Read it and weep (if you didn’t make the cut), or draw your own conclusions
By Art Gillis
Sep 13, 2006 at 04:40 PM ET

By Art Gillis

I’m not a fan of “Top xxx Lists,” except for the American Banker list of the top 25 computer consultants. This week I reviewed the Top 500 Innovators list published by InformationWeek. I wasn’t sure what the criteria were until I read the back page where the editor-in-chief made certain these weren’t just pedestrian outfits that get the “plenty hard work” done. The publication was “particularly picky about applying the innovator moniker.” Following are the names of the 25 banks (including near banks) and 9 tech vendors that serve the banking industry.

Banks:
AmSouth
Bank of America
CapitalOne
Citigroup
Countrywide
Discover
Fifth Third Bank
First Horizon
JP Morgan Chase
M&T Bank
Mellon
National City Mortgage
Navy Federal Credit Union
Northern Trust
PNC Financial Services
Regions Financial
Scotiabank
State Street Corp.
Synovus
TD Banknorth
Union Bank of California
U.S. Bancorp
Visa USA
Wachovia
Washington Mutual

Tech Vendors included in Automation in Banking that made the IW 500 cut:
ACS
CheckFree
EDS
Fidelity National Information Services
First Data Corp.
SAP America
SunGard Data Systems
TSYS
Unisys

I could have a lot of fun with the list, but one contradiction begs explanation. Northern Trust and Synovus outsource their technology to Metavante. Northern Trust and Synovus were recognized, but Metavante was not. It’s a safe bet that Metavante does M&I Bank’s work also, but M&I Bank didn’t make the cut. Will someone please explain what “innovation” really means?



Topics: BS&T Contributors
»  Weblog Main   |   »  View Entries By Topic   |   »  View Entries By Date



COMMENTS




This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.

Community standards in the message center do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this forum becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.

Important Note: The Message Center is NOT intended for commercial messages or solicitations of business.











WHITEPAPER
Essentials of CRM for Commercial Banking
Learn how commercial banks can use CRM strategies and technology to maximize client value, become trusted advisors, and streamline operations, contributing to top-line and bottom-line revenues and gaining strategic insight.











Ed Cals  |  Contact Us  |  Reprints  |  Ad Info  |  Media Kit  |  Send Us Your Feedback  |  RSS