Content tagged with Core Systems posted in May 2010
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HP Signs Services Contract with Switzerland-Based RTC
Palo Alto, Calif.-based HP Enterprise Services announced Thursday it signed an applications and infrastructure services contact with Switzerland-based RTC Real-Time Center AG (RTC). The contract will see HP establish a banking service center in Bern, Switzerland to support RTC.
Less-Than-Full Usage of Bank Software, Part 2
When I wrote last week's blog, I knew I wasn't going to get off easy. There's a lot more to tell about bank software, and some clever readers spotted my short cuts. This second installment was inspired by a reader who pointed out that applications are often packed with superfluous features that don't necessarily serve business needs. I agree with that statement. The reason I chose to bring up the matter of sub use is that "superfluous" is in the mind of the beholder. Bank tech vendors work for
The Value of Bank Software is Based on a Bank's Skill in Using It, Not the Vendor's Price
Before I go any further, I know what you're thinking. I'm not talking about ASP, or outsourcing, or cloud computing (if that idea ever becomes popular in banking), where the cost model is based on how many transactions a vendor processes for a bank. Nor am I talking about tiered pricing where the license fee for core software is geared to the FI's asset size, from $50k to several million dollars. My point is more subtle. It's about how much value a bank can squeeze out of a piece of standard app
Q&A With Raju Shivdasani, A General in the Front Lines of Bank Tech
It's hard to pin down the year in which I met Raju Shivdasani, president of Harland Financial Solutions, but now I count decades so the year doesn't matter. Orlando is the world of fantasy and citrus, but I relate to it as a national center for bank technology. I recently caught up with "Raj" there and asked him for his take on the bank tech world in which he has engaged for so many years.
First iPad App for Loan Documents Launches
Borrowers can review the documents on the tablet, sign directly on the iPad and electronically complete the process.
Jack Henry Acquires iPay; Core Banking Acquisition Trail Continues
The news today that core banking software vendor Jack Henry is acquiring online bill payment software company iPay for $300 million does not come as a surprise. In a broader trend, core banking providers have been acquiring vendors of ancillary products such as online bill pay ever since Fiserv bought Checkfree in 2007.
First Federal Bank Selects FIS Services
First Federal Bank signed a comprehensive agreement with FIS for the Integrated Banking Services (IBS) core banking platform.
If Very Large Banks Used the Technology of Community Banks, They Might Never Fail
I will probably be called a bigot because 97% of my banking clients are in the small and mid-size ranges of the total bank population. Having worked for only eight of the top 34 U.S. banks (two if you try to find them today) I can give you one very important reason why I believe large banks are in trouble. It's not the $1.5 trillion average asset size ($1.17T - $1.73T) of the top four that spooks me (if this were baseball, the 5th would be in the minors). It's the fact that their tech systems k
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Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.
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