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News & Commentary
Content tagged with Core Systems posted in June 2010
Bank Tech Vendor Revenue and Financial Institution IT Spending - More Than Meets the Eye
News  |  6/29/2010
One nice thing about the boring business of research and numbers crunching is that without trying to get some answers, the process makes discoveries that appear out of nowhere. Here are some examples:
Christine Pratt to Head Aite Group’s Lending and Credit Risk Research
News  |  6/29/2010
Christine Pratt to head Aite Group’s Lending and Credit Risk research; industry veteran’s coverage will span analyst firm’s retail and wholesale banking coverage.
Jack Henry & Associates Rebrands Pemco Technologies as JHA Payment Processing Solutions
News  |  6/28/2010
Jack Henry & Associates rebrands Pemco Technologies as JHA Payment Processing Solutions.
CSC Unveils Celeriti Suite of Software Products, Components and Services for Banking, Cards, Payments and Lending
News  |  6/24/2010
CSC unveils Celeriti suite of software products, components and services for banking, cards, payments and lending; new offerings are designed to help existing and potential clients modernize and expand their processing and IT environments.
Bank Uses Digital Pens to Open Accounts in Rural Ghana
News  |  6/23/2010
Technology allows banking in areas where there are no bank branches, roads, phones or electricity.
There's a Lot of Story-Telling Besides the 81 Companies in Automation in Banking - 2010
News  |  6/21/2010
At the end of each major core vendor's profile in my annual report on bank tech vendors is a commentary about what I think of the company. My comments are a reflection of how many sparks fly based on the company's 2009 activities. Because I own a "sparks meter" handed down to me by my blacksmith grandfather, I am able to gauge the volume objectively and the winner this year is FIS. So I'm offering my comments on FIS in this blog only because I believe it makes for unusual reading in a world of n
BNP Paribas Extends Contract with Mainframe Provider Clerity
News  |  6/21/2010
Paris-based BNP Paribas (2.058 trillion EUR in assets) today signed a new three-year support agreement for mainframe migration provider Clerity's UniKix Mainframe Rehosting software.
Time for a Mid-year Bank IT Review
News  |  6/17/2010
Six months ago, I provided a Bank IT forecast for 2010 (Bank Tech Budgets: Making Sense of Up, Down or Sideways) which noted that "the expectations for 2010 face a continued air of uncertainty for IT spending."
United Central Bank to Deploy Core Banking From Fiserv
News  |  6/15/2010
Using Fiserv Premier for account processing services, internet banking, cash management, electronic document management, bill pay, EFT, wire transfer processing, branch and merchant source capture solutions.
Microgen Unveils Aptitude 3.0 Business Process Software
News  |  6/15/2010
Microgen plc, a London-based software developer, introduced Microgen Aptitude Version 3.0, the latest version of its Business Process Platform. Microgen claims the new software extends its transaction processing capabilities, provides enhanced functionality and delivers an overall increase in performance over the previous version of 30 percent.
The Banking Crunch Has Done Wonders for Expanded Development of Tech Solutions
News  |  6/15/2010
I can think of lots of cliches that apply to the basis for this blog, but unless you live under a rock, you must have heard them all by now. My observation of good resulting from bad comes as I work on the 2010 Edition of my annual research report, "Automation in Banking." The equation that came to me is:
Bank of the West implements Lightning SaaS
News  |  6/15/2010
San Francisco-based Bank of the West ($61 billion in assets) today announced it has completed implementation of Lightning, an SaaS solution from financial services provider SS&C Technologies Holdings, Inc.
Still No Upswing in the Sale of New Core Systems to U.S. Banks
News  |  6/8/2010
For the past 33 years U.S. banks, thrifts, credit unions, de novos and near-banks have been implementing new core systems. And not just for five years until a "better mouse trap" is discovered, but for the life of the bank. If the buyers chose wisely, they had vendors who got stronger every year and kept their customers very happy, and out of the market.
The Pros and Cons of Vendor Leveraged Buyouts
News  |  6/3/2010
The recent news surrounding the potential, and subsequently abandoned, leveraged buyout (LBO) of FIS by a group of private investment firms is an example of a recurring process that recycles capital and raises questions for all parties affected by an LBO.
Red Cross Deploys BNY Mellon's Billing Software
News  |  6/3/2010
Relief organization integrating paper and electronic processing.
Less-Than-Full Usage of Bank Software, Part 3
News  |  6/1/2010
In this third and final part of a series (unless you keep it going with your excellent feedback), I intend to prove that many banks are not using their rich and robust applications software to the fullest, and thus are guilty of negligence to their stockholders, customers, employees, regulatory agencies, potential new customers, and that fragile thing called public image.


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