Natural-Language Search Engines
Weeding through thousands of pages of Web-site documents to locate the answer to a question can be a laborious process and a challenge outside the scope of many search engines. Now, financial institutions are turning to natural-language search engines to make them more efficient and improve the self-help capabilities of their Web sites.
BS&T editor, Paul Doocey writes about electronic filing and paperless processes
BS&T senior editor Ivan Schneider discusses the bad wrap Wall Street brokers have recently received from Hollywood.
CountryBank CEO, Terry Jorde discusses how the bank is using information technology to efficiently serve its agricultural and retail customers.
Bank Molds Solution To Fit Its Needs
UWCU successfully upgrades to Corillian Voyager 3.0 and enhances the online banking and bill payment services available to its more than 91,000 members.
Traditional methods of performance measurement break down when applied to online banking channels, according to a TowerGroup research report.
Charting A New Course
By Web-enabling their trade finance applications, banks are taking the headache out of obtaining letters of credit and other trade transactions. Yet the shipment of goods around the world remains a paper-bound process.
Imaging systems abound, but eliminating paper across all channels may be easier said than done
Arvest Bank Licenses Imaging Software
Arvest Bank licenses document capture products from Captiva Software to process incoming account applications, correspondence, loan and other financial documents and forms.
Liberty Bank Installs S1 System
Liberty Bank uses S1's teller, call center and sales and service platform to boost productivity and customer satisfaction across multiple interaction channels.
Scotiabank contracts with First Data to provide credit card processing services for its operations in the Caribbean and Central America; Deutsche Bank establishes FIX connectivity with Charles River Trading System; Bank Millennium installs ICBS, a core banking and teller solution from Fiserv.
Sumitomo Mitsui Opts For XBRL
Sumitomo Mitsui Banking Corp. expects to boost the efficiency of its trade processing thanks to a new XBRL-based system built by an NEC subsidiary.
HomeStreet Bank and Roebling Bank contract with Open Solutions for core banking services; Sandy Spring Bank licenses Web banking satisfaction software from ForeSee Results; EMC Mortgage installs PredatorAnalyzer from ComplianceEase.
CLS Bank Volumes Expected To Climb
The volume of instructions submitted through CLS Bank is predicted to increase 150 percent by the middle of 2005, according to research among its top banks.
Follow the Sun
Sun Microsystems has convinced 80 banks to port their core banking applications from IBM hardware to Sun servers.
Core Systems Replacement - The Time Is Now
Going forward, it will be almost impossible for a large financial institution to remain competitive without replacing its core system. That's why Celent predicts that up to half of the top 100 global banks will replace their core banking systems within the next few years.
Bank of America's Trade Finance Strategy
Bank of America, in conjunction with S1 Corporation, developed a trade finance purchase order processing system (known as POPS) that helps the bank to manage letters of credit, documentary collection and open account transactions on behalf of its customers and their trading partners.
Safe At Sea
Companies expect that the technologies that track and protect goods for security reasons will also provide greater visibility into supply chains and better management capabilities, and help speed goods through customs and other checkpoints along the way.
Beware The Dangers Of Outsourcing
Once upon a simpler time, when bulls roamed on Wall Street and Ken Lay had a job, outsourcing-services vendors worried that customers might run into financial trouble and not pay their bills. In 2003, though, it's the corporate executives who do the outsourcing who need to worry about the risks related to the business, financial, and operational viability of their vendors.