GLG News by Core Banking Processing Solutions Evaluators and Purchasers

Art GillisPresidentComputer Based Solutions, Inc.

Signs of entrepreneurship are appearing in the bank tech world

October 10, 2007

Analysis of:Diebold Releases Innovative ATM Depository Technology | www.bobsguide.com

Bank Technology has seen an expansion in new technology that has been built on old technology. It is not just the bigger organizations but the smaller entrepreneurs that are in the running.

Art GillisPresidentComputer Based Solutions, Inc.

With Three Months Left to Score Some Big Sales, Will Bank Tech Vendors Have a Banner 2007?

October 3, 2007

Analysis of:Grupo Santander Selects Microsoft Technology for Its Enterprise Payments Infrastructure | money.cnn.com

I don’t think so. And here are the reasons

Howard BruckChief Information OfficerHUDSON VALLEY BANK

Big Long Term Impact of Virtualiztion

October 2, 2007

Analysis of:Survey: Most IT Departments Use Virtualization | www.cio.com

The most recent round of virtualization technology has been highlighted by the dynamic emergence of VMware as one of the hottest products around. Of course virtualization has been around a long time both on the mainframe (IBM) and the desktop (Citrix). But why has this latest round of products grabbed so much attention and what are the short and long term implications?

Art GillisPresidentComputer Based Solutions, Inc.

When David and Goliath come to terms, one wonders what the sub-Goliaths were doing

September 11, 2007

Analysis of:ACI and IBM Collaborate to Support Core Payment Systems Refresh | www.tmcnet.com

With ACI and IBM in collaboration, what will happen to the sub sector competitors.

Howard BruckChief Information OfficerHUDSON VALLEY BANK

Bank Technology Providers Consolidation: Of Course This Will Continue

September 4, 2007

Analysis of:Mergers: Conflicts Becoming A Core Reality | www.banktechnews.com

The big will continue to get bigger; there is very little doubt about that trend continuing. The question will be who does it better? Financial institutions prefer to buy technology from large established providers. The SOX requirements to demonstrate a significant effort on vendor management drives these financial services firms to reduce the number of providers they do business with. Two questions arise from this trend. Firstly, who will be the winners that make smart acquisitions, integrate the products, realize cost savings, and gain overall market dominance? Secondly, who will be acquired, and at what premium over current market value?

Art GillisPresidentComputer Based Solutions, Inc.

The Impact of M&A Among Bank Tech Companies

August 23, 2007

Analysis of:Paperless Chase:Fiserv Agrees To Buy CheckFree | online.wsj.com

The current consolidation of bank tech companies is not a new occurrence and will certainly remain a necessary business move if bank tech vendors want to compete in the future market.

Art GillisPresidentComputer Based Solutions, Inc.

The price of an acquisition is only part of the algorithm. Value is more important.

August 6, 2007

Analysis of:Fiserv Buys CheckFree for $4.4 Billion | biz.yahoo.com

- The price of an acquisition is only part of the algorithm. Value is more important.
- The bargains have all but disappeared, and it is now a seller’s market. One pays the going price to keep the growth momentum going
- Fiserv is a long term player with a value-add factor applied to every acquisition we make. This investment will look like a bargain some day

Art GillisPresidentComputer Based Solutions, Inc.

Large bank core conversions in the U.S. - Lottsa talk, little action

July 31, 2007

Analysis of:Fidelity National 2nd-qtr profit falls | www.reuters.com

Large bank core conversions in the U.S. - Lottsa talk, little action • Even though large banks realize their legacy systems are old and tired, they don’t have options that are risk-free. • The bank tech vendors with advanced architecture are big internationally (i-flex solutions, Infosys and TEMENOS), but they don’t have a single large U.S. bank using their complete core system.

Jon BisknerAVP of Information TechnologyNICOLET NATIONAL BANK

Not So Fast on the Job's Revenge....

June 28, 2007

Analysis of:iPhone: Jobs's Revenge | www.businessweek.com

I would say the author has made a huge leap of faith believing others will not respond to the most recent release of the iPhone.  I definitely subscribe to the argument set forth with regards to the Ipod, but this was in relatively new space not an existing market. The market for smart phones has been around since the early 2000's and many organizations have a stake in the market.  Smart phones successes can be measured in its ability integrate to business networks. 

Todd AntonelliFounder and PresidentAntonelli LLC

To Outsource or Not To Outsource...Insurance Providers Are No Exception

May 30, 2007

Analysis of:Insurance Outsourcing Focuses on India | www.insurancejournal.com

Insurers unlike other industries have had profitability to mask their cost inefficiencies.  I have yet to get an immediate answer of (CFO, CHRO, CTO)'s of large insurers or integrated financial services companies to the question what is the cost of their function.  Forget for a minute they are support functions to the businesses they lead.  Core to the outsoursing question is understanding the true cost to serve and then where and if can it be done better. These functional leaders need to understand the cost to serve of their entire function, their core processes within their functions and then finally prepare a business case for what should be done internally that is core to their business and what could be done externally to the extent it is both cost efficient and cost effective.

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