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Management Strategies

12:10 PM
BS&T Staff
BS&T Staff
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Big Deals

** HSBC Picks PGP

HSBC (London) selected the PGP (Palo Alto, Calif.) Universal 500 series e-mail gateway to secure its electronic messages with PGP encryption and digital signatures.

** JPMC Services Freddie JPMorgan Chase (New York) will provide Freddie Mac (McLean, Va.) with transaction processing and recordkeeping services for securities and short-term assets to help the agency reconcile transactions and close its books faster.

** Deutsche Wants SimCorp

Deutsche Bank AG Asia Pacific Head Office (Singapore) licensed New York-based SimCorp's asset management software to support Deutsche's fund administration and accounting business across Asia.

** Trust in Metavante

Memphis-based 1st Trust Bank for Savings signed a long-term agreement with Metavante Banking Solutions (Milwaukee) for fully outsourced banking technology services, including core account processing and card services.

Provident Chooses Trintech To support its compliance initiatives, Baltimore-based Provident Bank selected Trintech Group's (Dallas and Dublin) ReconNET for account verification and reconciliation, and AssureNET GL for automating GL reconciliation, review and certification processes.

** Northern Strikes Correspondent Deal

Northern Trust (Chicago) will provide correspondent services, including the Trust/Rite trust accounting system, to support the growing trust operations of First Bankers Trust Services (Quincy, Ill.) and Spinnaker Trust (Portland, Maine).

** BOK Selects NetDeposit

BOK Financial (Tulsa, Okla.) will deploy the remote deposit capture system from NetDeposit (Salt Lake City) at its six subsidiaries to expand the bank into new areas.

** Barclays Bets on Borland

Barclays Global Investors (San Francisco) selected the Borland (Cupertino, Calif.) Silk product line to manage and test business- critical brokerage applications across BGI's global enterprise .

** Banco Crédito Revamp

Banco Crédito Inversiones (Santiago, Chile) chose Trema's (London) TremaSuite to replace the bank's legacy systems and provide a single solution for all treasury and investment management across the organization.

** PNC/Ariba Relationship

PNC Financial Services (Pittsburgh) extended its relationship with Sunnyvale, Calif.-based Ariba, and will use Ariba's Sourcing solution to streamline the sourcing process, and help improve growth and operating efficiency.

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