GLG News by Core Banking Processing Solutions Evaluators and Purchasers

James McMahonPresidentJM Bear Advisors

Stress Testing Now Being Applied to Loan Underwriting Models

May 12, 2009

Analysis of:Consulting Management Platform | www.financialexpress.com

Just as stress tests have now been applied to the top banks. New stress tests or shock measurements are now being built into a number of consumer, business and commercial real estate automated loan platforms Regardless of being a small FI or a supoer regional or a national new loan underwriting variance or shck/stress testing parameters are being incorporated in vendor and proprietary loan models The end result is a more clear predictive laon recomendation or outcome that will establish worset case repayment senarios on a loan by loan. loan priduct and portfolio segmenation basis.

James McMahonPresidentJM Bear Advisors

Residential Mortgage Application Market Still Dominated By Fear

May 11, 2009

Analysis of:Abbey says mortgage market is set to grow | www.timesonline.co.uk

We are clearly at the trough of this cycle. Except for some speed bumps ahead which will all be different in size and lenght we have some time before we see a ramp up. Consumer skepticism in the existing and new housing market still dominated by consumer fears of job stabiity and housing prices.

James McMahonPresidentJM Bear Advisors

Deposit Rates Inch Up on All Products Across all Financial Service Markets

April 1, 2009

Analysis of:Top savings rates rise as banks step up competition | www.ft.com

The competition between Banks, Thrifts, Credit Unions, Internet offerings and almost any deposit based institution has started to heat up in the US as well. Deposit rates tumbled across the product spectrum. A plethora of products contracted down to a handful. The expertise and talent in asset liability management (ALCO) of all Financial Institutions (FI's) became the new focus of bankers worldwide wether they had a handle on it or not.

Art GillisPresidentComputer Based Solutions, Inc.

There Are 814 Good Reasons For A Bank To Switch To A New Core System. One Is Usually Enough.

October 20, 2008

Analysis of:Despite Tons of Talk Banks Don't Upgrade | www.americanbanker.com

As long as the de novo movement continues, there will be new core sales.  Last year, 39% of new core sales were to de novo banks. In my opinion, there are 1,280 FIs that are ripe for a better core system and the only way they’ll get it is if vendors commission Buffett/Gates sales types to make it happen.  Waiting for a brand new core system to make it happen, the likes of which the ten offshore companies sell everywhere else but the U.S., will only result in disappointment.  Bankers buy functionality, not architecture, and today’s top U.S. systems have more functionality than the economy has bad news.  In fact, some of that functionality (for example, Risk Management) helps to skirt the reasons for economic bad news.  And remember, I’m not a salesman.  I show up after the bank CEO bites the bullet to replace the core.  With so many other bullets that bankers are dodging these days, I don’t expect I’ll get many calls.

Art GillisPresidentComputer Based Solutions, Inc.

HP and EDS - Is it a Win-Win? I Predict a Lose-Lose

June 6, 2008

Analysis of:HP to Acquire EDS for $13.9 Billion | www.hp.com

My experience with EDS goes back to 1962, not because it was day one for EDS, but instead, to tell you how bad I am at predicting success stories.  What I’m good at is predicting failures. 

Art GillisPresidentComputer Based Solutions, Inc.

If You’re Not Happy With Your Bank’s Core System, There are 101 Solutions Offered by 32 Vendors Who Would Love to Talk to You, Maybe

May 19, 2008

Analysis of:High Five for Fiserv | online.barrons.com

First, a few definitions for the sake of context clarity  -  A “solution” is any brand name system offered as an in-house system or outsource service, and driven by the owner of the system, or a third party.The group of 32 vendors includes any company that has customers that rely on that company to keep their core system running, but all 32 vendors may not be in the business of selling their system to the entire U.S. population of Finical Institutions (FIs).  Thus the reason for the “maybe” in the title.  The distinction of selling core systems to any FI in the world applies to about a dozen companies.

Howard BruckChief Information OfficerHUDSON VALLEY BANK

Desktop virtualization as no-brainer, nearly there

May 13, 2008

Analysis of:Desktop Virtualization Drives Security, Not Just Dollar Savings | www.informationweek.com

Desktop virtualization has always been an enticing proposition, but it was never able to overcome the practical limitations, and more importantly never gained acceptance from the user base.  However, the proliferation and acceptance of browser based applications, proliferation of high capacity networks; improved technology, concerns for security, and the need for cost efficiencies will ultimately lead to wide-spread acceptance and massive deployments.

Art GillisPresidentComputer Based Solutions, Inc.

There are Fewer Bank Tech Companies but More Solutions in the Marketplace

April 14, 2008

Analysis of:The FutureNow List | www.americanbanker.com

In 2001 there were 165 companies selling 223 solutions to banks, thrifts and credit unions.Today there are 71 companies selling 306 solutions. That’s 57% fewer companies; 37% more solutions.During the past seven years there were a total of 162 mergers and acquisitions in the account processing sector of banking technology.

Art GillisPresidentComputer Based Solutions, Inc.

Congratulations to all who were in the bank tech world in 1985, and are still here to remember

March 25, 2008

Analysis of:Jack Henry Banking(TM) Expands Client Relationships With Cross Sales of ArgoKeys(R) Branch Sales Automation Platform | www.earthtimes.org

My bookcase contains 22 past editions of Automation in Banking.  The 23rd is still in the oven.  The 22 are dog-eared because I have had to refer to them many times to answer questions from very intelligent readers who had a need to know.  Last week I read the 1985 Edition, and here are some highlights that got my attention:

Art GillisPresidentComputer Based Solutions, Inc.

Consolidation - Predictable for banks, Anything goes for tech vendors

March 14, 2008

Analysis of:Fiserv to integrate CheckFree, Interactive Technologies | atmmarketplace.com

It’s numbers crunching season again for me, and my outlook has been confirmed as if a combined team of Big Four auditors ripped through my databases looking for errors, omissions and even fraudulent opinions.The financial institutions landscape:The number of banks, thrifts and credit unions continues to contract at the consistent average annual rate of 3.44% (2.4% to 7.7% for the past 18 years).  I didn’t round it; it’s the real math, and the real numbers as reported by Highline Financial. So if you want to use a pretty good figure to project the next ten years, may I suggest 3%?  Don’t ask me why it’s 3%.  Ask Alan and Ben.  That part of the consolidation scene is as predictable as reading ads about bank CD offerings in your local newspaper.  No matter where the dart lands, the answer will be the same.  In 2008, 3% of all FIs will accept the fact that they are going to throw in the towel.  On December 31, 2008 we’ll know the 506 by name.

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