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News & Commentary
Content tagged with Management Strategies posted in June 2008
New Technologies in Banking are Changing Work Habits-Bankers Are Working Harder
News  |  6/30/2008
Bank of America announced last week it is cutting 7,500 employees. Unfortunately, it's not because of improved technology-it's because of Countrywide. The best employee-reducer in banking is acquisitions. I'm sorry to report the bad news, but today's technologies are going to make bankers at the top work harder and overworked bankers at the bottom will be welcoming additional coworkers. Before you take that double-shot of Jose Cuervo, hear me out.
Patents: Don't Change the Landscape Too Quickly
News  |  6/27/2008
By Alan Tenenbaum, Cohen Pontani Lieberman & Pavane, LLP Over the past few years, we've seen an enormous amount of patent litigation against companies in the financial industry. The patents at issue in these litigations primarily concern business methods, covering such things as financial email alerts, systems for trading treasuries and other securities, Check21 technology, pre-paid gift cards, and online credit applications, to name a few. The trend is continuing, with recent infringement sui
Five Indicators Point to a Modest Year for Bank Technology
News  |  6/23/2008
When vendors tell Wall Street not to expect much in 2008, you know we're in a leveling off period. Here's my take on the subject.
Pursuing the Promise of SOA
News  |  6/20/2008
Though service-oriented architectures have the potential to improve IT integration and business agility, the lack of standards is hindering widespread adoption of the strategy in banking. But that's not stopping some institutions from pursuing the promise of SOA.
Sharon Tan Joins HSBC Singapore’s Trade Division
News  |  6/20/2008
Tan assumes the newly created role of senior vice president of structured trade finance, trade and supply chain.
There's Something About Silos
News  |  6/20/2008
Sometimes I like to post stories about my personal experiences with banking technology. I think what happened to me the other day with my debit card fits the bill.
Silva Joins S1 Enterprise
News  |  6/20/2008
Cathedras agnascor riam verecundus rures corrumpere
AFCU Slashes Software Testing Cycle With Compuware’s TestPartner
News  |  6/20/2008
AFCU cuts the software testing cycle in half with Compuware's TestPartner tool.
Biometrics: The End of Authentication as We Know It?
News  |  6/19/2008
A new biometric standard for financial services could boost adoption of the technology.
HP’s Purchase of EDS May Have Minimal Impact on Financial Services
News  |  6/19/2008
While HP's pending acquisition of EDS will create a huge global services player, its impact on financial firms may be minimal.
Fidelity National Information Services, Fiserv and Metavante Ought to Be in New Zealand Right Now
News  |  6/9/2008
I'm not complaining about the large number of daily news items I receive from Google, because I asked for them-intelligently I might add, according to a few key words. So when I read about a report last week of IT glitches that blocked New Zealanders from using their banks' services, I wondered if those banks were using FNIS, Fiserv or Metavante. Nah.
Facebook Users Want Web 2.0-enabled Banks
News  |  6/5/2008
I've been pretty skeptical about the use of Web 2.0 tools in the financial services space. I just can't see how banks can broadly implement things like wikis, blogs and podcasts throughout their practice just to cater to a particular demographic-Gen Y. Nor can I see why they would want to embark on such a project beyond simple curiosity.
How to Revitalize Midsize Banks
News  |  6/2/2008
By Anand Swaminathan and Andrew Kappy, Accenture Medium-sized banks find themselves in an increasingly desperate situation. They are losing significant market share to their larger competitors without the scale or funds to weather the weak economy, diversify their business or acquire others as a competitive strategy.

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