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News & Commentary
Content posted in September 2008
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Can't Stand the Heat Of Banking? Try the Heartland
News  |  9/30/2008
Even though I wasn't looking for any special geographic influence in a recent analysis of bank IT spending habits, it became clear that the good news I was collecting was mostly from banks in the Midwest. In fact, 47 percent of the surveyed audience did business in the Heartland of America.
Will "Green Banking" Lead to Red Ink for US Banks?
News  |  9/30/2008
By Patricia McGinnis, Financial Insights In the "green" domain, American industry across the board is in the unfamiliar position of being the laggards. Many other nations of the world (unlike the U.S., signatories to the Kyoto Protocols) have already taken great strides in both educating their populations and changing the behavior of their business managers, including those in financial services. Eventual U.S. adoption of some sort of expanded emissions control legislation is inevitable, althou
Wachovia to be Acquired by Citi
News  |  9/29/2008
McLeod keeps BankPlus punching above its weight.
News  |  9/28/2008
Dave McLeod, BankPlus
Dave McLeod is quick among community banks to adopt technologies that help win and keep customers: from mobile banking and remote deposit capture, to major network upgrades, behind the scenes. Dave McLeod, executive
Ed Mulligan of The Bank of New York Mellon Brings Two Behemoths Together
News  |  9/28/2008
Ed Mulligan, The Bank of New York Mellon
As Ed Mulligan integrates the data processing operations of two newly merged banks, he continues a best practices approach, incorporating the ITIL, virtualization, energy conservation and the latest th
Anita Sands joins the transformation team at Citi, having refashioned RBC, Toronto, as a Web 2.0 organization
News  |  9/28/2008
Anita Sands, Citi
Dr. Anita Sands draws on her eclectic education in physics, software and management to help organizations ensure a successful organization today becomes what is needed to be a successful organization tomorrow. Anita Sand
James Yee Brings Some Cap Markets Experience to Bank Tech
News  |  9/28/2008
James Yee, Union Bank of California
When James Yee left the capital markets space and joined Union Bank of California as CIO, he saw his mission was clear-to create a top-notch IT shop that took advantage of all that new technologies had to off
Citi's Steven Kietz Puts Himself In Customers' Shoes When Designing Mobile Products
News  |  9/28/2008
Steven Kietz, Citi Global Consumer Groupk
Coming from a marketing background, Steven Kietz knows the importance of putting the customer first when designing any new product offering. As the head of Citi's Mobile Money Ventures, Kietz is help
Shane Loper Makes Hancock Bank Model for Disaster Recovery
News  |  9/28/2008
D. Shane Loper, Hancock Bank
Shane Loper talks about his experiences in rebuilding Hancock Bank's entire IT infrastructure after Hurricane Katrina. But for him, getting the bank back online was also about helping people regain some semblan
Deutsche Bank's Mary Campbell Talks SEPA
News  |  9/28/2008
Mary Campbell, Deutsche Bank
Being charged with overseeing the SEPA transformation for one of the largest financial institutions in the world is no small task. Deutsche Bank's Mary Campbell discusses what was involved, along with providin
First California Bank's Sara Pelaez Masters Core Conversions
News  |  9/27/2008
Sara Pelaez, First California Bank
As SVP and CIO at First California Bank, Sara Pelaez has overseen multiple core systems conversions, enhanced architecture and is pursuing "green" computing strategies - all geared to supporting the bank's
No More WaMu. What's Next?
News  |  9/26/2008
It looks like the bank that was Washington Mutual is no more in what is being called the largest U.S. bank failure. Now, through a transaction facilitated by the FDIC, JPMorgan Chase owns WaMu's banking operations. According to a release by the agency, "JPMorgan Chase acquired the assets, assumed the qualified financial contracts and made a payment of $1.9 billion. Claims by equity, subordinated and senior debt holders were not acquired." Due to the nature of the transaction, there was no cost i
The CIO: Then and Now
News  |  9/25/2008
Congress Can't Waste Any More Time Debating Bailout
News  |  9/24/2008
If the fear mongers in Congress take any longer to act on the bailout, we'll all be picking lettuce in Mexico! The Congress acted quickly to go to war in Iraq. Is there anyone in the Congress today who would say that was a smart move? Certainly not the kin of 4,170 dead military personnel. Now the Congress is spending a lot of time about a risk of $700 billion.
News  |  9/24/2008
BlackBerrys, iPods, iPhones Among Bank CIOs' Favorite Gadgets for Work, Play
News  |  9/24/2008
BS&T's Elite 8 indicate that the BlackBerry is the boon -- and bane -- of every bank technologist's life.
Mobile Banking Just One of Many Successes for BankPlus, a Small Bank With Big Ambitions
News  |  9/24/2008
Dave McLeod listens to the concerns of BankPlus' employees and customers, and finds a cure for whatever ails them.
Sara Pelaez, First California Bank, Masters Core Systems Conversions
News  |  9/24/2008
As a lead partner in supporting First California Bank's aggressive growth strategy, Sara Pelaez has overseen more core systems conversions in four years than most CIOs handle in their careers.
Sabbaticals: Still a Rarity in Business But Becoming More Common
News  |  9/24/2008
It is the best of times in the worst of times for the harried financial CIO to take a sabbatical, argues former BITS CEO Cathy Allen.
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