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Developer Awards
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What’s the latest and greatest? What does the industry really think about today’s hot issues? Often this essential insight can be found in blogs. Click below to read some of the best. |
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| Mitigating Mortgage Woes | | The mortgage technology industry assesses the opportunities the current mortgage crisis presents for... |
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Latest Company News Items
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| Volante Launches Streamer: Market Data Integration for Ultra Low-Latency Systems | | Supports trading and real-time analytics, high-speed message platforms and CEP, as well as real-time feed normalization
Volante Technologies, Inc., provider of accelerated data integration solutions to the financ... | | | |
| ProfitStars Provides Enterprise Exception Management Suite (eEMS) to Charles Schwab | | Risk Management Solution Helps Mitigate Inherent Risks Associated with Financial and Operational Data
Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data... | | | |
| Fiserv’s FraudNet™ Prevents More than $287 Million in Fraud Losses Since Its Inception | | The CheckFree service blocks more than 21,000 attempted fraudulent bill payment transactions
for 462 financial institutions
Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technol... | | | |
| Fiserv Aperio Reaches Scalability Milestone | |
Testing proves solution can support 10,000+ concurrent users with Microsoft SQL Server
Fiserv CBS Worldwide, a business unit of Fiserv, Inc. (NASDAQ: FISV), has announced that it has exceeded its performa... | | | |
| Open Solutions Co-Hosts Health Savings Accounts Forum at The White House | | Open forum addresses government and market issues on the horizon
Open Solutions Inc.®, a provider of integrated enabling technologies for finan... | | | |
| Summit Financial Technologies Canada, Part of Fiserv, Signs Five Canadian Credit Unions for iSpectrum | |
Five new British Columbia based credit unions select iSpectrum to meet their strategic, long-term technology needs
Seeking a core system to satisfy their business needs into the future, five British Columbi... | | | |
| Open Solutions Co-Hosts Health Savings Accounts Forum at The White House | | Open forum addresses government and market issues on the horizon
Open Solutions Inc.®, a provider of integrated enabling technologies for financial services providers across the United States, Canada an... | | | |
| SAP and Microsoft Join Together with Leading Industry Players and Global Banks in a New Association to Help Banks Establish a Service-Oriented Architecture | | Key Banking Software Vendors Found Association: Callataÿ & Wouters, Microsoft, SAP, SunGard, Temenos
Leading Service Providers First to Join Association: AXON, Finanz IT, ifb group, Steria, SWIFT, S... | | | |
| Quincy Credit Union Extends Relationship with Open Solutions by Selecting its Relational Core Platform | | Long-standing client selects core provider based on strategic partnership, platform sophistication
Quincy Credit Union announced it has selected Open Solutions Inc.’s®The Complete Credit Union Sol... | | | |
| Fiserv and SunTrust Bank Team Up to Promote Eco-Friendly Campaign | | Companies will donate one tree for each customer who signs up for electronic bill activation or pays three or more bills online
Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services t... | | | |
| Fiserv CBS Positioned in the Leaders’ Quadrant for International Retail Core Banking | | Evaluation based on completeness of vision and ability to execute
Fiserv CBS Worldwide, a business unit of Fiserv, Inc., (NASDAQ: FISV) announced it has been positioned by Gartner, Inc. in the Leaders' quadrant of ... | | | |
| Fiserv to Provide Check Processing Services for Customers Affected by Fed’s Migration to Electronic Payment Products | | Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial industry, announced that it offers replacement services to assist its customers affected by the Federal Reserve Ban... | | | |
| Fifth Third Bank and Fiserv Plant Trees to Tout Environmental Benefits of Online Bill Payment | |
Companies will donate one tree when select customers pay five or more bills
CheckFree, now part of Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial indu... | | | |
| BankAtlantic and Fiserv Team Up to Plant 10,000 Trees in Florida’s Forests | |
Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial industry, and BankAtlantic, "Florida’s Most Convenient Bank," announced they will donate a ... | | | |
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| HSBC Takes Extra Step to Block Pfishers | UK banking group HSBC is deploying extended validation secure socket layer (EV) SSL certificates to help its online customers identify fake sites and block pfishers. The company has tapped California-based digital security firm VeriSign to provide this extra layer of security. | | | Nationwide Adopts Technology to Improve VoiceXML Applications | Nationwide Mutual Insurance Company has implemented new technology aimed at helping the company deliver higher quality VoiceXML applications to better service their customers and improve efficiencies. | | | Crystal Capital Fund Centralizes Data, Cuts Reporting Time | Crystal Capital Fund, an investment fund that provides debt and equity funding to middle market companies, has adopted Microsoft Dynamics CRM 3.0 to centralize its customer-related data and make it easier for employees to query information and create reports. | |
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ING Investment Management Issues a 'Wake-Up Call' to Farflung PCs |  Although it is always important to keep Windows up-to-date, actually delivering the latest software to far-flung end-users isn’t necessarily simple. But ING Investment Management has found that combining Microsoft SMS (Systems Management Server) 2003 with a remote wakeup product from 1E provides an easy solution for its current Windows XP installation.
“We want to get as close as possible to being a 100 percent Microsoft shop,” says Richard Peterson, senior desktop engineer in ING Investment Management’s Information Technology (IT) Department. | Category(s): Capital Markets
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Growing Foreign Exchange Player Goes for Windows Grid |  Like increasing numbers of other financial firms throughout the globe, Edinburgh, Scotland-based Xchange Business has turned to a Windows-based grid computer system as an alternative to a mainframe for scaling its business outward and upward.
Why? Economics is the most compelling driver, according to officials of this major player in the international foreign currency exchange and money transfer markets. | Category(s): Capital Markets
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CIO Fred Cook Views the Possible |  If you don’t know where you are going, even the best technology will have a hard time getting you there. North Shore Credit Union’s Fred Cook understands this well, and the CIO, recognized as a top innovator last year, has made it his business to be clear-sighted about where the business is headed.
| Category(s): Banking
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CCFCU Increases Efficiency With VSoft Check Imaging Technology |  At Constitution Corporate Federal Credit Union (CCFCU), the migration away from paper is an ongoing process. In 1999, CCFCU implemented an image-based item-processing platform with the help of Atlanta-based VSoft and so far has seen returns in increased efficiency and better customer service. Every year it takes advantage of new features and functions to yield further improvements.
With more than $1.8 billion in assets, CCFCU is a wholesale financial institution that provides investment and correspondent services to about 200 credit unions in the US, mainly in Connecticut. | Category(s): Banking
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From the Editor: Excellence in Development | With turmoil continuing in financial markets, innovative development perhaps takes on new significance with its promise of differentiation and indeed cost savings.
 Banks, brokerage firms, and insurers understand that the only way forward is figuring out, before their competitors do, how to achieve a clear, real-time view of their relationship with their customers across multiple products and channels. The institutions able to keep the attention of investment and Web-savvy millennial customers are those that offer personalized, high-quality service including on their Web site.
| Category(s): From the Editor
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American Family Insurance Taps DriveCam to Change Teens’ Driving |  American Family Insurance is hoping to reduce the risks presented by teen drivers, who disproportionately account for driving fatalities. While young drivers make up around one-tenth of the population of countries, they account for more than a quarter of drivers killed on roads, according to the Organization for Economic Cooperation and Development. The United States ranks second on the number of deaths and injuries caused by driving.
| Category(s): Insurance
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CUNA Mutual Takes .NET-Driven Claims Automation in New Direction |  Insurance claims processing has a reputation for being both time consuming and error-prone with countless manual steps. But through a series of initiatives using .NET technology, CUNA Mutual Group (CMG) has been progressively automating this process, resulting in better accuracy, faster claims decisions, and now, integration between the claims process and new call centers.
Based in Madison, Wisconsin, CUNA is a leading financial services provider to credit unions and their members around the world. With assets of more than $10 billion, CUNA holds relationships with 5,000 credit unions and 40 million credit union members. | Category(s): Banking
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Microsoft: Changing How it Delivers to Financial Services |  While Microsoft has long been a key provider for financial services companies, it has only recently shifted its strategy to take more of a leadership role in that community.
“We have come to understand how important our enterprise customer is to us,” says financial services GM Tracy Issel. “We are moving from being a provider in this industry to being a true partner to being a real player, helping to define the future of the financial services industry.” | Category(s): Inside Microsoft
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The Trust Factor |  Growing business in volatile times requires a client-centric approach
Between recession predictions, the credit crunch, volatile markets, regula- tory fines, scandals, and massive write-downs, recent financial headlines have been predominantly negative and fear-inducing, eroding confidence in the economic health of the nation—and of its citizens and businesses.
It’s no coincidence that hand-in-hand with these headlines have come others that indicate a loss of trust in the institutions that provide financial services to the country’s businesses, citizens, and institutions. For many financial services providers, it feels like being kicked when they are down—they are unsure how to grapple with a crisis of trust in addition to their current economic woes. | Category(s): Capital Markets
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BNY Simplifies Basel II Compliance |  The Basel II Accord may reduce risks for banks, but the regulation is complicated and time consuming. In search of a global compliance solution, The Bank of New York partnered with Financial Architects (FinArch) based in Belgium.
For nearly two decades, banks have had to set aside 8 percent of risk-weighted assets to offset credit risk to meet the requirements of the Basel Accord. The regulations have been revised a couple of times to include minimum regulatory capital requirements to offset market risk. Now, the measurement of operational risk adds a new level of complexity to the regulation. | Category(s): Banking
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Towergate Underwriting Draws on Landscape for Future Growth |  A decade of acquisitions has transformed Towergate Partnership into Europe’s largest independently owned insurance intermediary. That path to growth, however, has brought with it a medley of legacy technology, with Towergate Underwriting – the organization’s underwriting division – amassing some 30 different administration systems. As its data was all over the place, it could not get a clear view of how well the organization was actually doing. It was time to consolidate.
| Category(s): Insurance
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Microsoft’s Colin Cole Discusses the Future of the Insurance Industry |  Microsoft’s Insurance Value Chain has evolved since it was launched almost seven years ago as an integration concept and prescriptive guidance for integration techniques and product usage using Microsoft technology. It has assembled a vast network of Microsoft partners and has been leveraging new technology to simplify integration between partner and in-house solutions.
| Category(s): Inside Microsoft
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MAAKL MUTUAL Proves At Home With Cutting-Edge Technologies |  Typically, the IT department is the main protagonist driving the take-up of technology within an organization. Not so with MAAKL MUTUAL Berhad, winner of this year’s Windows in Financial Services Developer Award – given to innovative solutions developed on the Microsoft platform – for its Home Office application. Rather, the Home Office project has been championed from the start by chief executive Boon Choy Wong.
By Paul Allen | Category(s): Developers
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Mainframe Modernization: Maximizing The Potential Of A Mixed Environment |  Today’s customers expect 24/7/365 service, and systems must be able to support STP and fast product development cycles. Old legacy systems that run on mainframes cannot keep up with these demands, and financial institutions are well aware that it will be increasingly difficult to compete when their core systems are not up to scratch. In addition, most commercial software is being developed in modern languages for a server environment, not for mainframes.
These issues are driving financial institutions to sunset their legacy systems and modernize their mainframes with the objective of lowering operating costs, gaining greater flexibility, accelerating new product development and creating competitive advantage. Modular, componentized approaches are a flexible and cost-effective way to accomplish this goal. Moreover, service-oriented architecture, Web services and EAI software are making it much easier for platforms to work well together.
To this end, firms no longer have to think in terms of being a Unix shop, a Linux shop, or a mainframe shop. They can operate a more complex environment without having a much greater support burden.
Ultimately skill set, scalability and cost are the major factors financial institutions will consider when they choose a solution. Here, six major players in mainframe modernization share their thoughts and talk about their offerings, all of which have had a significant impact on the financial services industry in the US and around the world.
Sherree DeCovny, Contributing Editor | Category(s): Mainframe Migration, Profile
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