After the events of last week in DC, things like the stock market, banking crisis, business closings, devastating earnings reports, CEO firings, and even banking technology seemed so insignificant in the scheme of larger issues. I was hearing about "a dream," "change," and values far greater than what Marketwatch, Bloomberg and the WSJ report. Why, I even got a temporary feeling of comfort yesterday when a pooch licked my knee during my trek at Katy Trail. The owner apologized, but I asked her i
By Stephen Olson, Océ Business Services
Just like everywhere else, it's belt-tightening time in the financial services industry. Between mergers and acquisitions and general cost-cutting, financial institutions are consolidating services and trying to do more with less. How do executives know when the belt is tight enough? Or too tight?
Everyone will have something to say with regard to the inauguration of Barack Obama as our next president. Like him or not, you have to have some sympathy for the man who is inheriting this economic mess. Obama is going to have an uphill battle on his hands as he tries his own formula for helping America's economy recover. However, diverging too radically from what Pres. Bush instituted during his last few months in office isn't necessarily the answer either-at least not right away. Obama will m
Tweet. I think that's the verb. I'm referring to what people do on the social networking site Twitter. I've only begun experimenting with this medium. However, it seems like financial institutions are starting to see some value in Twitter as a way to "Web 2.0-ify" themselves and connect with their customers and staff differently.
The productivity of current bank IT staff reminds me of the Y2K days. Two years prior to Y2K, every programmer who worked for a bank or a bank tech vendor was busy doing something to make sure systems would perform their functions correctly on Jan. 2, 2000. As necessary as the work was, and as successful as it was, how productive was it when you consider nothing new was added during the two-plus years worth of pedestrian tech work?