Windows in Financial Services

The TowerGroup predicts the number of phishing attacks should rise to 86,000 by the end of this year. Vendors and financial firms are starting to respond, and as a variety of strategies for combating phishing emerge, more banks are lining up to try them.
So far 25 customers have implemented Corillian’s Fraud Detection System, launched last [...]

As a financial services IT solutions provider, Cognizant combines deep domain expertise, proprietary intellectual property and the onsite/offshore delivery model to solve critical insurance industry problems. To help pinpoint their approach and experience in mainframe migration, we talked with Sanjiv Gossain, their vice president of technology for Europe. With over 15 years of IT consulting [...]

The insurance industry’s global expansion continues. Carriers are seeking new business opportunities in Asia, some companies are consolidating the positions they took in US and European mergers and acquisitions over the last decade, and companies around the world are continuing to refine their reinsurance positions.
“Insurance has historically been global in nature through the reinsurance and [...]

Capita Insurance Services, the UK’s leading provider of business support services to the insurance market expects to reap benefits in the range of £20 to 40 million during the next five to ten years as a result of its implementation of the SAP Claims Management and CRM solutions.
“We are the first firm within the UK [...]

That description fits the CIO at Merrill Lynch who runs a $2 billion IT project portfolio using Business Engine. With an approach that should appeal to financial firms that are well accustomed to thinking about portfolios and asset allocation, Business Engine Network (BEN) combines project management with financial analysis to help firms determine how, where, [...]

North American carriers are taking a variety of approaches to supporting new initiatives in Asia. Some are partnering with local financial firms and some are processing the business in North America to avoid building new data facilities.
Gail McGiffin, associate partner at Accenture, said that global companies can realize savings by using applications in more than [...]

Few industries have spent as much on computing technology over the last 40 to 50 years as the financial services industry. Automating fundamentally manual functions in the 1960s on mainframes was the most common type of application.
Today, the demands have moved far beyond really fast processing to really flexible access. Internally focused applications, built for [...]

Few today would hesitate to add cyber-attacks to death and taxes as yet another of life’s unpleasant and unavoidable certainties. Networked systems are not secure, but increasingly our society’s infrastructures (where the financial sector leads) are becoming dependant on these systems. Greater dependence means greater risk – risk, for example, that data becomes corrupted, that [...]

Fujitsu Software recognized the value of Microsoft’s .NET Framework early on, demonstrating an early prototype of .NET support at Microsoft’s Professional Developers Conference 2000 when .NET was first announced. They were the only COBOL vendor to release a compiler producing native .NET MSIL code when .NET was released.
Today the NetCOBOL for .NET compiler is complemented [...]

From sales to appraisals to damage assessment, insurance requires many of its professionals to work away from the office. The new mobility offering for insurance agents and claims adjusters announced by Microsoft and HP is already generating buzz within industry associations.
“The Council of Insurance Agents and Brokers is excited about HP Mobile Agent. We are [...]