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News & Commentary
Content tagged with Management Strategies posted in January 2006
Just what this industry needs, another banking convention
News  |  1/31/2006
by Art Gillis I haven't been to a banking convention in so many years that the homeless guys, on my way to the office, are complaining. "I need more T shirts." "Any more hats, the sun's burnin' me up?" It looks like I'm going to have to go shopping to clothe my "friends" but where am I going to find tight polyester T-shirts and stupid hats? Orlando and Las Vegas are the obvious answers, and right after a banking convention. Except as a reason for low-level bank employees to get out of tow
Knowledge transfer doesn't have to be painful or expensive.
News  |  1/31/2006
by Art Gillis Tomorrow, Fidelity National Information Services and Certegy will meet at the altar of mergers. So was it a coincidence that two officials from FNIS came to visit me today? Yes, and it was worth it. For this outspoken straight shooter, it was a display of "I tell it as I see it." I wasn't quite sure that these two companies were going to blossom all of a sudden just because they became one. My reasons were simple. Bankers just don't abandon their incumbent vendors overnight i
Friday feature on HSAs...
News  |  1/30/2006
"Bank of America, J. P. Morgan Chase, Fidelity Investments and hundreds of others are hoping to capitalize on the latest wrinkle in medical care paid by consumers: health savings accounts ..." Health Savings Accounts Attract Wall St. New York Times (registration required) January 27, 2006
HSAs are slated to be one of the key themes in the State of the Union speech. Gee, I wonder if it will bec
Sad Sunday story...
News  |  1/30/2006
"On the afternoon my mother died, she left work early. Her day as a computer programmer at Chase Manhattan Bank had skidded to an abrupt stop courtesy of a systemwide computer failure, and all employees got the afternoon off." ...
Two Decembers: Loss and Redemption New York Times (registration required) January 29, 2006
For The Love Of Labor
News  |  1/27/2006
Amex will use Sun enterprise middleware to help the company develop portal applications and enhance its identity management services.
Taking A Stand...On What?
News  |  1/26/2006
True, some bankers are willing to take a stand on social issues such as the potential abuse of eminent domain. But there's a real leadership gap when it comes to looking at the big picture — social and environmental sustainability in lending. Watchdog group BANKTrack rated 39 banks on the basis of 13 categories: human rights; labour rights; indigenous people; climate and e
American Express Signs On With Sun Microsystems
News  |  1/25/2006
Amex will use Java Enterprise System technology to build new portal services for its employees and customers.
BB&T Takes Stand on Eminent Domain
News  |  1/25/2006
Taking a stand on last year's controversial Supreme Court ruling, Winston-Salem, N.C.-based BB&T won't lend to developers building on land taken from private citizens through the power of eminent domain.
"The idea that a citizen's property can be taken by the government solely for private use is extremely misguided, in fact it's just plain wrong," said BB&T Chairman and Chief Executive Officer John Allison.
Read the
The Paper Lobby
News  |  1/25/2006
Cybercrime Feared 3 Times More Than Physical Crime
News  |  1/25/2006
Recent poll data, indicating that data breaches and identity thievery are changing consumer behavior, have been confirmed by a report released Wednesday by IBM
Size Matters
News  |  1/25/2006
Who's going to shake up the U.S. market in 2006?
Wachovia Signs BPO Deal With Genpact
News  |  1/25/2006
Seven-year deal brings Six Sigma experts to Charlotte.
Arizona Dreamin'
News  |  1/25/2006
According to the FTC:
The major metropolitan areas with the highest per capita rates of reported identity theft were Phoenix/Mesa/Scottsdale, AZ; Las Vegas/Paradise, NV; and Riverside/San Bernardino/Ontario, CA.
The mythical conception of the American West is a place where you go to reinvent yourself, to craft a new identity. I guess some people are taking that literally. FTC Releases Top 10 Consumer Fraud Complaint Categories: Identity Theft Again Leads the List
BS&T: The Movie
News  |  1/24/2006
I've always wondered why the lawyers get all of the attention in Hollywood, when banking is obviously the more exciting industry. Finally, Hollywood has recognized what we've known all along, with the upcoming release of a new film for the Bank Systems & Technology set, a film with the Harrison Ford seal of approval. From the "Firewall" Web site:
Computer security specialist Jack Stanfield (HARRISON FORD) works for the Seattle
Afraid of Commitment
News  |  1/23/2006
Banks aren't realizing full benefits of offshoring, Deloitte says.
Lost on Easy Street
Commentary  |  1/23/2006
What’s Left Of Unix?
News  |  1/20/2006
Longtime Unix customers, including banks, are bailing out.
Banks not only ones who don't trust Wal-Mart
News  |  1/20/2006
Reuters says that the FDIC intends to do a bit more investigating before hearing Wal-Mart's bid to open a bank, at the behest of a bipartisan group of pols.
What does Judge Alito know about technology?
News  |  1/17/2006
A journalist covering legal issues asked me why Judge Alito hadn't demonstrated any expertise regarding technology during his confirmation hearings. Following is my answer. I have worked on 22 cases as an expert witness because of my background in technology. I know nothing about the law. A good expert witness doesn't select his cases. They come to him so I have no bias as to why I worked on these 22 cases. The conclusion I have drawn from my experience is that cases relating to technology
The Largest Gap in Technology
News  |  1/16/2006
The Largest Gap in Technology - The Executive Suite and The Bank's "Factories." To residents of the executive suite, Take a couple of days off, wear your jeans and a black turtle neck (a la Steve Jobs, the Apple Computer genius) and report for work in a few of your branch lobbies and your back rooms. Result: You'll get depressed, and then you'll kick a few butts. How do I know? When banks hire me to do it, my canary yellow legal pad ends up with about 200 systems-related gripes from the
ART GILLIS: Show Me What's Comin' In Bank Technology
News  |  1/13/2006
2006 Shaping Up As A Good Year For Security Vendors
News  |  1/11/2006
Thanks in part to government-compliance regulations and increasingly sophisticated identity thieves, 2006 should be a good year for security solution providers and vendors.
Is EDGAR Headed for XBRL?
News  |  1/6/2006
The SEC is looking to leverage XBRL, which promises easy access to financial data, but industrywide adoption remains a challenge.
Locking Down the New Year
Commentary  |  1/3/2006
All of the recent chatter about enhanced security guidance in the banking industry has made for a rather scary computing environment.

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