Payments Transformation: One Step at a Time [ Source: Sterling Commerce ]
May 2008- Although noncash payments continue to grow globally at approximately 12% compound annual growth rate, in the current competitive market, banks must find a way to increase margins. The most daunting challenge in the near term may well be the need to refocus future investments in “wholesale” payment and cash management services. Banks need to transform their payments services from siloed products that support a single payment method to a convergent, more holistic set of services. They ...

Reed Conner & Birdwell Streamlines Reconciliation with Advent Custodial Data [ Source: Advent Software ]
June 2010- Part of Advent’s suite of straight-through processing tools, Advent Custodial Data automates the daily collection of data from more than 800 custodians and funds. Working in partnership with the custodian, Advent sources data directly from the custodian system of record. It enables firms to consolidate account level information from multiple custodians in a single, secure download for reconciliation and posting into APX. “Coming from our old system and that way of doing things, ACD is ...

Subscribing to Advent Corporate Actions [ Source: Advent Software ]
June 2010- In an effort to gain timely corporate action information and automate the transfer of that data, CACEIS selected Advent Corporate Actions® (ACA), Advent’s straight-through-processing service. ACA integrates with Advent’s Geneva® portfolio management system to automate and simplify the process of tracking and processing corporate actions. Leveraging the capabilities of the Geneva Workflow Manager, ACA delivers timely, accurate corporate action information for securities held in client portfolios. Each day, Geneva sends the active investments ...

Survival of the Fittest: Turning Your Financial Institution into a Lean, Mean Lending Machine [ Source: Harland Financial Solutions ]
May 2010- The economic crisis has transformed the financial services industry, particularly the lending industry. After building credit operations that facilitated high volume lending, financial institutions in the UK are now faced with many challenges through 2010 and into 2011. These challenges may be addressed by implementing some of the following strategies: (1) defining clear and consistent lending policy with process, (2) streamlining lending workflows by unifying the myriad of system silos currently deployed (3) enhancing information management by establishing a credit ...

Bank of Scotland Automates Payments and Receipts Processing with TLM [ Source: SmartStream Technologies ]
August 2008- Transaction Lifecycle Management (TLM) software solutions can deliver sustainable ROI through business transformation that's both effective and non-disruptive. Bank of Scotland: Bank of Scotland (Ireland) automated its Payments and Receipts processing with TLM to create a centralized process management hub that delivers greater operational control and lowers costs while improving customer service. Find out how the TLM solutions deliver a single, global view across all currencies and accounts in real time.

Knowledge is Power: How the Quest for Greater Visibility is Redefining the Relationship between Corporate Clients and their Banks [ Source: Bottomline Technologies ]
September 2008- With increasing regularity, today’s corporate treasurers are looking to their banking partners to be catalysts for driving greater strategic value inside their organizations. In order to serve in this role, banks must transform how they interact with corporate clients, pushing aside long-standing, silo-based approaches to products and services, and embrace the role of true ‘partner.’ For banks, the future course is one that no longer emphasizes the collection and aggregation of data, but one ...