a money transfer system from Intranet Incorporated; Royal Bank of Trinidad and Tobago enters product renewal agreement with ALLTEL; The Brazilian Federation of Private Banks taps Recall Corporation for recalculation project; Polish economic students to learn about banking using application package donated by Sanchez Computer Associates.
NORTH AMERICA BYTES
Spectrum EBP signs agreement with Billserv Incorporated; SunTrust Banks licenses platform technology from Corillian Corporation; National Bank of Canada inks deal with Basis 100 for mortgage automation package; United California Bank launches new Web site using NOVO technology.
TRADE SHOW/ASSOCIATION UPDATE
America's Community Bankers enters educational agreement with the Risk Management Association; S1 Corporation reschedules its Customer Forum 2001 event; NACHA unveils dates for future shows.