GLG News by Core Banking Processing Solutions Evaluators and Purchasers

Art GillisPresidentComputer Based Solutions, Inc.

M&A Activity - The Key to Survival for Bank Tech Companies

February 21, 2007

Analysis of:Are U.S. Banks Finally Ready to Convert Core? | www.americanbanker.com

- to stay competitive, banks will require upgrades in core bank software platforms

- how will bank tech companies fare as banks consider upgrades of legacy systems versus replacements

Art GillisPresidentComputer Based Solutions, Inc.

Bank Tech Vendors are Reactionaries

February 16, 2007

Analysis of:Top Trends Impacting Bank Technology for 2007 | www.bankersonline.com

More appropriate Bank Tech considerations for 2007:
- not optimistic about bank tech growth
- consider main growth driver for bank tech to be weak in-place technology
- skeptical on vendor consolidation causing growth
- slow to adopt new technology

Art GillisPresidentComputer Based Solutions, Inc.

2007 Bank Tech Outlook

February 6, 2007

Analysis of:Financial Firms Use Software Tools to Reduce Risk, Comply with New Regulation | www.banktech.com

2007 Technology, the year of the bittersweet. Bitter for vendors, sweet for financial institutions.

• Tech vendors will have a tough time finding new things to sell.

• Large banks will still be the big spenders because “big technology” is never finished, and it gets more complex every year.

• Banking applications won’t change much, but new resources (Internet, wireless, capture hardware, superpower processors, store-it-all devices and business intelligence tools) will continue to make old apps better.

• Electronic bill presentment and payments will move slowly as banks reorient their standalone situation to fit the external environment of multiple standards-du-jour.

 

 

Todd AntonelliFounder and PresidentAntonelli LLC

Comdata's Master Brand Strategy Will Be The Defining Moment As A Growth Engine for Ceridian

October 25, 2006

Analysis of:COMDATA TO COMBINE BUSINESS UNITS INTO A SINGLE BRAND | www.cardforum.com

Comdata can grow quickly with its new master brand strategy by building/ leveraging its brand on a foundation based upon Comdata's customer performance, global/ local presence and its personality or customer experience.  Doing so will allow for innovative strategies for growth through focus or diversification.

It is to early to tell where Comdata is going with their campaign.  To be caught in the middle of focus or diversification can cause for poor results for Comdata, its customers and Ceridian.

Todd AntonelliFounder and PresidentAntonelli LLC

Management Buy-Out Likely of RR Donnelley

August 23, 2006

Analysis of:Firms eye takeover of R.R. Donnelley | www.marketwatch.com

This article is merely an announcement.  It doesn't address the importance or the upcoming advantages of a management buyout vs. a $3billion share repurchase which is the other option under consideration.

Even though S&P lowered its Outlook rating to negative it maintains its A- score.  Despite the recent press it is clear sitting here in Chicago that RR Donnelley will increase its already heavy debt load with a management buyout.

Stockholders should be pleased with the possibility of upcoming stock price appreciation from this potential leveraged buy out. 

Longer term investors then are banking on management having more skin in the game of leading the largest printing company here in the US.

Todd AntonelliFounder and PresidentAntonelli LLC

We Will See A SIgnificant Upsurge In 401(k) Type Plans

August 21, 2006

Analysis of:Pension reform could create millions of new savers | www.marketwatch.com

What is not mentioned in the article is that underfunded companies from a pension related retirment benefit perspective must now have their plans funded completely within seven years.

Individuals may now be able to boost their pretax savings into IRAs

Employers that have defined contribution plans must now automatically enroll workers into their Profit Sharing 401(k) plans.  Employees will also be able to contribute more to savings in this manner.

This all bodes well for mutual fund companies as regulations are now in place to encourage retirement plan savings and the companies necessary to manage income on a mutual fund basis that these plans will have will increase in assets under management.

As the trend continues in big industry we will see more and more companies converting from defined benefit to defined contribution plans of the 401k nature to help push the accountability of savings for retirment back to the individual.

 

Todd AntonelliFounder and PresidentAntonelli LLC

Wachovia Faces Major Operational Challenges In Transforming to A True Commercial Banking Model

July 26, 2006

Analysis of:Mortgage slowdown hits GoldenWest | biz.yahoo.com

Wachovia's acquisition of Golden Wests locations in California will present an operational challenge in transforming from a tradional thrift operation to a true commercial bank.

Wallstreet has discounted Wachovias shares in this regard, but with a solid transition plan and a clear statement of direction in these lucrative locations, Wachovia may pull of this transaction.

The presenting problem is the portfolio of option ARM mortgages that represent the current focus of the Golden West locations.

Todd AntonelliFounder and PresidentAntonelli LLC

Realtime Access to Personal Earned Income Will Spark Increase In Consumer Spending

July 19, 2006

Analysis of:Instant Issuance Builds Momentum, Looks to RFID, Prepaid, Credit | www.digitaltransactions.net

The underlying theme of direct access to debit funds through debit card issuance will have an immediate and direct impact the banks that issue such choices.

Consumer spending should see an increase as people or more quickly able to spend.

Consumer lending insitutions should see a corresponding rejuvenation in the health of their balance sheets as debit cards increase and credit card allocations are brought more in line with credit report analyses on an individual basis.

Todd AntonelliFounder and PresidentAntonelli LLC

Life Settlement Market Analysis and Impacts

July 5, 2006

Analysis of:Cantor Eyes Life Settlement Exchange | www.iddmagazine.com

A creation of this exchange could impact policyholders in the Life Settlements market, beneficiaries of life insurance policies, financial advisors, insuranceregulators, and the future of the Life Settlements industry.

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