News & Commentary
Content posted in September 2009
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Huntington Bank Names Chief Credit Officer
News  |  9/30/2009  | 
Daniel J. Neumeyer has been named executive vice president and chief credit officer at Huntington National Bank.
Next Steps for Your Card Operations After an MPLS Migration
News  |  9/30/2009  | 
By Edgar Aguilar, MasterCard Global Technology and Operations Today, as consumer technology has evolved, people face a dizzying array of choices. At the same time, some technology product options have narrowed, mostly to consumers' delight. For instance, many broadband providers now offer "bundled" television, Internet and phone services. So, rather than having to go to multiple providers for each service, consumers now have a single account/provider to manage.
Fiserv Agrees To Sell Loan Fulfillment Solutions Business
News  |  9/29/2009  | 
Fiserv has agreed to sell its Loan Fulfillment Solutions (LFS) business to ISGN Solutions.
The Reasons for Replacing Bank Core Systems Are Changing
News  |  9/28/2009  | 
The CEOs of the Big 8 core apps companies could write this blog better than I could. But they don't write stories; they make them. So this is an account of a trend change based on my experience.
Managing For The Internet - Online Banking Demands Web Performance Excellence
News  |  9/28/2009  | 
By Stephen Pierzchala, Gomez Inc. The Internet is dramatically changing the way banks interact with customers. Its explosive growth and development has resulted in a substantial percentage of customer interactions being moved out of the branch, off the phone, and onto the computer screen and mobile device, accessible by anyone at anytime. Online banking is not simply a customer convenience, but also a critical component of managing costs, since online transactions can be significantly
G-20 Proposals OK Individually, Dangerous in Aggregate, Says SIFMA's Ryan
News  |  9/28/2009  | 
The G-20 ministers might be very pleased with themselves after a productive several days in Pittsburgh. Tim Ryan, president and CEO of SIFMA, agrees with most of the measures, but isn't so sure the proposed changes would be for the better.
Martin Wolf unplugged
Martin Wolf unplugged
Bank Systems & Technology Videos  |  9/27/2009  | 
Martin Wolf, Chief Economics Commentator at the Financial Times, speaks about the current state of the financial industry. Mr. Wolf also talks about his concerns, predictions, and what we can expect in the months to come.
(Anti-) Social Networking: BS&T Imagines the Possibilities
News  |  9/25/2009  | 
With the growing popularity of social networking sites, we thought it would be fun to take a look at the "FaceSpace" page of a fictitious senior bank technology executive, C. Eyeoh.
Honor Roll: This Week's Top Bank Blogs (Sept. 20-26)
News  |  9/25/2009  | 
Our favorite banking technology-related blog posts from around the Web (September 20-26, 2009):
Let the Celebrations Begin: Treasury Officials Prepare for TARP's One-Year Anniversary
News  |  9/25/2009  | 
Having just observed the one year anniversary of Lehman Brothers' bankruptcy, we now evidently are gearing up for the anniversary of Congress' passage of the Emergency Economic Stabilization Act of 2008 on October 3.
Volker Says Obama Reg Plan Could Encourage More Risk-Taking
News  |  9/25/2009  | 
White House advisor Paul Volker spoke out against President Obama's plans to overhaul financial services oversight, claiming it would lead to more risk-taking by firms.
Bank CIOs Look to Recruit and Retain Top IT Talent
News  |  9/24/2009  | 
How are the state of the economy and current industry challenges affecting banks' ability to recruit and retain top IT talent? BS&T's Elite 8 2009 honorees share their opinions.
BS&T's Elite 8 2008 Have Lived Through History
News  |  9/24/2009  | 
2008's Elite 8 honorees share their experiences about facing the most challenging economic environment of their careers.
MetLife Bank's Mark LaPenta Sees Shift in IT Priorities
News  |  9/24/2009  | 
MetLife Bank CIO and 2006 Elite 8 alumnus Mark LaPenta reflects on the events of 2009 and their impact on how the Bridgewater, N.J.-based bank uses IT.
OBS Launches Commercial Mobile Banking Service
News  |  9/23/2009  | 
Online Banking Solutions (OBS) has released Messenger Mobile Services, a commercial mobile banking service for banks' business customers.
Computer Services, Inc.'s Bob Ezell Elected President of AFT
News  |  9/23/2009  | 
Computer Services, Inc.'s Bob Ezell elected President of AFT; new officers and directors also named at Association for Financial Technology's annual meeting.
Bank of America, Chase Act to Preempt Washington Actions
News  |  9/23/2009  | 
Both Bank of America (Charlotte) and J.P. Morgan Chase (New York) will be reducing the overdraft fees on customer accounts.
Elite 8 Honoree Gary Greenwald
Elite 8 Honoree Gary Greenwald
Bank Systems & Technology Videos  |  9/22/2009  | 
Proving that technology can be at the core of a bank's recovery from the worst financial crisis in decades, Citi's treasury services practice, under the leadership of Gary Greenwald, continues to introduce new innovations.
Survey: Customers Prefer Online Banking
News  |  9/22/2009  | 
More bank customers prefer to do their banking online compared to any other method, according to American Bankers Association (ABA) survey.
Large Bank Technology: 142 Paradigms
News  |  9/22/2009  | 
This is a wrap-up of the three part series that started with As the Giant Banks Get Bigger, Their Technology Might Be Getting Weaker and includes quite valuable reader responses. After 221 blogs, with a few duds thrown in, I was pleased to get so much feedback on this series. The responses included corrections, confirmations, cheers, requests for clarification, declarations of the truth, and happily, no insult
State Street Launches eHorizon Global Accounting System
News  |  9/22/2009  | 
State Street launches eHorizon global accounting system; enhanced solution provides ability to manage complex fund structures across multiple accounting bases.
With the IT Landscape Shifting, CIOs Must Align With the Future
News  |  9/21/2009  | 
Are bank CIOs who aim to align IT with the business actually conceding that IT is not part of the business? Instead, asserts Bob Evans, SVP and Director, InformationWeek's Global CIO, they should align IT with the company's future: its customers.
Client Acquisition & Retention: Transparency, Transparency
Client Acquisition & Retention: Transparency, Transparency
Bank Systems & Technology Videos  |  9/21/2009  | 
Not only have financial firms been hammered by losses due to risky investments, they are also losing clients to competitors as well. Research shows that firms couldn't have kept their clients by simply providing a few answers - something very....
Dell to Acquire Perot Systems for $3.9 Billion
News  |  9/21/2009  | 
Dell to acquire Perot Systems for $3.9 billion; companies together represent $8 billion in services revenue in deal that is likely to have impact on financial services IT marketplace.
APPetite for Disruption-Should Financial Institutions Consider iPhone Applications?
News  |  9/21/2009  | 
By Nick Holland, Aite Group The Apple iPhone is indisputably a "disruptive technology"- one that has redefined what a cell phone is and does, has expanded Internet reach, rekindled data revenues for mobile operators and brought a whole new phrase to our lexicon: "App Store."
Honor Roll: This Week's Top Bank Blogs (Sept. 13-19)
News  |  9/18/2009  | 
Our favorite banking technology-related blog posts from around the Web (September 13-19, 2009):
Banking Is the Best Financial Service of All Time: Tell Us Your 'Kanye-isms'
News  |  9/18/2009  | 
By now, you've probably heard about rapper Kanye West's little act at the MTV Video Music Awards. He jumped on stage while Taylor Swift was making an acceptance speech for best female video, swiped the mic from her hands and said that singer Beyonce should have won that award because her video was "the best video of all time"-not Taylor Swift's.
CornerStone State Bank Selects Core System
News  |  9/17/2009  | 
CornerStone State Bank will implement Jack Henry Banking's Core Director core processing system.
Under Barbara Perino's Direction, IT Helps Washington Trust Compete With the Big Banks
News  |  9/17/2009  | 
At 209-year-old Washington Trust, Barbara Perino has overhauled legacy systems, developed customer insight capabilities and built an infrastructure that supports the community bank's growth strategies.
BS&T's 2009 Elite 8 Rise to the Challenges Facing the Banking Industry
News  |  9/17/2009  | 
Bank Systems & Technology's 2009 Elite 8 outstanding bank technology executives are helping their organizations successfully pursue growth strategies and innovation in a tough economic environment.
Sibos Video Wrap Up: Risk, Central Clearing and Efficiency
Sibos Video Wrap Up: Risk, Central Clearing and Efficiency
Bank Systems & Technology Videos  |  9/16/2009  | 
As Sibos 2009 closes, experts discuss some of the trends at the show, including the future of central clearing, risk management and how new applications can further increase efficiency in financial service.
First National of Nebraska's David Downing Looks to History to Stay on Track
News  |  9/16/2009  | 
Elite 8 honoree David Downing makes sure that technology and operations dependably connect First National of Nebraska with its customers -- just like an efficient and dependable utility.
Fred Cook Enables Growth at North Shore Credit Union
News  |  9/16/2009  | 
Elite 8 honoree Fred Cook has helped establish North Shore Credit Union's IT organization as a major enabler for the business as it experiences tremendous growth and high retention levels.
Francisco DeArmas Modernizes Whitney National Bank's Core
News  |  9/16/2009  | 
Whitney National Bank's Francisco DeArmas is undeterred as he embarks on some of the most daunting projects for a bank technologist -- all at the same time.
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