GLG News by Core Banking Processing Solutions Evaluators and Purchasers

Art GillisPresidentComputer Based Solutions, Inc.

If I were the CFO of a bank tech services company, I would.......

February 28, 2008

Analysis of:Collaboration Is Job One | www.banktech.com

You can fill in the rest of that title statement as you see fit.  The reason I am writing this analysis is because clear-thinking investment analysts believe that when banks are in trouble, they will cut back on tech spending, among other expenses.  That’s a logical position to take, at least on the surface, but there’s more to this issue than a surface look, and I’d like to explain the details.This is how I would complete the title statement.  .........do the following three things.

Art GillisPresidentComputer Based Solutions, Inc.

So you’d like to see some changes in banking, eh?

February 13, 2008

Analysis of:CORILLIAN AND STRIKEFORCE PARTNER TO FIGHT FRAUD BY STRENGTHENING ONLINE AUTHENTICATION FOR FINANCIAL INSTITUTIONS | www.windowsfs.com

Two years ago, I saw a list of opinions regarding his/her/their “own grandiose challenge to the industry.”  In my opinion, it was more like an in-your-dreams list, so I saved it to see if a couple of years would produce any kind of change close to the dream.  The short answer is, it would take decades or fuggetaboutit.  Here’s the score card:

Art GillisPresidentComputer Based Solutions, Inc.

The sky might be falling, but IT companies are protected

February 5, 2008

Analysis of:Acopia Capital Group Utilizes OpenClose as Backbone for New Company | www.businesswire.com

Three conditions affecting the banking business seem quite real and have already become visible in the form of poor earnings reports from the giants  -  losses in investment banking, the credit crunch and subprime mortgages.  So it’s natural to look to the left and right for other industries that might be affected.  Of course, IT is a likely candidate for losses because as bank profitability goes, so goes IT investment.  Maybe.

Art GillisPresidentComputer Based Solutions, Inc.

2008 - The Year of the Sales Rep

January 17, 2008

Analysis of:IBM Wins Series Of Bank Technology Deals | www.informationweek.com

 have completed 154 consultations for 67 investment firms in the past two years.  The analysts asked a lot of good questions, and none that I didn’t expect, about the performance of bank tech companies.  However, no one ever asked me about the competence of the sales force.  Not one  -  nada, nyet, rien, niente, keine, tipote.  So I feel the need to speak out about the condition of the bank tech vendor community.  Most of it is good.

Art GillisPresidentComputer Based Solutions, Inc.

Year-End: Joys, Ho-Hums, A Pause that Refreshes Some and Disappoints Others, An Overnight Credit Crunch and Mortgage Disaster, One Big Acquisition, A Few Surprises, and A Whole Lotta FUD

January 7, 2008

Analysis of:Purchase positions Fiserv tops in tech | www.jsonline.com

In my view, 2007 was not a Boston-Sports-Teams year for the banktech business.  There were some losers in our arena, as well as lots of worries;  a large number of lower stock prices for banks and techs;  a ninth inning attitude among bankers who achieved a good-enough system to get the job done, and then took a rest;  certainly nothing new and exciting showed up to compete with the likes of Apple Computer.  But one has to recognize the good things.  For example,  U.S. banking transactions got posted accurately and on time during 4,308,198 posting runs in 2007.  Presumably 112 million households were pleased with the processing of their accounts.  And I believe business customers got the same accuracy and timeliness.  The press had far more compelling events to write about than to look for banking glitches.  I was interviewed for only two failures in 2007 and both were ATM related, and both were corrected within 24 hours.

Art GillisPresidentComputer Based Solutions, Inc.

Timing Isn’t Everything, It Just Separates The Winners From The Losers

December 31, 2007

Analysis of:Oracle Hangs a Solid Q2 on a Thick Neck | www.eweek.com

Domestic core system vendors vs. International core system vendors.  Every week I read about a new sale made by either i-flex solutions, TEMENOS, Infosys, Misys, or Tata Consultancy, and they are mostly significant sales.  But their marketplace is not the U.S.  There’s a more active market out there called “the rest of the world.”   While this robust new business activity is taking place, U.S. vendors are still looking for the passport office.

Art GillisPresidentComputer Based Solutions, Inc.

Banks do it, home builders do it, automakers do it, consultants do it, and now, even bank tech vendors might lay off employees for the first time in history

November 26, 2007

Analysis of:IT jobs may go overseas | business.smh.com.au

As if there isn’t enough bad news about the economy, here I am adding to the heap before it even happens. As much as I don’t like bad news, what’s worse is bad news that comes as a surprise. So be prepared. Just follow the facts, and then draw your own conclusions. We may see the bank tech sector face similar job cuts.

Art GillisPresidentComputer Based Solutions, Inc.

Big bank vs. small bank - Which one has the best technology?

November 14, 2007

Analysis of:Heed the Call of Web 2.0 | www.banktech.com

Once again, I first must confess to a bias before making this case. “Big” by itself has never impressed me. “Big and capable” is another matter. So when I tell you that small banks have better technology than the giants, I’m ready to defend my statement with facts. I believe that there is better technology within smaller banks.

Art GillisPresidentComputer Based Solutions, Inc.

Metavante has a pile of cash now, but does it have a list of good acquisition candidates?

November 7, 2007

Analysis of:Marshall & Ilsley Corporation and Metavante Technologies, Inc. Announce Completion of Separation | money.cnn.com

With excess cash from the seperation, what are the possible acquisition opportunities for Metavante.

Art GillisPresidentComputer Based Solutions, Inc.

Bank IT spending continues to increase in spite of lower bank earnings reports

October 19, 2007

Analysis of:Will BofA Retreat From Investment Banking? | dealbook.blogs.nytimes.com

With many big banks such as BoA, Wachovia and Citigroup reporting record breaking losses in the 3Q, there shouldn't be any less spending for new bank technology in the future. We may see consolidation of banking & trading divisions, but technology will come to the forefront in spending from banks.

Previous Page : 1234567Next31 to 40 of 69