Stock market performance reaches a high that most bank tech stocks would love to copy
By Art Gillis
There are hundreds of checks and balances I use in the selection of the best core apps solution for a client. The price of a vendor's stock is not one of them. And what I know about the stock market is like what a pharmacist knows about brain surgery. "Whadya got for a headache?" "Let me open your skull to see what's wrong."
But I confess to keeping track of bank tech stocks in my report "Automation in Banking." Prices are tracked from April to April. Having noticed the D
Debate Down Under
In the world of payments, it's the proverbial best and worst (or, at least, most challenging) of times.
Study: Data Breaches Becoming More Expensive
The 2006 average was $182 per compromised record, including the cost of detection, escalation, notification, and follow-up help to victims. The Ponemon Institute's 2005 study cited a figure of $132 per record.
My 11 picks for core solutions
By Art Gillis
I am pleased to offer banktech.com/blog readers my 11 picks, along with the following explanations:
- I'd have to retrieve the work papers for the 300 client assignments in order to provide the reasons each winner scored the strongest relative to the criteria that were most important at each bank. That's not a task I want to spend months on right now.
- The 11 picks were winners the day I delivered my recommendations and they are still proving it today at those ban
Outsourcing Sizes Up Smaller Deals
The number of outsourcing contracts topping $500 million is declining, which smaller contracts of less than $250 million are rising dramatically, an IDC report says.
Basel II Drives ERM
The consensus among bankers and experts is that Basel II is the driving force behind enterprise risk management (ERM). By January 2008, Basel II guidelines will be required for U.S. institutions with $250 billion or more in assets or $10 billion or more in foreign assets.
Traditionally touted for their cost savings and enhanced functionality, Voice Over Internet Protocol (VOIP) and IP telephony now are helping banks to improve resource management, business continuity, customer service and overall performance.
Delegation of Duties
Mid-State Bank & Trust cuts customer statement production and mailing time in half.