Thanks to deployment of technologies such as data warehouses and analytical tools, banks pursuing business intelligence strategies are reaping benefits in terms of greater profitability, improved service and stricter regulatory compliance.
Linux Marches on at SIA
Linux adoption has occurred in three stages, according to Dushant Shahrawat, senior analyst with TowerGroup, in a presentation at last month's SIA Technology Management Conference.
Bankers Can't Jump
Culture remains by far the biggest obstacle to the ability to sell financial products and services in banking organizations.
Data Mining on Check Images OK, Says Legal Expert
Banks that create and maintain check image archives on behalf of their customers have control over a potentially valuable source of marketing information. But tapping into that information requires careful consideration of state and national laws.
Job Security Curtails Security Outsourcing
Large companies such as Merrill Lynch find benefits in outsourcing security, but most firms still take the do-it-yourself approach, according to an InformationWeek survey.
It appears that claiming patent infringement is en vogue within the financial technology community, judging by Reuters' recent patent infringement accusation of Bloomberg.
Wachovia Database Exec Looks Back at First Union Merger
Big bank mergers have often brought with them tales of woe from customers ill served as a result of the integration of people, technology and operations. Such nightmares the integration team at Wachovia and First Union wanted to avoid.
Check Conversion in the US
Obsessed with the concept of "consumer check culture," the payment industry has convinced itself that converting checks to electronic debits for processing would be easier and cheaper than massively converting consumers to electronic payment instruments.