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EXECUTIVE CHANGES
Bradley Abelow appointed to the board of Omgeo; Dr. Donald L. McCracken named chief architect at Access Data Corporation; Steve Sjoblad named vice president of Corporate Development at Fair, Isaac and Company, Aurum Technology names four new corporate officers; Bob Vosburgh becomes president and CEO of BlueSuit, Inc.
INTERNATIONAL BYTES
Bangkok Bank taps Corillian to develop its Internet banking service; Sumitomo Mitsui Bank installs Sierra System fixed income operation support software from FNX Limited; Bank of Bermuda set to go live with a trade capture system from SunGard Asset Management; e-MID S.p.A. has formed a strategic alliance with Reuters.
NORTH AMERICA BYTES
Bank of America chooses Compaq to provide single-source service, support and hardware; ING Aetna Financial Services selects an insurance distribution solution from BISYS; U.S. Bancorp to use a private-label, Web-based 401k product from ExpertPlan; First Citizens Bank licenses online banking software from Financial Fusion; Fiserv acquires EPSIIA.
TRADE SHOW / ASSOCIATION UPDATE
NACHA's ISAP pilot proves successful; Sandy Kemper and Dennis Jones appointed to executive positions at the Global Trading Web Association; EuroFinance to hold its Cash & Treasury Management Conference in Madrid.
New Access Channels Demand New Technologies
With consumer demand increasing for electronic services, financial institutions and software/technology providers should act now to
migrate to these open technologies under a common architecture.
World News
Roundup of bank/vendor news
BANK BYTES
Roundup of recent bank and vendor transactions.
EXECUTIVE CHANGES
Jim Pedrick appointed senior vice president, Marketing, for ING Americas; Stephen Moon named director of Project Management for Cognotec; Mitsugu Serizawa promoted to manager of the Planning Office for Manufacturers Bank; Joseph Guagliardo named managing director, Global Systems Integration, for FNX Limited; Roy Couchman takes over as general manager of Kofax's Ascent Software Business Unit.
INTERNATIONAL BYTES
AIG Private Bank purchases back-office automation capability from SmartStream Technologies; British Coal and Pension Schemes re-appoints J.P. Morgan Investor services as global custodian; Visa International to launch new online credit card authentication program; Bumipatra-Commerce Bank Berhad to install e-finance software from Corillian; Clearstream International cleared of money laundering charges.
NORTH AMERICA BYTES
Wachovia pilots @GlobalTrade product from CCEWeb; BB&T Corporation purchases desktop PCs and workstations from Compaq Computers; ABN AMRO Information Technology Services Company deploys Financial Fusion e-finance platform at three North American affiliates; M&T Bank launches enhanced small business Website from Corillian; BNY Western Trust Company appointed global custodian for UCLA Trust Foundation.
TRADE SHOW / ASSOCIATION UPDATE
SWIFT and FIX agree to converge respective messaging protocols; NACHA's Project ACTION draws interest from financial institutions; Java-dedicated conference for financial services to debut in London.
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