Windows in Financial Services

In April 2004 Micro Focus and Microsoft announced the creation of a new alliance, the Mainframe Migration Alliance, to enable the migration of critical proprietary mainframe systems onto the Microsoft Windows operating system using Microsoft .NET technology. Laying the technology foundation to move application workloads from the mainframe to more modern Intel architecture and the [...]

When a major international bank bought a large North American finance company, there were concerns the finance company would take its new parent into risky lending where it had little experience. Investor fears were calmed by the finance company’s use of software from Santa Fe-based Strategic Analytics, which predicted bad debt provisions accurately and explained [...]

Trading has become increasingly automated with the result that Wall Street has a lot fewer traders than it did a few years ago even while volumes are rising. But traders aren’t going away.
Richard Korhammer, CEO of Lava Trading, estimates the street has lost a third of its sell-side traders, yet volumes keep rising because trading [...]

Capitol Indemnity Corp. in Middleton, WI, had been using the AQS commercial policy administration system since the days when it ran on green screens in MS-DOS. So when the software vendor came out with AQS/advantage running on Windows, making the move to the new system was a natural.
“We converted to the AQS/advantage application as soon [...]

HP has carved out a niche for itself in application modernization, and specifically now in legacy mainframe application modernization. When undertaking such work, it’s essential to focus on the entire environment – not just a single application – and it’s what HP has been doing for years. According to Richard Holling, director, insurance sector, financial [...]

One of India’s leading IT Services companies, HCL provides software-led IT, BPO and infrastructure management services. Over 2,000-person years of experience in providing solutions to the insurance industry has led HCL to reduce the cost, risk and time-to-market for new solutions by over 30%, says Andrew Gibson, head of HCL’s North American insurance practice.
WFS: How [...]

NIIT Technologies has grown into a global IT and business process management services provider, with a footprint that spans 14 countries across the world. According to William Parkinson, vice president, insurance practice based in Atlanta, NIIT ranks among an elite group of global firms that have been assessed at Level 5 of CMMI.
Parkinson also told [...]

State Employees’ Credit Union, the second largest credit union in the United States, has selected two of Corillian’s fraud prevention products to comply with the Federal Financial Institutions Examination Council’s end-of-year deadline for multi-factor authentication and to fight fraud. “We selected Intelligent Authentication for its ability to provide strong, FFIEC-compliant authentication without compromising our member [...]

Diawa SB Investments Ltd., an asset manager with more than USD $31 billion in assets under management, has selected the Charles River Investment Management System to replace an order management system and several other tools from various existing local vendors. The tools from the Charles River IMS that Daiwa is implementing include portfolio management and [...]

Like many banks, Huntington occasionally received complaints from customers about long lines. Branch managers typically wanted to respond by adding staff.
To determine how many people were needed, and when, the bank deployed staffing prediction software from Exametric. Now lines are shorter while the bank has saved more than half an FTE (full-time equivalent employee) per [...]