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News & Commentary
Content posted in December 2005
Wachovia Signs BPO Deal With Former GE Subsidiary
News  |  12/20/2005
Six-sigma black-belts heading to Charlotte to improve bank operations.
Perspactives: Outsourcing
News  |  12/14/2005
Outsourcing Having accepted outsourcing and offshoring as more than cost-cutting strategies, banks are reevaluating which parts of their businesses to outsource. As a result, they're not only gaining efficiencies and access to better technology, but also improving their operating models.
Rookie App Shows Its Stuff
News  |  12/14/2005
Compass takes leap of faith to expand its trust offerings.
High Tech, High Touch and High Net Worth
News  |  12/14/2005
Private banks face the challenge of maintaining personal touch as technology proliferates.
Exploring a Small Bank’s IT
News  |  12/14/2005
Model Risk
News  |  12/14/2005
Does your bank rely too much on financial modeling in risk management? If so, you may be vulnerable to "model risk." And no, that's not the risk of being hounded by paparazzi. For more, read the FDIC's article. Tip of the hat to Goodwin Proctor LLP's "Financial Services Alert" newsletter.
Heroes and Villains
News  |  12/13/2005
It's celebration time -- today's the day of CMP's annual holiday party. As such, upon arriving to the office this morning, each employee at CMP received a gift from our new CEO, Steve Weitzner. He's already made a real impact on the company as a communicative leader who knows what has to be done, as someone who's come up through the ranks. Since I make it my business to know about all sorts of things before they happen, the gift was not exactly a surprise. But I certainly didn't expect two g
NCR To Offer Retail Biometric System Globally
News  |  12/9/2005
The services use Pay By Touch's authentication and payment service and NCR's biometric point of sale products to allow shoppers to pay for services and retail goods with a finger scan.
Small Data Breaches Pose Big Identity Theft Risks
News  |  12/8/2005
That's because of the limited number of identities a criminal can actually put to use in a set amount of time, a new study says.
Harland Demonstrates Self-Authenticating Check
News  |  12/6/2005
With the signature codes in place, a signed check can be checked for validity at any point, from initial presentment to back-office clearing to the point-of-sale.
MasterCard-Powered Banks?
News  |  12/2/2005
There has been some speculation MasterCard might expand into information technology services - taking it farther away from its financial services roots.
MasterCard IPO Strategy Seen Priceless in Bailing Credit-Card Brand Out of Legal Trouble (AP)
My bet is that they start offering full-service bank operations outsourcing. With their warchest from the IPO, they could buy one or more of the m
Bye-bye BAI?
News  |  12/1/2005
From the Financial Insights report: "BAI RDS: R.I.P.?"
RDS has been in decline since the shows of 1999 and 2000. Institution attendance continues to spiral downward. Participants are by and large not technology decision makers. There are no 'hot' technologies to spike interest. In short, "No buzz-No bodies". Competing with RDS (and winning) are vendor client conferences that attract senior executives and have recently shown signs of becoming collaborative efforts of non-competiti

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