Payments software vendor Vectorsgi, formerly Sterling Commerce's banking systems division, has launched a technology consultancy service aimed at financial services firms.
The new service will focus on cheque image technology, cheque re-engineering, payment systems, archive strategy and planning, Cheque 21 and merger services. Veector says the transition to an image-based enterprise is one of the primary challenges banks are facing today.
The consultancy will employ 40 staff and will be headed by Dick Jerrier, vice president of Vectorsgi. Jerrier says most of the staff in the practice have at least 15 years experience in banking or with banking technology providers.
He adds: "Our focus will be on helping banks uncover ways to reduce expenses, increase revenue and customer satisfaction, streamline processes and gain competitive differentiation."
Before joining the vendor, Jerrier was senior vice president and managing director of the financial services business unit at RCM Technologies.
Prior to this he established and managed a consulting practice for Carreker Corporation and was also a senior executive at Atlantic Data Services, Kirchman Information Processing and Electronic Data Systems. He has also been senior vice president and president of Bank Boston Florida Trust.