Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News & Commentary
Content posted in November 2009
Page 1 / 2   >   >>
There Ought To Be A State Dinner For 71 Bank Tech Vendors
News  |  11/30/2009
Whenever I eat chicken, I react like Pavlov's dog and relate to the years 1980 to 1985. It was then that I ate more rubber chicken than any other time in my life. That's when I was on the speaker circuit conducting seminars for all kinds of banking organizations. My audiences included community bankers.
Rebalancing IT Spend to Deliver More Business Value
News  |  11/30/2009
By Sultan J. Khan, Tata Consultancy Services, North America Optimizing the IT Operating Model, or as I often say, rebalancing IT to drive business value, is a critical initiative at any point in time. However, in the current economic environment, an increased focus on programs that identify substantial cost savings and ultimately lead to improved performance and greater business value have never been more important.
Deals on Failed Banks Losing Their Luster
News  |  11/30/2009
Some failed banks are in such bad shape that financial institutions looking for bargain acquisitions wouldn't take them if the FDIC paid them to do so. Oh wait. The FDIC is kind of helping out the buyers, aren't they? But even this incentive still is not enough, as far as some financial institutions are concerned.
Client Acquisition and Retention in Banking
Client Acquisition and Retention in Banking
Bank Systems & Technology Videos  |  11/24/2009
Not only have financial firms been hammered by losses due to risky investments, but they are losing clients to competitors as well.
For Bank Marketing, Re-Focus the Pareto Principle on Customer Profitability
News  |  11/23/2009
By Hongjie Wang, Fulcrum The Pareto principle, also known as the 80/20 rule, was named after Italian economist Vilfredo Pareto, who observed that 80 percent of income in Italy went to 20 percent of the population. Interestingly enough, such phenomena occur in many disciplines and industries. Marketing is no exception, so much so that Pareto analysis has become one of the standard must-haves in customer analysis.
Challenging Economic Times Call for Innovative Branch Technologies
News  |  11/22/2009
By Stacey Zengel, Jack Henry & Associates Inc. Recent turmoil in the financial services industry may have changed some of the players, but it has not changed the basic mandate for financial institutions to satisfy the needs and desires of customers while generating shareholder returns. Indeed, the challenge to meet these goals has intensified. Bankers today are pressed to find ways to create efficiencies that drive a greater return on investment within the branch while still enhancing
Bank Enforcement Cease and Desist Actions Quickly Rising
News  |  11/20/2009
The financial crisis is causing a dramatic rise in the number of cease and desist orders by bank regulators and should be a warning sign for bank managers and directors, according to analysis by the Regulatory Fundamentals Group.
Honor Roll: This Week's Top Bank Blogs (Nov. 15-21)
News  |  11/20/2009
Our favorite banking technology-related blog posts from around the Web (November 15-21, 2009):
Geithner Gets Grief from GOP
News  |  11/20/2009
There were some fireworks yesterday at a hearing held by the Joint Economic Committee between Treasury Secretary Timothy Geithner and Texas GOP Rep. Kevin Brady. In the video below from CNBC.com, Brady plainly stated Geithner should take responsibility for the state of the economy today and all but said he should resign.
From BI to Analytics: An Evolution In How Business Gets Done
News  |  11/17/2009
By Jay Morreale, Bank of America As the amount of data gathered and produced within an organization grows daily, users are challenged to make decisions based on this information in shorter and shorter time periods. While traditional Business Intelligence (BI) tools provide valuable access to this data and offer standardized reports that translate this information into key snapshots on the state of business, they are typically narrow in their application. Business users who have questio
Bankers Speak Out Against NY Terror Trials
News  |  11/17/2009
With the announcement that Khalid Sheikh Mohammed, the accused 9-11 "mastermind," and his cronies would be tried as criminals in New York City comes a good deal of reaction from New Yorkers and others. While there are pros and cons to the move, being New Yorkers, we're not ones to sugarcoat what we think as all of us were affected in some manner by the heinous attacks on that date. This includes our banks.
NY Fed Could Have Done More in AIG Negotiations
News  |  11/17/2009
Apparently, the New York Fed could have done more last year when it was negotiating with AIG trading partners. At least that's what Troubled Asset Relief Program special inspector general Neil M. Barofsky suggests in a government report officially released today.
Every Bank Needs an IT Think Tank
News  |  11/17/2009
"Practical" is my middle name-and I haven't shed my suit and wingtip shoes for a toga and sandals. So this is not an idea I thought I would be preaching. I tried it with the vendors a while back but I have not seen any signs of acceptance. I hope bankers will see the value of having an IT think tank, even if it's a Sunday night effort to take the place of "60 Minutes." The potential benefits might only be soft, such as not being the target of a "60 Minutes" embarrassment. I believe everyone shou
Pay Czar Says He Might Reconsider Rulings if Banks Lose Talent
News  |  11/17/2009
In an interesting change of heart, Pres. Obama's "pay czar" has said he will consider revisiting the formulas he used to determine executive compensation at bailed out banks if they can show a mass exodus of talent as a result of the punitive measures.
Swedbank to Deploy Aleri Liquidity Risk Manager
News  |  11/16/2009
Swedbank to deploy Aleri Liquidity Risk Manager; solution will help Swedbank Markets unit manage risk and meet FSA regulations.
Allin Leverages Technology to Support Wealth Management Growth at City National Bank
News  |  11/16/2009
Logan Allin, named SVP and manager of business and operations strategy for City National Bank's wealth management division in August, discusses his technology goals and responsibilities.
Moving From Stress Tests to Broader Scenario Analyses
News  |  11/16/2009
By Mike Stefanick, SAS The Federal Reserve, rating agencies and capital providers are requiring consistent views of banks that extend far beyond a simple snapshot of capital reserves. Today, banks must embrace a richer brand of Scenario Analysis, executing a variety of stress tests and scenarios across all of their portfolios. The payoff extends beyond mere regulatory compliance and institutional health. It also means an enhanced competitive posture.
BAFT, IFSA Announce Plan to Merge
News  |  11/16/2009
Honor Roll: This Week's Top Bank Blogs (Nov. 8-14)
News  |  11/13/2009
Our favorite banking technology-related blog posts from around the Web (November 8-14, 2009):
Experian Introduces Products That Help Lenders Determine Consumers' "Ability to Pay"
News  |  11/12/2009
Experian introduces products that help lenders determine consumers' "ability to pay"; solutions are intended enable lenders to assess a consumer's income in alignment with new lending requirements.
Going Public With Core Systems Conversion Problems
Commentary  |  11/12/2009
When TD Bank issued a public apology for systems and service glitches that occurred when the institution undertook conversion to a single core system following its merger with Commerce Bank, it underscored why core systems upgrades and replacements don't happen very often.
Wolters Kluwer Enhances Anti-Fraud Functionality
News  |  11/12/2009
Wolters Kluwer Financial Services has enhanced its anti-fraud solution's investigative services functionality for financial institutions based in the U.S. and U.K.
IT Builds the Brand-And Trust
News  |  11/12/2009
Technology can help build brands. That's what Chris Murphy, editor at sister brand InformationWeek said in his latest column.
Chugoku Bank Signs 9 Year Outsourcing Deal with IBM
News  |  11/11/2009
Chugoku Bank, a major Japanese regional bank, has signed a nine-year outsourcing agreement with IBM.
Fallout From Senate Regulatory Proposal: Break Up the Big Banks? [video]
News  |  11/11/2009
On top of the Senate's proposed financial reform bill itself, analysis by The Wall Street Journal noted there is a definite mood among Washington Democrats that more needs to be done to keep too-big-to-fail banks in line-like making them split up a la the EU's plan for RBS, Lloyds and Northern Rock.
Senate's Regulatory Bill Calls for Single Financial Regulator [video]
News  |  11/10/2009
Sen. Chris Dodd (D-CT) will unveil today the Senate Finance Committee's proposals for overhauling the financial regulatory system. The centerpiece is the creation of a single regulator.
The Supremes Express Doubt Over Business Method Patents
News  |  11/10/2009
The Supreme Court started hearing arguments Monday on whether business methods are patentable material or just too abstract to be worth protecting. According to a report in The New York Times, some of the justices were a bit skeptical about issuing such protections.
Why Did 371 Financial Institutions Acquire a New Core System Last Year?
News  |  11/10/2009
The reasons for buying a new core system are different for each type of FI, so let's take the easy ones first.
Supreme Court Takes On Business Method Patents
News  |  11/9/2009
There will no doubt be a lot of eyes and ears open today and directed at the Supreme Court as the justices study whether business methods can in fact be patented-a topic of great important to the high tech and financial services industries, and something BS&T has covered in the past.
For Banks, Application Development Can Be Faster and More Efficient
News  |  11/9/2009
By Maurice Martin, iRise "Fail early!" may seem like an odd rallying cry for banking CIOs tasked with developing new applications. But, with reduced budgets and ever-increasing demand from the business for efficiency and innovation, it's no wonder today's IT leaders feel the need for speed. New applications-initiated by application consolidation or by modernizing legacy systems-increasingly top the CIO's agenda as the banking industry faces an unprecedented level of mergers and acquisi
Honor Roll: This Week's Top Bank Blogs (Nov.1-7)
News  |  11/5/2009
Our favorite banking technology-related blog posts from around the Web (November 1-7, 2009):
Page 1 / 2   >   >>


Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
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.