When Two Tech Companies Merge, Banks Want to See Integration of Systems but Tech Companies Focus on Integration of the Businesses.
Two weeks ago, I blogged about the language that vendors use, and yet, I committed a faux pas by not explaining the dual meaning of integration. One meaning has to do with the task of the acquiring vendor's CFO. His job is to eliminate redundant positions, consolidate real estate and leases, slash overhead, consolidate data centers, consolidate software licenses, regulate purchase agreements, neutralize human resources policies such as benefits plans, and try to get the acquired company to adopt
E-Mail Fraud Comes in Many Shapes
Each bank must determine the specific type of fraud it wishes to protect against and then target the use of technologies to minimize or avoid that threat.
Mobile Banking: Weighing the Lessons Learned
On the way to growing its mobile banking customer base to more than 1 million users, Bank of America has successfully addressed a number of technological, cultural and marketing-related issues.
Rethinking the Credit Scoring Model
I recently had the opportunity to meet with Clark Abrahams, chief financial architect at SAS, on a trip he took to New York. He has helped me out with some articles in the past and it was nice to put a face to a name.
Clark, who actually wrote a column for BS&T, is working on creating a new framework for the financial services industry around scoring the risk of customers/potential customers in a manner that's
Fannie and Freddie Bailout a Tech Black Box
When Fannie Mae and Freddie Mac not just pioneered but mandated the use of automated underwriting in the mid-nineties, some feared the 'black box' making the decisions. Minority advocates, for instance, queried whether models would make middle-class existing homeowners the standard against which they would be found lacking.
No, the agencies insisted, pointing early to improved credit quality and less biased credit decision making from automated agencies.
Now we learn that the government-sponsore
When Prepaid Cards Hold Your Money Hostage
This weekend, since our contract with Verizon expired, we switched our cell phone plan to AT&T (because my husband made me get an iPhone). Also on the plan are two other family members who just wanted simple phones (I swear, that's all I wanted too!). So AT&T added them onto our "family plan" and said those two phones would be about $10 a piece after I mailed in the rebate information. Great. So that means I'll be getting back about $50 or $60 from AT&T, right?