News & Commentary
Content posted in February 2002
Financial Industry To Serve a Watchdog Role In USA PATRIOT Act
News  |  2/21/2002  | 
Bankers and regulators at a recent BAFT conference discussed the strategic issues facing the industry in the new regulatory and economic environment.
Disaster Recovery and EBPP Spending To Rise In 2002
News  |  2/21/2002  | 
Heightened sensitivity to IT security post-September 11 and the need to boost technology ROI will lead to an increase in disaster recovery and EBPP spending at banks, according to Datamonitor.
Smart Cards Producers Look To Widen Niche
News  |  2/21/2002  | 
Still considered a specialty device, smart cards look to improve consumer acceptance by increasing functionality.
Executive Changes
News  |  2/21/2002  | 
Roy T. Fielding, Ph.D, named chief scientist for Day, a provider of business unification solutions; Cort H. Pouch appointed vice president of global sales for DWL Inc., a unified business service provider; Robert Pavich appointed vice president of banking solutions for Centerpost Corporation, a provider of automated communications solutions.
International Bytes
News  |  2/21/2002  | 
Bancaroma Group subsidiary implements Sungard's Decalog straight-through processing solution; South African financial institutions join PRISM, a national credit card fraud detection system developed by Retail Decisions; Halifax Cetelem Credit Ltd implements an automated, external communication system from Docucorp International.
North America Bytes
News  |  2/21/2002  | 
AgFirst Farm Credit Bank to use ALLTEL's ACBS to service its portfolio of syndicated and participated commercial loans; JPMorgan Investor Services has launched a new third-party compliance feature; First Federal Bank of Hazelton adds the ZEUS CRM solution from S1 Corporation.
Association Update
News  |  2/21/2002  | 
The Professional Risk Managers' International Association taps Financial Engineering Associates as its first corporate sponsor; The Equipment Leasing Association's (ELA) annual Investor Conference will be held on March 5 at the Essex House in New York City; PC Flank has designed a free test to see how much invisibility is afforded by eight of the most popular firewall products.
Citibank Offers Corporations Liquidity "alterna"-tives
News  |  2/8/2002  | 
Citibank has joined Abix, the Alterna Bank Information Exchange, which helps corporations to view a snapshot of their global cash position by drawing information from multiple countries, banking relationships and enterprise systems
Citibank Installs Enterprise Banking Solution To Standardize Business Processes
News  |  2/8/2002  | 
Flexcube from i-flex allows Citibank to offer a single standard interface to users around the world.
RBC Turns To AmericaSoftware For Anti-Money Laundering Compliance
News  |  2/8/2002  | 
Making sure transactions comply with the USA PATRIOT ACT isn't something that can be done by hand, according to Royal Bank of Canada officials.
Sonoma Bank Uses BancLease Product To Launch Its Own Leasing Program
News  |  2/8/2002  | 
BancLease software provides Sonoma Bank with end-to-end leasing capability.
Favored Customers Don't Always Receive Superior Service
News  |  2/8/2002  | 
Recent Gomez research suggests that some top banks are providing existing customers with service that doesn't meet the standard provided through contact methods open to the public.
Executive Update
News  |  2/8/2002  | 
Chris Maityard has been appointed chief financial officer for Caplin Systems Ltd; Peter Golden named chief technology officer for e-portals; Michael Winn joins the Board of Directors for Instant-Bank.
International Bytes
News  |  2/8/2002  | 
JP Morgan acquires majority holding in FundsHub, a European outsourced fund supermarket solutions provider; American Express Bank in Singapore installs wealth management software from Fincentric Corporation; F&C Management Ltd uses Radianz extranet to route FIX orders to brokers worldwide.
North America Bytes
News  |  2/8/2002  | 
Merchants Bank to use marketing CRM product from Proscape Technologies to power CommerceLYNX Business Banking offering; FirstService Bank chooses Raymond James Financial Services to provide full-service investment programs; Countrywide Credit Industries to standardize its customer and employee-facing operations to Siebel 7; National City Corporation subsidiary forms strategic relationship with InsureZone.
Association Update
News  |  2/8/2002  | 
Gilson & Associates, IBM and Carreker to jointly sponsor the annual CPCS Sharing the Knowledge conference; The Securities Industry Middleware Council unveils plans for its third annual security update meeting.
Wachovia Discovers Cure for RFP Blues
News  |  2/4/2002  | 
Application helps banks create front-end business-to-customer documents like requests for information and requests for proposals.
The Business Case for Biometrics
News  |  2/4/2002  | 
The IDs of the future may be biometric: fingerprints, voice recognition, iris scans and other technologies based on anatomical features unique to an individual. Experts also mention digital signatures.
Building Applications
News  |  2/4/2002  | 
ABN AMRO expands its presence in the United States through several acquisitions and e-commerce initiatives.
FishMarket Scales Up
News  |  2/4/2002  | 
The business customers of FishMarket, a global fish trading and auction service based in Scandinavia that's currently in its pilot phase, needed to feel safe with buying and selling fish and seafood online.
Banks Sign On to B2B Standard
News  |  2/4/2002  | 
Fifteen global financial institutions invest in the Identrus-based Project Eleanor, aimed at providing secure direct business-to-business payments on the Internet.
Net Gains
News  |  2/4/2002  | 
Wells Fargo teams with Oracle to speed online procurement .
Analyze This: Connecting The Dots
News  |  2/4/2002  | 
Large companies depend on real-time analytics software not only for CRM, but also to assess performance against competitors and the market.
Analyze This
News  |  2/4/2002  | 
Banks increasingly rely on a CRM systems to better target marketing efforts.
Space At The Table: Global Muscle Powers Citigroup B2B
News  |  2/4/2002  | 
In an economy rapidly shedding its borders, financial technology provides the ways and the means for global commerce to flourish.
Space At The Table: Banks seek a niche in the evolving B2B exchange marketplace
News  |  2/4/2002  | 
First International Bank early last year signed partnerships with several B2B exchanges.
Credit Union Chooses Fincentric Software
News  |  2/4/2002  | 
Kootenay Savings Credit Union licenses the i-Wealthview software system from Fincentric.
UNCB Taps Outsourcing Provider
News  |  2/4/2002  | 
Union National Community Bank's core processing platform is hindering its speed to market, hence limiting its ability to compete.
Bank Gets Texas-Sized Boost in Throughput
News  |  2/4/2002  | 
IBC searches for a new core banking application to replace its mainframe system, the short list of requirements included customization, scalability and ease-of-use.
Bank Selects Check Conversion Ware
News  |  2/4/2002  | 
Central Bank taps CheckFree's Returnworks, Remitworks and MICRworks solutions for check conversion.
Regions Moves Online Banking In-House
News  |  2/4/2002  | 
Regions Financial Corp. is one of the first financial institutions to benefit from a new partnership between S1 and IBM to offer a total e-finance solution.
CIBC Taps PeopleSoft HR System
News  |  2/4/2002  | 
CIBC turns to the PeopleSoft 8 HRMS application suite to streamline its HR business processes and provide employees with improved access to key HR information and services.
World Briefs
News  |  2/4/2002  | 
Mortgage 2000 Group licenses WebLogic e-business software from BEA Systems to power its moneysupermarket.com aggregation service.
Bank Is First To Build Data Warehouse in China
News  |  2/4/2002  | 
China Construction Bank has selects Teradata to build the first enterprise data warehouse in China's banking history.
Halifax Installs Antivirus System
News  |  2/4/2002  | 
Any Halifax machine connected directly or indirectly, to our corporate network must have a demonstrable antivirus solution installed on it.
BANK BYTES
News  |  2/4/2002  | 
Bank of America signs $71 million, seven-year ATM servicing agreement with Diebold; Texas Bay Area Credit Union installs 816 Audio System, a communication system for drive-up teller stations from Diebold; BB&T licenses RECON-Plus.
Banks Mulling New Product Ideas
News  |  2/1/2002  | 
Could the current account mortgage disrupt the traditional U.S. retail financial services model?
Bank of Montreal Wins Government Contract
News  |  2/1/2002  | 
Bank of Montreal wins a four-year contract to provide procurement card services to more than 100 Canadian federal government departments and agencies.
Bank One and Microsoft Ink Deal
News  |  2/1/2002  | 
Bank One and Microsoft recently negotiated a three-year strategic relationship, valued at more than $30 million.
Fed Check Proposal Has Banks Worried
News  |  2/1/2002  | 
The banking industry is unenthusiastic about the Federal Reserve's proposed Check Truncation Act.
Out With The Old
News  |  2/1/2002  | 
This issue of BS&T is the first produced in 2002; finally, we're able to join everyone else in bidding adieu to a troublesome 2001.


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