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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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| Open Solutions Canada Selects Hypercom’s HBNet for One of Canada’s Largest Off-Premise ATM and POS Networks | | Open Solutions Inc.® and Hypercom Corporation (NYSE: HYC) today announced HBNet, Inc., a Hypercom® subsidiary, will provide high speed transaction transport services for Open Solutions Canada, the Canadian s... | | | |
| Fiserv / Allstate Workplace Division Team up to Create Business Economies | | Fiserv, Inc. (NASDAQ: FISV), a leading provider of technology solutions for the financial and insurance industries, announced that Allstate Workplace Division is realizing superior results from its project to implem... | | | |
| Broadridge Adds BNY ConvergEx Group’s LiquidPoint to BPS Platform | | LiquidPoint Provides Superior Options Liquidity and Cost Savings for Electronic Options Traders
Broadridge Financial Solutions, Inc. (NYSE: BR) announced that they are now offering their brokerage c... | | | |
| National Bank of Kuwait Selects Open Solutions’ Imaged-Based Item Processing for its New York Branch | | $800 million U.S. branch to improve processing operations
National Bank of Kuwait SAK, New York branch (NBK NY) announced it has selected Open Solutions Inc.’s ® image-based item processing so... | | | |
| Fiserv Launches CheckFree International Payments Processing Suite to Address OFAC Compliance and International ACH Transaction Code | |
New modules provide robust monitoring and validation to ensure regulatory and
NACHA processing compliance
CheckFree Services Corporation, now part of Fiserv, Inc. (NASDAQ: FISV), a leading provider of inf... | | | |
| Skywire Software introduces Ingage™ | |
New software application streamlines data capture helping to automate new business underwriting for insurance carriers
Skywire Software, a leading global provider of software and services fo... | | | |
| WAUSAU’s Latest Remote Corporate Capture Release Leads the Industry in Remittance Integration and Web-Based Deployment Tools | | With its newest release of it’s Remote Deposit Capture (RDC) solution, WAUSAU Financial Systems’ continues to build on its recognized industry leadership position Processing for over 45% of the ind... | | | |
| State Department Federal Credit Union Establishes Worldwide Link with VSoft’s Merchant Capture | | Federal credit union uses innovative technology to capture deposits from around the globe
VSoft Corporation, a global information and technology provider of process improvement solutions for financial insti... | | | |
| New Kopel Insurance Implements InsFocus Insurance-Specific Business Intelligence System | | InsFocus Systems Ltd. (www.insfocus.com), a provider of business intelligence solutions for insurance companies, announced that New Kopel Insurance Company has implemented InsFocus’ insurance-specific business... | | | |
| Nedbank Capital Selects Coral8’s Complex Event Processing Solution to Make the Leap in Performance and Enhance Customer Experience | | Coral8 Engine Speeds New Application Development, Migration of Legacy Applications, and the Delivery of New Products to Bank Customers
Coral8, Inc., a leading provider of Complex Event Processing (C... | | | |
| ATERAS Successfully Completes the Policy Number Expansion Project for Progressive | | ATERAS announced that the Policy Number Expansion Project for Claims IT Systems at Progressive using DB-Shuttle™ Enterprise Change capabilities has been a success! The purpose of the project was to use a stand... | | | |
| Fiserv Tops Ranking of Anti-money Laundering System | | NetEconomy, the global leader in financial crime management and compliance solutions and a business unit of Fiserv, Inc. (NASDAQ: FISV), announced that IBS Publishing has ranked NetEconomy as the top-selling provide... | | | |
| 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... | | | |
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Satisfying the Demands of the Next Generation of Clients |  Asset, portfolio and wealth managers know the tools they need to remain competitive: a real-time aggregate view of a customer’s assets and allocations, a clear picture of the changing conditions of financial markets, and applications that are robust, flexible, and easy-to-use. But for that, financial services institutions need to overcome the challenge of having to access information from independent systems that use complicated and competing interfaces. They need dynamic and holistic tools and a CRM system that they actually use. Microsoft has developed the tools and a partner network that speaks to these areas. We ask these solution providers to give us their take on what makes sense for financial services providers as they seek to satisfy the demands of the next generation client.
By Nadine Kjellberg | Category(s): Capital Markets, Leaders Forum
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CNB Aims for Fully Integrated Self-Service Platform |  Oklahoma-based Central National Bank (CNB) drives ATMs and issues and processes prepaid cards on its own behalf as well as for other financial institutions. A few years ago, the bank identified a golden opportunity to hook its prepaid card system and an array of other self-service transaction services into the switch using Postilion’s integrated solution for self-service banking and payment processing. That foresight not only enabled CNB to win customers, but it also allowed it to tap markets its competitors have yet to penetrate.
| Category(s): Banking
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Unum’s SOA Project Yields Benefits Beyond an SMB Portal |  Despite the implementation challenges, software-oriented architecture (SOA) can be a great vehicle for streamlining and expanding financial services offerings. Insurance provider Unum is now finding this out through an ambitious joint effort by business and technology specialists to build a new self-service portal for small to medium-sized business (SMB) customers.
| Category(s): Insurance
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Insurance House Integrates Data, Sets Sight on Business Intelligence |  For many insurers, analyzing policy and claims data pulled from disparate systems is no easy feat. In search of an enterprise data model and warehouse, Insurance House partnered with Skywire Software based in Frisco, Texas. Internal reports and product design analytics are now produced in near real-time, and the reduced integration costs have allowed the insurer to reduce IT headcount by half.
| Category(s): Insurance
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SPOTLIGHT |
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Joe Pimbley on Physics and Risk
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Lab49’s Innovation Contest Gives Top Prize to ‘Stock Information Boids’
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SAP, Microsoft Team to Help Banks With SOA
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Wombat, Gissing Bring Low Latency Market Data to Traders’ Desktops
| Category(s): Capital Markets, Banking, Spotlight
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Client-Centric Strategies for Thriving in a Downturn |  Financial services firms across the industry continue to feel the repercussions of the sub-prime mortgage meltdown and the ensuing credit crunch and market volatility. In response, they’re looking for solid strategies that can help them weather current market challenges.
Jason Rushforth, global VP of financial services at CDC Software, stresses that as financial services firms respond to current conditions, they need to take care not to resort to short-term thinking. Rather than implementing stop-gap measures, he says, firms need to look for solutions that will enable them to mitigate the immediate effects of the downturn while also strengthening their position for the long term.
We spoke with Mr. Rushforth about which kinds of strategies can deliver the best results for financial services firms, both now and in the future. | Category(s): Capital Markets
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Getting the Thinking Right |  As budgets tighten amid recession worries, technology departments have a harder task on their hands. They have to find technologies that make their companies more efficient – but a tight belt is not something known to inspire grand thinking.
On the cover this month we feature Kumar Vadaparty, director at Merrill Lynch’s Global Wealth Management Technology division.
Developers often are criticized for being myopic, but it is perhaps more the fault of the culture around them that fosters that mentality as developers are compensated not for their great ideas, but for finishing the task in front of them as efficiently and cost effectively as possible. | Category(s): From the Editor
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Execution Blazes Trail for Microsoft ICP |  Sales traders operate in a fast-moving environment, and so don’t want to be burdened by islands of non-integrated technology, says Mark Adams, development manager with Execution Ltd., a London-based full-service agency stockbroker. Execution set about aggregating the information from three principle types of systems – external market data feeds, customer relationship management and trading – into a unified front-office desktop application that would help the sales traders become more efficient and more profitable, he says.
| Category(s): Capital Markets
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Scotia Capital Ties Events to Closer Customer Relations |  For sell-side organizations, good customer relations are the key to revenue generation. But providing high-quality customer service means first knowing what the client wants, and then being proactive in meeting its demands. So when Scotia Capital wanted to upgrade its legacy customer relationship management capabilities it turned to Salentica Systems, a Microsoft Dynamics CRM partner that has built a range of value-added tools as extensions to the Microsoft CRM.
| Category(s): Capital Markets
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Online Banking: Catering to Your Most Desirable Customers |  Online banking is now a mainstream access method for consumers in the U.S. Many observers are convinced that banks must stop thinking about online banking as a distinct delivery channel and work on integrating it with their other delivery channels in such a way to help differentiate them from their competitors. This forum provides our industry leaders with the opportunity to discuss the latest trends in online banking and what banks should be doing to provide their highly desirable customers with the best possible online experience.
| Category(s): Banking, Leaders Forum
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Long-Term Ratings Good for Merrill Lynch’s ALM Framework | 
Kumar Vadaparty and his development teams get high marks from the industry
By Paul Allen
While Merrill Lynch’s win in this year’s Windows in Financial Services Developer Awards for its Application Lifecycle Management (ALM) Framework is a striking achievement, even more notable is that it is the second year in a row the firm has triumphed in the awards. So what is behind their success? | Category(s): Capital Markets
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Microsoft Targets Financial Institutions With Silverlight Demos |  Silverlight, Microsoft’s new cross-platform and cross-browser plug-in, holds tremendous promise across all areas of financial services to meet rising demands among workers and consumers for rich, interactive online experiences. To help drive that potential, Microsoft is creating a series of innovative demos for presentation at industry events as well as in individual meetings with banks, traders, and insurance firms.
| Category(s): Inside Microsoft
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Industry Perspective: Taking Stock of CME’s Auditing Solution |  CME Group, formed when the Chicago Mercantile Exchange and the Chicago Board of Trade merged in 2007, is the world’s largest and most diverse exchange, but with size comes challenges. The company needed a faster, more streamlined way to conduct audits of companies clearing transactions through it, and to share that information among auditors and managers. Its development team created Castle, a solution that cuts CME’s development time and audit reviews by 20 percent allowing auditors to work in the familiar interface of the 2007 Microsoft Office system. WFS spoke to Roman Benko about this solution and his team’s innovative use of Microsoft technology. Benko is associate director of systems development for the financial exchange.
| Category(s): Capital Markets
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Out From Under the Data: Shifting Data From Task to Strategic Priority |  The financial industry’s data mavens know well that crisis inspires change. New regulations and increasing volumes have been moving data management up to the notice of company decision-makers. But how far has the industry gotten in considering managing data content as an asset? For some, enterprise data management seems to be getting more its due with executives starting to realize there is a business opportunity to be had. For most others, while they have made progress in getting data management positioned as an important task, there remains many battles to be won in the areas of organizational alignment, governance, and funding.
Windows in Financial Services recently conducted a WFS Council roundtable moderated by EDM Council’s Michael Atkin. The purpose of the roundtable was to take stock of where we are as an industry in setting data management as a business priority. The following experts participated: John Bottega, Citigroup; Rob Casper, Morgan Stanley; Joe Cleaver, Microsoft; Peter Giordano, CIBC Oppenheimer; Adam Honore, Aite Group; Mohammed Jafar, MetLife Investments; George Lipsker, Avanade; John Mulholland, Royal Bank of Canada; Jim Perry, Goldman Sachs; Peter Serenita, JPMorgan Chase; Larry Tabb, TABB Group; Julie Warren, New York Life; and Paul Yaron, Bear Stearns. | Category(s): Capital Markets, Leaders Forum
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| Berkshire Life Strengthens Disability Income Insurance with Illustration Software | As part of an upcoming launch of its next generation flagship individual disability income insurance line, Berkshire Life Insurance Company of America will give its sales force a Web and desktop-enabled illustration system. Berkshire has selected the ForeSight insurance illustration system from Insurance Technologies, a Microsoft Insurance Value Chain partner to deliver enhanced marketing opportunities and vastly upgraded efficiencies for field releases. | | | Russian Bank VTB 24 Boost Data Protection with Endpoint Security Software | VTB 24, one of Russia’s largest retail banks, has invested in endpoint device control security to prevent data leaks and uncontrolled use of locally connected devices from employees’ computers. | | | Austria’s Securities Agency Migrates to Vista for Security | Austria’s Oesterreichische Kontrollbank AG (OeKB), which serves as the central finance and data service provider for Austria’s export industry and capital markets, has migrated to Windows Vista to maximize IT and data security. | |
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