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EXECUTIVE CHANGES
Richard Paraday elected chairman of the Supervisory Committee for Meriwest Credit Union; Carl E. Mergele appointed to the board of SER Systems AG; James Durack named president of European Operations for Cutter Associates; Denis A. Bovin of Bear Stearns joins the BISYS board of directors; Richard D. Lane named president of Domania.
INTERNATIONAL BYTES
Gemplus International integrates technology with Nextenso portal software; London International Financial Futures and Options Exchange selects Radianz for secure IP connectivity; Sumitomo Mitsui Card Company implements Fair, Isaac and Company decision engine; Bumiputra-Commerce Bank uses ALLTEL technology to integrate processing platforms; Six European banks tap e-security products and services from Baltimore Technologies.
NORTH AMERICA BYTES
Bank One will fold WingspanBank.com into its online services; Bank of New York improves its depositary receipt Website; Easton Cooperative Bank installs Open Solutions Inc., core processing product; Brokat Technologies debuts its wireless trading software; Stratus Technologies unveils a new series of fault-tolerant servers.
TRADE SHOW / ASSOCIATION UPDATE
BAFT announced theme for its 11th annual International Trade and Finance conference; American Bankers Association debuts Web banking insurance package for community banks; Call center professional conference will be held in Chicago at the end of July.
FINANCIAL SERVICES EXECUTIVES LOOK
OVERSEAS FOR IT HELP
A growing number of U.S. financial services
firms are looking offshore for help in developing
and maintaining IT systems.
EXECUTIVE CHANGES
Dan Campbell and Nigel Cree leave Merrill Lynch for
posts at Deutsche Bank; Michael A. DeVico becomes
vice president of Operations and Information systems
at Zions Bancorp; Steve Ely appointed vice president
of Worldwide Marketing at S1; James F. Flanagan to
head North America Transaction Services Group at
PricewaterhouseCoopers; Carl E. Mergele named CEO
at SER Solutions.
INTERNATIONAL BYTES
National Bank of Australia installs SunGard eProcess
Intelligence products; Bank of New York appoints HSBC
its subcustodian in Vietnam; Euroclear and Euronext
finalize consolidation to simplify cross-border settlement;
AMP Financial Services to use eBusiness application
software from Siebel Systems; Thai Military Bank signs
software deal with ALLTEL.
NORTH AMERICA BYTES
Royal Bank of Canada to use mortgage management tool
from Basis100; First Hawaiian Bank to install Banklink
cash management solution; Desjardins caisses selects
wireless transaction system from Wysdom Inc.; JPMorgan
launches Web service center for bond customers; GreenPoint
Mortgage chooses proprietary marketing software from Domania.
TRADE SHOW / ASSOCIATION UPDATE
SWIFT extends membership to insurance companies and
creates new membership category; AIIM names Reynolds C. Bish
vice chairman of its Board of Directors; Risk Management
Association appoints Maurice H. Hartigan president and CEO.
Bank One Subsidiary Hit With Regulatory Action
Banc One Capital Markets is fined because of accounting systems glitches.
EXECUTIVE CHANGES
John Rosenfeld joins Bank of America as Consumer E-Business
executive; Stephen E. Canter and Ronald P. O'Hanley are
appointed to the Executive Management Committee at Mellon
Financial; Michael Cleary and Christopher Klein to head the
Internet Business Group at Bank One; Scott M. McBrair and
David Seim become board members for Pulse EFT Association;
Dino Kos named executive vice president and head of New
Markets Group for the New York Federal Reserve.
INTERNATIONAL BYTES
ABN AMRO launches treasury outsourcing service from
Trema; Lloyds TSB taps Entrust's authentification
capabilities for its key online banking project; The
Commonwealth Bank of Australia selects risk management
portfolio from Imagine Software; Britannia Building
Corp. uses analytical database technology from Alterian
and MDB; Banca Serfin installs e-banking platform
from EverSystems.
NORTH AMERICA BYTES
Citibank adds global reach to its c2it person-to-person
payments system; Bank of Montreal to use CertaPay's
email-based funds transfer system; First Union selects
human capital management solution from White Amber;
Signature Bank of New York opts for banking application
package from Alltel; Fiserv and ASV Technologies debut
system that identifies forged checks.
TRADE SHOW / ASSOCIATION UPDATE
SWIFT launches Transaction Watch to reduce the cost
of cross border transactions; AIIM appoints Cliff Sink
of IKON chairman of the board; NCR outlines itinerary
for its annual Conference & Technology Expo.
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