News & Commentary
Content posted in May 2003
Making It Out Of Clay
News  |  5/27/2003  | 
Bank Systems & Technology readers should not be surprised to learn that such an important legacy as cuneiform writing has prominent roots in financial technology.
How e-Learning Can Facilitate Rapid Compliance
News  |  5/27/2003  | 
As the government pays closer attention to the way America does business, corporations are being held more accountable for the accessibility of their organizations' information.
Provident Bank Mines Check Images for Gold
News  |  5/27/2003  | 
Imaging is helping Provident Bank boost revenues and reduce fraud.
Investment Banks Buy Into Video Networks
News  |  5/27/2003  | 
Two-way video communications, once a futuristic vision, is taking hold at banks and investment firms.
Clear Vision
News  |  5/27/2003  | 
Neubert talks about the impetus behind The Clearing House's recent merger with the Chicago Clearing House Association and how the combined organization is preparing for Check 21.
Penn Trust Taps SEI
News  |  5/27/2003  | 
Pennsylvania Trust renews its trust department outsourcing contract with SEI Investments for another six years.
RiskMetrics Builds a Better Model With Arrakis Platform
News  |  5/27/2003  | 
RiskMetrics Group has acquired Arrakis, a risk management platform, from JP Morgan Chase.
Citigroup Debuts Aggregation Service
News  |  5/27/2003  | 
Citigroup Private Bank has introduced a client account analysis and reporting tool.
Wealthy and Wise
News  |  5/27/2003  | 
Adoption of wealth management technology will be steady over the next five years across North America, Europe and Asia-Pacific, according to Celent Communications.
A Better Pitch
News  |  5/27/2003  | 
Once treated by banks as a stepchild, insurance now figures prominently in their overall relationship management strategies.
Personal Protection
News  |  5/27/2003  | 
Consumer demand for better ID security has banks scrambling to upgrade identification, verification and authentication procedures and practices
Missouri-based Bank Taps Aurum
News  |  5/27/2003  | 
North American Savings Bank has selected Aurum Technology to deliver a comprehensive information technology solution, encompassing core processing, check imaging, ATM solutions and business intelligence capabilities.
Profitability Software Pays Off for Bellco CU
News  |  5/27/2003  | 
Bellco Credit Union installs profitability analysis system.
Intrieve A Winner In Blue Grass State
News  |  5/27/2003  | 
First Federal Savings Bank of Frankfort contracts with Intrieve for core and item processing services.
Site Management Software Deployed by Bank
News  |  5/27/2003  | 
Location, location, location. It's something that interests banks as much as real estate agents, and determining where to locate branches is one of the most important decisions a bank can make.
Leesport Financial Taps Metavante
News  |  5/27/2003  | 
When Leesport Financial decided to change the way it processed information, it had a good reason. The $562 million institution, which offers banking, insurance and wealth management services, needed continuity and a customer-focused system.
Quality Control
News  |  5/27/2003  | 
SunTrust Banks installs site management suite to automate the identification and management of content quality, privacy and compliance.
Web Access Provides Big Payoff At RBC
News  |  5/27/2003  | 
RBC Royal Bank's Web-based data retrieval system has delivered a 1,200 percent return on investment in one year.
Polish Bank Installs Exception Software
News  |  5/27/2003  | 
Bank BPH PBK goes live with the CityNet exception processing (TIPS) module from City Networks, a provider of software and services to the treasury, securities and derivatives markets.
World Briefs
News  |  5/27/2003  | 
Stroud & Swindon Building Society installs IDM from Tower Technology;United Overseas Bank installs customer relationship management software from Siebel Systems; DZ Bank selects Mint, from SunGard Business Integration, to link to the SWIFTnet network.
ICBC Selects Hypercom Terminals
News  |  5/27/2003  | 
ICBC selects Hypercom as its preferred provider of card payment terminals and technology.
ABN AMRO Links Up With SunGard
News  |  5/27/2003  | 
ABN AMRO is offering corporate clients of SunGard Treasury Systems direct access from their treasury management systems to ABN AMRO's cash management services.
Canada-Based Bank Inks IBM Deal
News  |  5/27/2003  | 
National Bank of Canada has turned over its brokerage IT operations to IBM under an outsourcing agreement.
Fiserv and SVPCo To Exchange Images
News  |  5/27/2003  | 
Fiserv and SVPCo have agreed to establish system connectivity to allow for electronic exchange of check data and images.
Bank Bytes
News  |  5/27/2003  | 
Fifth Third Bank licenses Consumer Banking Solution; Fifth Third installs ImageMark Archive; City National Bank licenses Automated Clearing House Processing System from eFunds.
Banks Move More Jobs Overseas, Study Says
News  |  5/27/2003  | 
U.S. financial services firms are planning to relocate more than 500,000 jobs overseas-more than 8 percent of their workforce-over the next five years.
Privacy Gets A Public Airing
News  |  5/27/2003  | 
Check 21 law not about data mining, industry spokesman asserts at congressional hearing
Safety First
News  |  5/27/2003  | 
A recent spate of bank robberies in the New York City area has made branch safety making the news.
Plan Administrators Seek Access to the Workplace
News  |  5/23/2003  | 
With many households desperately seeking financial advice, retirement plan administrators hope to gain entry to the workplace in order to provide it.
Mapping Out BCP Guidelines
News  |  5/23/2003  | 
Business continuity planning guidelines will be largely declawed in their final form, according to the Securities and Exchange Commission, the Federal Reserve System and the Office of the Comptroller of the Currency.
Banks Adopt Technology In Response to SARS
News  |  5/23/2003  | 
Electronic communications, operational resilience and Internet service delivery have become essential for banks in SARS-affected areas.
Financial Privacy To Take The Floor
News  |  5/19/2003  | 
Fair Credit Reporting Act and other legislation may have to accommodate "opt-in" privacy provisions.
Accepting The Risk
News  |  5/19/2003  | 
Banks need to better understand their risks to satisfy new rules.
Japanese Bank IT: Strategic Investment in an Uncertain Market
News  |  5/19/2003  | 
Technology spending at Japanese banks will reach an estimated $11.8 billion for FYE March 2004, according to Celent estimates.
For MetLife, Commerce Bank Processes More Than Just Checks
News  |  5/12/2003  | 
Commerce Bank creates digital images of "everything that comes in the envelope, including the envelope," sending the information directly into MetLife's archive for its small business customers.
Warehouse Data Earns Its Keep
News  |  5/12/2003  | 
MasterCard has converted 50 terabytes of transactional and financial data into a business-intelligence engine for use by banks and MasterCard employees.
Citibank Loses Top Spot In Gomez Rankings
News  |  5/12/2003  | 
The country's largest banks are rapidly improving the functionality and usability of their online offerings to more effectively cross-sell products and services, generate greater cost savings and more efficiently monetize their fast growing Internet customer base, according to the Gomez Q2 2003 Internet Banker Scorecard.
Fixing Systemic Breakdowns in American Business
News  |  5/5/2003  | 
Restoring confidence in American business will require better rules, improved access to information, and the stricter corporate governance provisions of the Sarbanes-Oxley Act, said regulators, policymakers and executives at a recent conference.
RBC Royal Bank Reconstructs Bank Statements
News  |  5/5/2003  | 
RBC Royal Bank can re-create bank statements for any of its approximately 12 million customers, and its risk-management, anti-fraud and anti-terrorism units also stand to benefit.
Homeland Security Rules Heighten Need For Supply-Chain Automation
News  |  5/5/2003  | 
Industry experts believe that anti-terrorist regulations will push adoption of international logistics systems and other applications.


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