Conversion race

Article Abstract:

Mergers and acquisitions pose risks and problems for banks in terms of system conversion. Despite the optimism of industry analysts and technology experts, the issue of systems integration remains a potential threat. Wells Fargo & Co., for example, experienced difficulties in its integration of First Interstate Bancorp. Acquisitive banks have the tendency to standardize on older systems architectures rather than upgrading the merged technology infrastructure. Merger transactions can result in systems integration delays as exemplified by NationsBank Corp and Barnett Banks Inc. Banks are also facing the Year 2000 software conversion dilemma. The millennium bug adds to the complexity of system conversion. Despite technological innovations and the changing structure of banks, systems integration will remain a management concern for the industry.

Computer Systems NEC, Bank mergers, Computer systems, Systems integration, Computer systems integration

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Data mining's hidden dangers

Article Abstract:

Data mining is increasingly being used in various aspects of banking. Banking institutions are relying on data mining techniques to examine large amounts of complex information and gain insights into customer behavior. Such banking operations as marketing, asset/liability management and credit approval are being enhanced with the aid of data mining methods. However, bank managers must be aware of the potential risks of data mining. Delays in project implementation are common when data mining tools are not used properly. These project-related problems can result to loss of people and resources and affect customer relationships in the process. Managers must analyze various data mining software tools before choosing a specific approach. Also, bank data mining projects are most effective when handled by the marketing department.

Data Processing Mgmt NEC, Data processing, Information storage and retrieval, Electronic data processing

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Imaging's big challenge

Article Abstract:

Numerous attempts to install so-called proof-of-deposit imaging systems at most large banks since roughly 1989 failed dismally and resulted in multimillion dollar losses. The biggest banking industry players continue to shun such systems. Although imaging technology can streamline proof-of-deposit operations, its use is being limited mostly to small banks. This is because the shift to image-based proof-of-deposit functions entails broadbased adjustments in work processes and an intensive use of workflow software which automates previously manually-managed procedures. The larger the bank, the more difficult it is to automate all the different manual steps developed through the years to accomplish critical though minor functions.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Usage, Banks (Finance), Imaging systems, Transaction systems (Computer systems), Check collection systems

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