News & Commentary
Content posted in August 2006
Most IT Pros Are Looking For A New Job, Says Survey
News  |  8/30/2006  | 
Some 73% cited the desire for better pay as the main reason for their search, while 40% are looking for better benefits.
Research: Privacy, Security Problems Alarming But Fixable
News  |  8/30/2006  | 
According to one study, some 84% of network attacks could have been thwarted if after checking the user ID and password, the organization had simply authenticated the identity of the invasive computer with commercially available software.
Bank To Pay $50 Million For Buying Personal Data
News  |  8/29/2006  | 
From 2000 to 2003, the bank bought data containing personal information of hundreds of thousands of drivers living in several Florida counties for only $5,656, according to court documents.
Weep or celebrate, but banking technology is in fine shape
News  |  8/28/2006  | 
By Art Gillis Just two days after I posted last week's blog here, Mitch Betts, Executive Editor at Computerworld, performed a cerebral correlation and concluded that another article sounded familiar. In her recent story, a CW reporter called banking IT "boring." I had called it "dull." Did someone commit plagiarism? Did we collaborate? I couldn't even tell you the reporter's name. And unlike reporters covering Iraq where there is one main event, technology has at least thousands of events
CIO 2006: First Horizon's Patrick Ruckh Creates a Unified Front for Success
News  |  8/25/2006  | 
Ruckh employs a common vision to drive achievement at the bank.
CIO 2006: JPMorgan's Michael Ashworth Proves There's No 'I' In Team
News  |  8/24/2006  | 
By Maria Bruno-Britz Michael Ashworth, Managing Director & CIO, Investment Bank, JPMorgan JPMorgan's investment bank managing director & CIO, Michael Ashworth, discusses how technological flexibility and
CIO 2006: MetLife Bank's Mark La Penta Makes His Mark As the New Kid on the Block
News  |  8/24/2006  | 
By Nancy Feig Mark La Penta, CTO and COO for Insurance giant MetLife's new bank, talks about his role in MetLife Bank's quick success. He also speaks of the role "strategic incrementalism" will play in the future of financial
CIO 2006: First Horizon's Patrick Ruckh Creates a Unified Front for Success
News  |  8/24/2006  | 
By Maria Bruno-Britz Patrick Ruckh, EVP & CIO, First Horizon First Horizon EVP & CIO Patrick Ruckh talks to BS&T about the role IT plays in enabling others at the bank to better serve the customers. He also reflects on F
CIO 2006: Mellon's Kevin Shearan Takes People Power Seriously
News  |  8/24/2006  | 
By Maria Bruno-Britz Kevin L. Shearan, EVP & CIO, Mellon Financial As Kevin Shearan, EVP & CIO with Mellon Financial, nears his one-year anniversary as the top technology executive at the Pittsburgh-based financial s
CIO 2006: Deleware County Bank & Trust's Brian Stanfill Lives and Works With a Sense of Adventure
News  |  8/24/2006  | 
By Nancy Feig Brian Stanfill, SVP of operations at Delaware County Bank & Trust, brings his love for challenges to his IT department. In this podcast, Stanfill discusses his key project at Delaware County, "Smart Deposit Sol
CIO 2006: Bank of New York's Kurt Woetzel Manufactures IT Success
News  |  8/24/2006  | 
By Maria Bruno-Britz Kurt D. Woetzel, CIO & Senior Executive Vice President, The Bank of New York For Kurt Woetzel, CIO & senior EVP with The Bank of New York, financial services IT is a dynamic being, and the only w
The New Integration
News  |  8/23/2006  | 
Banks must adapt rigid core banking systems to meet changing customer expectations and federal regulations in an increasingly global marketplace.
CIOs Need to Understand Their Roles to be Successful
News  |  8/23/2006  | 
Being successful in IT means understanding what kind of CIO you are and what kind of company you're in.
Identity Management
News  |  8/23/2006  | 
To secure customer data, banks must employ appropriate policies and procedures, and educate employees and customers -- as well as implement technology solutions. Keeping security from becoming too onerous, however, can be a challenge.
CIO 2006: The Bank of New York's Kurt Woetzel Manufactures IT Success
News  |  8/23/2006  | 
Woetzel leverages learning from manufacturing industry to create a well-oiled IT department at the bank.
CIO 2006: JPMorgan's Michael Ashworth Proves There's No 'I' In Team
News  |  8/23/2006  | 
Ashworth emphasizes the importance of collaboration for IT success.
CIO 2006: Mellon's Kevin Shearan Takes People Power Seriously
News  |  8/23/2006  | 
Shearan shows the value of people in the bank's IT efforts.
Treasury Automation Solutions to Be Key for Banks’ Clients: Celent
News  |  8/22/2006  | 
Firms will look to further automate treasury functions to pump up bottom line.
ID Scams Require Taking Hammer To Used Hard Drives
News  |  8/21/2006  | 
What's the safest way to protect data on old hard drives? Pound. Pound. Pound. Pound them into little pieces. That's the advice of one security analyst who says data crooks are buying recycled hard drives and mining them for data.
CIO 2006: MetLife Bank's Mark La Penta Makes His Mark As the New Kid on the Block
News  |  8/21/2006  | 
Insurance giant MetLife's new bank quickly meets success with Mark La Penta at its IT helm
ACCE/Special Preview: The State of the Call Center Industry
News  |  8/21/2006  | 
Our annual overview of key trends the contact center professional needs to follow.
BS&T Blogosphere
News  |  8/21/2006  | 
CIO 2006: Delaware County Bank & Trust's Brian Stanfill Lives and Works With a Sense of Adventure
News  |  8/21/2006  | 
Brian Stanfill, SVP of operations at Delaware County Bank & Trust, brings his love for challenges to his IT department
News  |  8/21/2006  | 
Security and compliance are top of mind for today's CIOs, if not always front and center.
BITS Releases Insider Fraud Database
News  |  8/21/2006  | 
A new BITS database of bank employees who have committed insider fraud aims to keep them from being rehired.
Living in a Multichannel World
News  |  8/21/2006  | 
In their search for on-demand service, Internet banking and ATM users haven't abandoned the branch.
Americans Ready for Mobile Payments: Visa
News  |  8/21/2006  | 
Visa study points to growing demand for mobile payments in the U.S.
Digitization and Automation Will Yield Great Returns In Mortgage Biz
News  |  8/21/2006  | 
First start with a pinch of automation, says BearingPoint.
Executive News
News  |  8/21/2006  | 
/software/
News  |  8/21/2006  | 
Study shows tech workers feel obligated to be on call 24/7.
Federal Agencies Propose ’Red Flags’ for Identity Theft Prevention
News  |  8/21/2006  | 
Agencies issue proposed rule on identity theft 'red flags.'
Big Deals
News  |  8/21/2006  | 
Banks Scramble to Meet FFIEC Online Banking Authentication Guidelines by Yearend
News  |  8/21/2006  | 
As the FFIEC online banking authentication deadline looms, banks work through the confusion to select their solutions.
The Tough Get Going
Commentary  |  8/21/2006  | 
It's good to feel needed, and in banking these days perhaps no one is more valued than a capable technology executive.
i-flex Acquires Compliance Solutions Provider Mantas
News  |  8/15/2006  | 
Top vendors in financial services space come together for more robust compliance solutions.
IBM Looks To Dominate Content Management Market With FileNet Buy
News  |  8/10/2006  | 
IBM will continue to develop both platforms, an executive promises, and the FileNet name will live on.
$28 Million For An Old IdeaPart 1
News  |  8/9/2006  | 
Gartner says hot technologies include social network analysis, collective intelligence, location-aware applications, and event-driven architectures.
IT Workers Feel Obligated to Be Available to Employers 24/7
News  |  8/8/2006  | 
Study shows tech workers have a need to be on call 24 hours for employers.
Wells Fargo to Open India IT Facility
News  |  8/8/2006  | 
Bank says shortage of U.S. IT talent reason for India IT venture.
The first mistake in searching for a new core system - Finding the best system
News  |  8/7/2006  | 
By Art Gillis Trying to find the best system is indeed a mistake. Best system according to whom? Is the best system for Citibank the best system for a de novo? Is the best system in California the best system in Maine? Don't be too quick to answer that one. The answer may be yes. Is the system with the largest number of users the best system? Every bank deserves the best fit, not the best system. And the process begins with what I call, "Know thyself." There are 71 marketable core solu
News  |  8/3/2006  | 
Fidelity and Sungard Integrate Services, Pyxis Mobile Launches mAdvisor for BlackBerry, Cisco on Pace With Compliance Platform
Teradata Adds Master Data Management Capabilities To Its Lineup
News  |  8/3/2006  | 
Master data management is becoming increasingly important as businesses try to integrate disparate data sources scattered throughout their organizations.
Agencies Issue Proposed Rule on Identity Theft ’Red Flags’
News  |  8/1/2006  | 
FIs may come under greater pressure to detect ID theft before it hits.
Wachovia Re-Enters Card Business
News  |  8/1/2006  | 
Wachovia readies to launch its card products to the public.


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