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News & Commentary
Content tagged with Management Strategies posted in October 2007
It's Not the Economy That Will Hurt Bank Technology; It's Fear, Uncertainty and Doubt
News  |  10/29/2007
Two years ago, I was looking for reasons that would give bank tech companies a boost in revenue and couldn't find any. This recent downturn certainly hasn't added any optimism to my gloomy outlook.
Departures of Bank Executives Spur the Need for Succession Planning
News  |  10/26/2007
Financial executives at the top leaving at higher rates compared to other employees.
The Best of the Rest: Web 2.0 Early Adopters in Banking
News  |  10/22/2007
Some leading financial institutions have embraced Web 2.0.
Banks Are Spending More On IT, But Vendors Are Not Getting It All
News  |  10/22/2007
If banks are satisfied with their technology and there's nothing new to buy, why are they spending more? I believe the answer lies in a shift from buying products to paying internal costs to move technology onward and upward. And that's something vendors haven't figured out yet.
Preparing for Tough Combat
News  |  10/22/2007
New competition and security risks pose challenges for banks. But Executive Summit attendees learned how to fight these battles.
That Minty Fresh Feeling of Aggregation
News  |  10/18/2007
Is account aggregation making a comback? A new approach may present a new opportunity.
Bank of America's SafePass Excellent Compromise Between Security & Convenience
News  |  10/16/2007
Hello. My name is Mike Ellison and I'm the EVP at Corporate Insight. I will be a regular contributer to the blog here at BS&T, focusing primarily on the retail customer experience in the online banking world.
Sometimes It Takes A Dr. Phil To Come Up With The Right Tech Decision
News  |  10/15/2007
Make a bad loan. Fire the wrong person. Hire your wife to head up marketing. Open a branch near your home. Make your own commercials. Invest in MSFT. Bank at your own bank. All those mistakes can be undone at some measurable cost. But don't play politics with technology.
Why Can't Banks Get Customers to Use Cheaper Channels?
News  |  10/15/2007
I know I've said it before, but I still cannot believe that people still go into the branch to withdrawal cash.
Consumer Behavior and ATM Surcharge Spikes
News  |  10/12/2007
It happened with gasoline, it happens all the time with your cable bill and now it's happening (again) with ATM surcharges. Several major banks recently announced plans to increase the fees they charge non-customers when using their ATMs. So what's next?
Signs Of Entrepreneurship Are Appearing In The Bank Tech World
News  |  10/8/2007
Fifteen to twenty years ago, it would have been quite ordinary to observe the large number of start-up companies based on a single-product offering under the broad heading of bank tech systems. Major events fed that creativity, including the availability of PCs, document imaging, Internet banking, check clearing legislation, telecom speeds and powerful database management systems. In recent years, however, the scene switched to a different kind of world - that of consolidation. Big companies got
Control and Cooperation the Messages at Sibos 2007
News  |  10/8/2007
Another Sibos has come and gone and with it, we hope, many lessons were learned. What I saw as the most prominent message at the show was the fact that corporates the world over want more control, more say over how their payments are processed and how they interact with their banks.
SAP Scoops Up Business Objects
News  |  10/8/2007
SAP (Walldorf, Germany) has announced that it intends to purchase Business Objects (Paris) for $6.78 billion. The deal is meant to enhance SAP's existing business software, including a full suite of banking solutions, with Business Objects' business intelligence capabilities
With Three Months Left to Score Some Big Sales, Will Bank Tech Vendors Have a Banner 2007?
News  |  10/1/2007
I don't think so. Recent new technologies have indeed improved processing methods for banks. In turn the new technologies provided economies for the banks. What nobody seemed to notice is that these new efficiencies forced vendors to reduce their charges to a bank because the work that vendors performed the old way has declined.

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