Content tagged with Core Systems posted in September 2010
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Temenos to Acquire Wealth Management Provider Odyssey
Core banking software provider Temenos signed an agreement to acquire Odyssey Financial Technologies, a global provider of front- and middle-office software for the private banking and private wealth management industries.
If a Bank Doesn't Have the Best Commercial Loan System It Might as Well be Using an NCR Post-Tronic
One reason why I'm using this blog to announce the importance of the commercial loan (CL) module of core systems is that not many people know it's the most valuable application in the suite. Here's a case in point. During my seminars for bank tech vendors, it is clear that the best people show up. It's as if my announcement said, "Don't send your rookies." Early on, as an attention grabber, I use the following hypothetical situation: "You are invited to make a 15-minute presentation to a body of
2010 Was Supposed to be the Beginning of Banking's Recovery - It Wasn't
Bank earnings are shrinking; bank failures are growing (20% more than last year at the end of this eighth month); bank customers (retail and commercial) aren't making good on their loans; Chairwoman Bair's troubled list (829) is growing; Chairman Bernanke continues to report the weak economy isn’t going to end soon and yet he can't find a better bailout; the wrists of too-big-to-fail banks are broken from all the congressional penalty slaps; bank tech vendors are reporting flat revenues; b
Grameen Grows Its Microfinance Platform on Amazon's Cloud
We've recorded recently how Grameen Foundation — a U.S.-based nonprofit that builds on the work of Grameen Bank founder Muhammad Yunus to try to "enable the poor to create a world without poverty" through microfinance (very small loans, such as $500) — has enlisted the help of SunGard and ThoughtWorks to scale up its Mifos platform. Mifos is essentially a core banking platform for microfinance institutions, and the organization has brought on four new institutions in the last four mo
There's Value in Every Press Release - About 95%
The value of a vendor's press release varies according to who is reading it. The difference is the equivalent of being served a crawfish etouffee dinner at Bon Ton in New Orleans vs. a display of raw ingredients on the chef's workbench. The creator of a press release wants to sell something; an analyst who reads it wants to boil the content down to bare facts. I want both sides of the story.
Drunk Mortgage Worker Shoots Computer Server; Groundswell of Popular Support Absent
The Deseret News has reported that a 23-year-old mortgage worker at RANLife Home Loans in Salt Lake City attended a concert after work one night, got drunk, went back the office, and shot the company's $100,000 server with a .45-caliber handgun. Although the assailant, Joshua Lee Campbell, told police someone had stolen his gun and threatened to kill him, a coworker said she found him passed out next to the server with a gun in his hand.
Chase Check Imaging to Speed Donation Deposits at Susan G. Komen Race
Chase’s Image Deposit Direct will image the checks of late race entrants and donors.
S1 to Provide Corporate Banking Solution to TCF
S1 to provide corporate banking solution to TCF to help minnesota bank aims to enhance support of corporate customers’ online banking needs.
First Niagara Partners With WAUSAU for Image Capture
Lockport, N.Y.-based First Niagara Bank ($20 billion in assets) and receivables processing solution provider WAUSAU Financial Systems announced a partnership to deploy WASAU's ImageTeller over-the-counter document imaging solution along with the S1 Branch Teller application to provide document capture and advanced workflow capabilities to the bank.
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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.
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