Content posted in July 2008
Adobe Expands LiveCycle Enterprise Suite for Customer Engagement
The expanded set of solutions includes new components for rapid development of content-rich applications.
Ellie Mae Issues New Version of Encompass Mortgage Management System
Enhancements simplify data entry, boost system performance and help ensure quality and compliance when originating FHA loans.
BB&T Taps Software Earnings’ Payments Navigator to Streamline Check and Item Processing
Supporting the industry's shift to electronic payments, the solution enables the bank to consolidate item processing sites and centralize major item processing functions via a centralized processing hub.
Alacriti Introduces OrbiPay Biller Direct Software Suite
The Web-based solution enables banks to offer value-added bill payment services to treasury management clients and collect payments over the Web.
The Pressure on Management Is Intensifying as Conditions Continue to Worsen in Banking
The recent revelations of the weak financial conditions at Fannie Mae and Freddie Mac, and the run on IndyMac Bank, show that the worst is far from over as the banking industry grapples with the subprime mortgage mess and related global credit crisis.
Sforzo to Forge Commercial Relationships at Sterling Nat’l
Peter Sforzo named VP and business development officer in bank's commercial lending area.
Small Suits New Chief Lending Officer of Evergreen Bank
At $41 million in assets, the Seattle-area Evergreen has something of the feel of a de novo bank.
First National Bank of Omaha’s Rajive Johri Is Teaching an Old Bank New Tricks
First National Bank of Omaha President Rajive Johri is working to transform the 150-year-old bank's legacy environment.
When Two Tech Companies Merge, Banks Want to See Integration of Systems but Tech Companies Focus on Integration of the Businesses.
Two weeks ago, I blogged about the language that vendors use, and yet, I committed a faux pas by not explaining the dual meaning of integration. One meaning has to do with the task of the acquiring vendor's CFO. His job is to eliminate redundant positions, consolidate real estate and leases, slash overhead, consolidate data centers, consolidate software licenses, regulate purchase agreements, neutralize human resources policies such as benefits plans, and try to get the acquired company to adopt
The E-Mail Archive Can Also Serve as a Security Solution
Implementing an e-mail archiving solution will enable banks to detect security breaches and flag potential violations for a compliance officer.
Banks Should Empower Recipients in the Fight Against E-Mail Fraud
In addition to implementing authentication protocols, banks should ensure that e-mail recipients understand e-mail dangers and control their own fates.
The Truth Is, E-Mail Security Can Never Be 100 Percent Effective
A bank's best bet is to be in a position to defend itself and detect wrongdoing as soon as possible after an e-mail security breach.
E-Mail Fraud Comes in Many Shapes
Each bank must determine the specific type of fraud it wishes to protect against and then target the use of technologies to minimize or avoid that threat.
Without Careful Management, E-Mail Can Become a Liability
Technologies can help banks protect customers from e-mail fraud while keeping e-mail from becoming a productivity and legal liability.
ABA Remote Learning Technology Adjusts to Users’ Bandwidth Needs
The ABA launches a compliance e-learning program that is sensitive to users' bandwidth requirements.
Mobile Banking: Weighing the Lessons Learned
On the way to growing its mobile banking customer base to more than 1 million users, Bank of America has successfully addressed a number of technological, cultural and marketing-related issues.
Fannie, Freddie Troubles May Have Been Avoided If Technology Was Used Properly
The Fannie and Freddie debacle shows that the mortgage industry could benefit from new tools -- provided lenders use them.
MasterCard to Enable P-to-P Mobile Payments by Cell Phone
With help from Obopay, MasterCard customers can now 'text' money to one another.
American National Bank Thwarts ID Thieves
American National Bank covers its customers with an identity theft recovery solution.
SCBT Taps Banker’s Dashboard for Daily Financial Reports
South Carolina Bank and Trust taps Banker's Dashboard for daily, branch-level profitability analysis.
Banks Increasingly Are Creating Vendor Management Offices
The vendor management office takes on a greater role as regulators pressure banks to run tighter ships. Doing so while maintaining a climate of collaboration is the key to success.
FSTC Establishes Mobile Standards Group
FSTC working group will focus on creating technology standards for the mobile channel.
Experts Foresee Boom in Payment Service Hubs
Payment service hubs could break down processing silos and increase efficiencies at banks.
FIS Introduces Consumer Remote Deposit Solution
FIS' consumer-based remote deposit capture offering could create a niche for banks.
Visa, Facebook Target Small-Business Owners With Social Networking
The Visa Business Network offers banks a captive community of small-business owners.
RSA Offers New Security Tokens for Online Banking
On the heels of its first token for users' cell phones, RSA has one for consumers' wallets.
Rethinking the Credit Scoring Model
I recently had the opportunity to meet with Clark Abrahams, chief financial architect at SAS, on a trip he took to New York. He has helped me out with some articles in the past and it was nice to put a face to a name.
Clark, who actually wrote a column for BS&T, is working on creating a new framework for the financial services industry around scoring the risk of customers/potential customers in a manner that's
If You're a Small Credit Union, a De Novo, or a Tardy Commercial Bank You Might be in the Market for a New Core System This Year
If history were to repeat itself, and it often does in the pattern of behavior regarding bank tech activities, there will be 409 conversions to new core systems in 2008. Not one of them will make the news, because small financial institutions (FIs) are not usually noticed by the news media. On the other hand, if one of the 137 large FIs in the U.S. (over $8 billion in assets) were to convert its entire core system, you'd hear about it even if you were on sabbatical at the island of Tristan da Cu
Fannie and Freddie Bailout a Tech Black Box
When Fannie Mae and Freddie Mac not just pioneered but mandated the use of automated underwriting in the mid-nineties, some feared the 'black box' making the decisions. Minority advocates, for instance, queried whether models would make middle-class existing homeowners the standard against which they would be found lacking.
No, the agencies insisted, pointing early to improved credit quality and less biased credit decision making from automated agencies.
Now we learn that the government-sponsore
When Prepaid Cards Hold Your Money Hostage
This weekend, since our contract with Verizon expired, we switched our cell phone plan to AT&T (because my husband made me get an iPhone). Also on the plan are two other family members who just wanted simple phones (I swear, that's all I wanted too!). So AT&T added them onto our "family plan" and said those two phones would be about $10 a piece after I mailed in the rebate information. Great. So that means I'll be getting back about $50 or $60 from AT&T, right?
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