Content tagged with Core Systems posted in February 2010
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Bank of Taiwan to Extend Its Use of Unisys Core Banking
New core banking system running on two Unisys ClearPath Libra Model 400 servers to support international branches and combat money laundering.
BofA Merrill Lynch Developing Electronic Bank Account Management for Corporate Clients
New system expected to reduce costs and improve efficiency by allowing clients to open accounts online.
How to Save Money on IT
The last time I addressed the subject of IT cost cutting for a mass audience was April 1978, at a BAI conference in Indianapolis. Bankers filled the room, but what surprised me was the absence of napping. Most of them were taking notes because my list was long and each bullet was self explanatory. To provide you with a sense of how much we have progressed in 33 years, I'll give you an example of what was on the list - "Recycle your microfiche processing materials to extract the precious metals."
New Landscape Accelerates Core Banking Changes
By Steven Reiter and Fiaz Sindhu, Accenture
Post-crisis, banks are awaking to a new world order marked by a regulatory wave requiring greater transparency, more self-sufficient customers with rising expectations, and greater competition from traditional and non-traditional players
Yet most banks' ability to respond to these forces is highly constrained. The
processes, procedures and information technology that form the foundational layer of their operations are expensive to maintain and lack
IBT, SeerGate to Offer Secure Online Payment System
Bank core processing provider to offer SeerGate's Secured Lock
interbank payment and invoicing system.
How to Negotiate A Bank Tech Contract
I'm not a fly, so I don't know how vendors negotiate IT deals with banks. But I do know how to direct my clients once the choice of primary vendor has been confirmed. I basically tell them to negotiate from a position of intelligence, not psychology. Don't chisel; don't beg; don't hang on to the banking crunch as if you were a welfare recipient; don't threaten; don't tease with "better" offers from other vendors; don't make claims that your deal will put the vendor on the map. They're already on
Whitefish Credit Union Selects Symitar as Core System
Whitefish Credit is set to implement Symitar's Episys solutions as its core technology platform.
Bank Tech Vendor Consolidation Will React to the Times
I am happy that I have never been called a visionary. The "cover boys" of past bank tech trade journals expressed their visions, only to later disappear off the leading edge of technology. It's a lot safer, and longevity is assured, if you report what you can see, hear, touch, taste and smell.
Banks Get Lots of Hidden Value From A Core Conversion
This next statement may sound like professional suicide, but I have made it numerous times without regret. "I don't know how to run a bank. I rely on my clients for that."
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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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