Deutsche Bank's Barry Zucker talks to Finextra about how TCS Aspire supported its move to migrate common reconciliations into a central utility. The reconciliation utility has been immune to volume spikes due to the current economic crisis and allows Deutsche to dedicate more resources to esoteric reconciliations.
Since 2006, BMO Financial Group has been working with IBM to develop and deliver a global resourcing strategy to improve application development and support. Finextra spoke to Kathleen Barret, the group's Global Resourcing Program Manager of Corporate Technology Development, about how the group's strategy has developed, and what are the key benefits and learnings so far.
Finextra spoke to Janina Grönholm, director financial institutions and Sepa development at Aktia Bank; Gerald Hechl, head of RZB's product management and infrastructure team; and Hartmut Bremer, director and Sepa manager at Deutsche Bank, about how they are taking advantage of new services being delivered by EBA Clearing.
Norwich Union (Aviva) has put in place an innovative structure for reducing ongoing application management costs and decommissioning legacy applications, allowing the IT group to be more responsive to strategic business needs. Susan Adcock, director of programmes at Norwich Union, spoke to Finextra about the lessons the organisation has learnt seven months into the initiative, and the benefits it is getting from its partnership with IBM.
Bahrain's Eskan Bank chose Misys Equation to help it compete in the fast-growing real estate market.
Habib Bank, the largest private-sector bank in Pakistan, reaps the benefits of centralising banking systems with Misys, delivering better and faster products to its customers.
Payments technology and service provider Envoy approached Swift to understand how corporates could engage with the bank-owned network.
Neteller's payments integrator Netbanx needed to achieve greater automation and higher rates of STP for its payments business.
Payments outfit Earthport turned to Barclays Commercial Bank when it was looking to offer better services to customers and improve coverage and pricing.
Pension scheme administrator Watson Wyatt shaved two days off the time taken to process its investment transactions with fund managers and substantially reduced the risks from manual intervention by moving its processing to a Swift Service Bureau.
International payments processor PacNet needs to maintain over 170 different bank relationships and over 400 separate bank accounts across the globe, whilst managing many different electronic banking systems. It turned to SMA Financial's Swift Service Bureau.
Brewer SABMiller wanted to improve the visibility of its currency, interest rate and counterparty exposures across its relationship banks worldwide. After consultation with their main operational banker in the UK, Barclays Commercial Bank, SABMiller met with the SMA Financial team and explored the Swift Service Bureau option.