Windows in Financial Services

At JPMorgan Chase, the retail bank aims to make it easy for customers to get at the information they need regardless of where it is located within the bank.
“You should, as a client, be able to be independent of channel to get an answer or to go across products,” said Greg Murray, vice president of [...]

The Bank of New York has acquired a 51 percent stake in Netik, providing the data warehouse provider with financial stability and the bank with vital software for its outsourcing business systems for financial services.
Fred J. Ricciardi, executive vice president of The Bank of New York, said the bank found Netik when it was looking [...]

You might expect senior technology people at major financial institutions to be an oppressed and despondent bunch with all the conflicting demands made upon them to do more with less and get it done faster. Maybe that’s largely true and only the raving optimists get invited to do presentations at meetings like the Financial Insights [...]

The ATM is moving into a much more powerful new role as banks deploy the latest hardware running on the Microsoft Windows operating system which delivers far more capabilities and allows easier integration with other channels. Now all it takes is for bankers to figure out what ATMs can do.
“The concept of channel integration, sharing [...]

Microsoft has named David Littlewood managing director of worldwide financial services. He will head the global team that sets the strategic direction for Microsoft in this sector. Littlewood joined Microsoft from Sun Microsystems where he held a similar position for the financial services and retail industries as part of his 13 year career with the [...]

The most important trend in hedge funds is that they are pursuing and attracting institutional money, especially corporate pension and public pension funds. The Bank of New York predicts that institutional capital invested in hedge funds will increase from $60 billion to $300 billion in the next five years and will soon account for more [...]

SWIFT, the international payments organization, awarded Microsoft’s BizTalk Accelerator for SWIFT its gold certification. The BizTalk Accelerator for SWIFT enables customers and independent software vendors to deliver solutions that allow financial institutions to integrate into the SWIFT network and automate transactions quickly and at a relatively low cost.
“We want our members to have a choice [...]

Microsoft Treasury, the division charged with managing the software giant’s financial assets and foreign currency exposure, has beefed up its asset management system by moving risk management onto AMD’s 64-bit Opteron servers. Using the Barra TotalRisk System to manage risk in its financial portfolio, Microsoft Treasury was finding that Monte Carlo simulations were taking 12 [...]

Danny Peltz is executive vice president of Wholesale Internet and Treasury Solutions at Wells Fargo. Wholesale Internet and Treasury Solutions develops and delivers financial services products to the middle market and to corporations. The group, started in 1999, looks for and delivers the technologies that will increase efficiency for customers and help customers simplify their [...]

For HP and Microsoft, the problem of multiple delivery channels provides a business opportunity. Using Microsoft .NET, HP has built an integration layer with business services that it calls OpenBank.NET.
“It allows connectivity between the channel applications and the back-office system to represent to both the customer and to the bank employee – whether it is [...]