Citibank UK Finds Aggregation Loophole
In the face of legal challenges, Citibank U.K.'s "MyAccounts" service has had to refrain from aggregating customer accounts held by the major High Street banks. Citibank now thinks they have found away around this problem.
High Net Worth Market Grew in 2001 Despite Rough Economy
The events of September 11 and a continuing global economic slowdown did not deter the worldwide high net worth individual marketplace, which grew by three percent in 2001, according to a report released by Merrill Lynch and Cap Gemini Ernst & Young.
Integrated Analytics In The Financial Services World
In order to lead and succeed in this "Information Economy," financial services organizations need to have ready access to timely, accurate, consistent information across their entire value chain. Advanced analytic applications can provide this insight, according to a report by iAnalytics, a division of PwC Consulting.
Jeff Davison named president of Gasper Corporation; Capital Confirmation elects Board of Directors; Alterian appoints Brett S. Kilpatrick chief executive officer of North American operations; Paul Evans selected chief operating officer of Generation 5.
CIBC Tokyo implements Syntegra technology; Mellon Global Investments Chooses HelioGraph's STP solution; National City Corporation unveils FX services on Website.
North America Bytes
Wells Fargo joins the Electronic Payments Network; Commercebank licenses Harland's financial.center loan origination system; U.S. Bank enhances its S1 web banking system; Colonial Bank implements Alogent's item processing; BISYS provides One Group Administrative Services with college investment plan management system.
Wincor Nixdorf joins IFX Forum ATM/POS Working Group; ITsecurity.com launches the Security Clinic Compendium; Strohl Systems Conference set for September in Chicago; Digital Insight launches free corporate seminars on cash management.
Time To Upgrade To Multi-Modal Messaging
A switch to Multi-Modal Messaging will let banks send automated alerts and other messages on a large scale to any device, and allow the recipient to interact in real time on the same device.
Thomas Costa elected president of GSCC/MBSCC; SunGard Securities Processing names two new executives; Dennis Burgett appointed director of sales at Gilson & Associates; Peter Jones named president and COO of Castek Software Factory Inc.
European Investment Bank selects Trema Finance KIT as backbone system; China Merchants Bank implements Reuters Internet Toolkit; Banque Privee Edmond de Rothschild selects SunGard MINT ISO15022 software.
North America Bytes
Banknorth adds functionality to its online banking services; Citibank e-Business joins alterna Technologies Group's abix transaction network; Metcalf Bank finds National Source One's Teller Management System a plus.
Urgent e-mail from Nigeria telling me I have a chance to enrich myself to the tune of $10 million to $20 million; For those of you who have never been sent such a letter, consider yourselves fortunate.
IndyMac Bank Sticks With the Click
IndyMac Bank was anxious to avoid being tagged as just another wholesaler using outdated rate sheets when it began working with mortgage brokers.
Clearing the Air
CLS promises to mitigate much of the counterparty risk involved with settling high-value interbank payments.
The Next Wave of e-Finance
Interaction between banks and customers shrink with every digital innovation; the bank's role as trusted caretaker is diminishing.
B.C.-based Credit Union Taps Fincentric
Envision Credit Union faces a Solomon-like decision soon after it was created last year by the merger of Delta Credit Union and First Heritage Savings Credit Union.
A Private Arrangement
Banks and regulators work together to improve the policies that protect personal information.
Productivity Is Key To Outsourcing
Interest in IT outsourcing grows over the past few quarters, considering one of the first targets for expense control is the IT budget.
The Right Fit
Bank outsourcing strategies abound, the trick is finding the one that works best.