The bank tech vendor landscape - more or less
By Art Gillis
The brevity of this message is backed by about 450 pages of details about what's going on in the world of bank technology. Here's just one glimpse.
This year, there are 84 companies in the report. That's 17% fewer than last year, and the reason is a common one - mergers and acquisitions. Some of the M&A activity happens faster than the time it takes for an invesment banker to lace up his wing tips. Cyota was acquired by RSA Security this year and EMC just acquired RSA. A han
SOA: At Your Service
Speaking at the SIA conference held last week in New York, Carol Dow, principal in corporate technology services at The Vanguard Group, explained that, as a business-driven approach to technology, service-oriented architecture (SOA) allows companies to innovate by ensuring that their IT systems can adapt quickly, easily and economically to support rapidly changing business needs.
Demand for International Trading Booms
According to TowerGroup's Peter Delano, who spoke at last week's SIA Conference in New York, the demand for trading solutions that specifically facilitate international trading will continue to grow.
It's true, outsourcing is gaining as a way to do core apps processing
By Art Gillis
The numbers are in, and even though in-house is still a preferred method for community banks, outsourcing has gained in popularity. In 2005, new buy decisions among banks, thrifts and credit unions were as follows:
In the years before 2005, outsourcing ran at about 23%. The reasons most bankers give for this turnaround is attributed to the increased complexity of maintaining a fully compliant and secure system. Another reason is the expansio
Consumers Want It Their Way; All Banking Is Local; Getting Out of the 1960s; Mapping Outbreaks; Seniors Logged On; Be Prepared; Playing by the Rules;
CheckPlus 5.0: Three-for-All; Wausau Processes Paper and Images; Mobile Recovery Units
North Island Credit Union ensures service availability with XOsoft data replication solution.
Protecting customer records is much less expensive than paying for cleanup after a data breach or massive records loss, according to Stamford, Conn.-based Gartner.
Lands of Opportunity
Despite the challenges, emerging markets are an increasingly attractive outlet for U.S. banks.
Beating the Community Bank Drum
Bridge Community Bank (Mount Vernon, Iowa; $54 million in assets) is a rural community bank with a can-do attitude toward technology.
Back to School
Wachovia targets students with all-in-one college ID and bank card.
Karma on a Hanger
An article that appeared in The Times earlier this month inspired an amazing number of passionate and angry letters from women (and a few sympathetic men), all sounding variations on this theme: Don't I -- and my money -- matter?
The most popular gripe about technology - It takes too long for vendors to deliver new stuff
By Art Gillis
That's what bankers are saying, and I can't blame them because the world is turning into a real-time environment. Everyone is living in an instant time cycle. If you think there's a solution to a problem, you want to see it right away. But I see something else. There are two parts to how long something takes.
1. Transactions occur in nanoseconds.
2. Personnel-based work efforts take forever.
It's the second category that gets all the gripes. For example, when has Microso
Ticonderoga #3, Eberhard Faber eraser, columnar ruled pads, hand-held calculator - Tools I can do without
By Art Gillis
One of the first banking applications to find its way onto a PC in the mid-seventies was Asset/Liability Management. And it was a perfect marriage because ALM was about modeling. "Try this and see what you get." In the days of manual grunt work, "try this" meant only one, two or three what-ifs because it required a lot of tedious work, and bankers were too busy pushing paper from one station to another.
When I asked bankers what they liked about the PC-based solutions, they a