James Baumgartner has been appointed president and CEO of Moneris Solutions Corporation; Sally Larson Sargent named senior VP of the Personal Trust Group for Harris Trust and Savings Bank; Ghislaine Austin becomes chief investment officer and managing director for a wealth management division of First Investment Advisors; Jim beams to head new Custom Research division of Meridien Research; Richard J. Bell leaves TowerGroup.
Deutsche Bank enters custody service alliance with Bank of China; Dresdner Kleinwort Wasserstein installs new server from Financial Fusion; ABN AMRO taps Bridge Information Services technology to provide real-time financial data at its branches; Overseas Union Bank pilots CCEWeb's GlobalTrade Secure Payment and Trade Management system.
NORTH AMERICA BYTES
J.P. Morgan Chase installs INEA enterprise analytic software; Bank of Montreal goes live with Oracle's online procurement service; Federal Home Bank of New York uses Principia Partners tools to meet FAS 133 derivatives standards; Crescent State Bank taps transaction-based finance management software from eRevenue; Fifth Third Bank selects a VASCO and Blockade Systems security package to control remote access.
TRADE SHOW / ASSOCIATION UPDATE
BB&T Corporation joins NACHA; Speakers announced for the fifth annual Trema World Forum in Monaco; JavaOne show to focus on the latest uses for Java technology.
Turning Bills Into Bits
Tim Barnett, chief technology officer, Barnett discusses the Spectrum business model and the future of electronic bill payment and presentment (EBPP).
Imagine There's No Paper
Banks turn to electronic image and archive systems to ease the burdens associated with traditional check processing.
A Uniform Approach
FS 9000 benchmarking helps financial institutions cope with consolidation and may lead to greater industry cooperation
Bankers hope new technology and internal initiatives wash away money laundering woes.
FleetBoston Offers Online Storage Tool
FleetBoston has introduced a Web-based safe deposit box for online document storage that also takes advantage of one of the real powers of the
Internet: the ability to collaborate with people online.
Huntington Bancshares Claims Patent Infringement
Huntington Bancshares' legal claim against the Clearing House Association of the Southwest has brought renewed attention to the patenting of
previously established, routine business practices.
B2B Trust Backs Away From IPO
Succumbing to the recent market downcurve, B2B Trust, a wholly-owned subsidiary of Laurentian Bank of Canada, has scratched its plans to go public, at least for now.
Technology can do a lot of wonderful things. The one thing it can't do, however, is sell itself.
David Golden and Julie Richardson to co-head J.P. Morgan Chase investment banking division; The Risk Management Association names Maurice Hartigan president and CEO; Natalie Taaffe appointed senior vice president at Bridge Bank of Silicon Valley; Colonial Bancgroup promotes Sally Hudson to director of information technology.
ABN AMRO selects CRM package from Data Distilleries; OVAG to install Summit Systems back office operations software; Royal Bank of Scotland to use Chordiant CRM platform; HPC Group taps RadianzNet extranet to distribute new trading platform to banks; Commercial Bank of Zimbabwe installs MKI eBanking solution.
NORTH AMERICA BYTES
Bank of New York partners to form Encompys, a company that will market an STP solution to asset managers; Mosaic Software helps E*Trade Bank move toward bank-brokerage funds at ATMs; Bank of America selects a global trade finance platform from S1; PNC Treasury management to add payment products from Politzer & HANEY; CIBC installs Financial Models' Windows 2000 server platform at its branches
Trade Show/Association Update
NACHA announced new task force to explore the future of ACH payments; BITS released guidelines for consumers interested in aggregation services; The Risk Management Association announced speaker lineup for its upcoming conference on Capital Management.