Bill Kasali, Managing Director, Risk Analytics, Reporting and Basel Projects, Enterprise Risk, and Portfolio Management, Bank of MontrealIN DEPTH: ENTERPRISE RISK MANAGEMENT ERM Push Among Banks Intensifies In an industry still reeling from the financial crisis, long-time proponents of enterprise risk management are finally finding a more willing audience among banks. CASE STUDY BMO Looks Beyond Basel II With Reveleus Simple quality won over Bank of Montreal as it put its trust in a newbie risk management vendor with solid technology. Banks' Intellectual Property at Great Risk Amid Layoffs Practices that safeguard employee use of company data must permeate all levels of an organization. Smart Tech Decisions Can Optimize AML Performance Firms that reevaluate their anti-money laundering processes and technology may gain considerable return on investment. FEATURE Security Management: An Ongoing Challenge for Banks Effective security management requires a layering of multiple solutions focusing on people, process, technology and risk. BEST PRACTICES Banque Saudi Fransi Deploys Biometric Authentication When password proliferation caused mounting challenges, Banque Saudi Fransi called on Imprivata's OneSign appliance to leap from manual authentication to next-generation fingerprint scanning. Sovereign Bank Automates Imaging With Adlib Solution Sovereign Bank replaces its existing imaging solution with ExpressRecognition Server by Adlib Software to streamline document imaging and achieve efficiencies. NEW PRODUCTS Overture Technologies Launches Automated Decisioning System for Loss Mitigation Mozart for Special Servicing is designed to service distressed mortgage assets. NCR Launches Web-Based Service for Management, Processing of Envelope-Free ATM Deposits NCR APTRA Deposit Gateway is a SaaS solution that enables banks to perform check image processing for envelope-free deposits made at the ATM. Fiserv Launches New Versions of CheckFree Frontier Solutions New versions will focus on driving increased efficiency. ROLLOUT First Community Federal Credit Union Implements IMM Solution Teller Item Capture Solution with DataSafe Core Platform aims to eliminate courier costs, increase teller productivity. Bank Internasional Indonesia Goes Live with Nucleus Software's FinnOne Solution Bank uses FinnOne's Customer Acquisition Modules to automate loan processes. Piraeus Bank Goes Live on Fiserv Universal Banking Solution Greek bank completes an eight-month implementation. INTRUST Bank Implements Viewpointe's Pointe2Pointe Solution Solution provides Internet connectivity for check image exchange transfers. |
FROM THE EDITOR What's Happening in the Banking Industry May Not Be Fair, But It's Reality The fallout from the global credit crisis is causing many bankers to complain they're being unfairly criticized, but the reality is that the industry has a long way to go to regain the public's trust. PAYMENTS WATCH Wells Fargo Adapter Offers Clients Payments Automation Adapter service helps Wells Fargo's commercial customers achieve better integration with the bank's treasury systems, resulting in more automation. CHANNEL WATCH Bank Web Sites Lacking in Quality Change Sciences study concludes that bank Web sites have become less informative and welcoming over the last year, due in part to the financial crisis. RISK/COMPLIANCE WATCH Crisis Shouldn't Stop Banks From Readying for Red Flags Financial services companies' efforts to comply with 'red flag' rules should not be hindered by the economy. 
INDUSTRY WATCH
Many Bank IT Vendors Won't Survive 2009 One in eight U.S. bank IT vendors will fall victim in 2009 to a long-term drop in bank technology spending, Financial Insights predicts. Big Bank Failures Leave Hole in Tech Spending The failure and consolidation among big banks will leave a long-term deficit in industry technology spending. Massachusetts Gets Tough on Data Security This spring, the Bay State will enact stringent technical and policy requirements on how companies handle the personal information of Massachusetts residents. EXECUTIVE WATCH Deutsche Bank Taps George Lee to Boost Service Former Citi executive George Lee will serve as director and head of implementation and service for Deutsche's Global Transaction Banking unit in North America. Huntington Bancshares CEO Stephen Steinour Eyes IT Efficiency Recently elected CEO Stephen Steinour sees remote deposit capture as a transformative technology. |