Standards for Excellence
Information Technology Resource for the Banking Industry
Your online resource on information technology solutions for banks and financial institutions. About IT trends, strategies and buyer's guide to banking technologies.
The competitive advantage of banks and financial institutions will rely heavily on the capability of technology to implement business processes, manage risks and provide excellent customer service.
Web services and grid computing are emerging IT trends to watch.
Radio frequency identification, or RFID, will help improve client services and reduce credit card fraud.
Cost is a concern when investing in IT hardware and software. As part of their cost strategy, banks are implementing business process outsourcing (e.g. outsourcing data centers).
Banking Technology Software & Solutions
Guide to banking software and top rated vendors.
Current Issues Affecting the Banking Industry
Check 21 Act is designed to foster innovation in the payments system and to enhance its efficiency by reducing some of the legal impediments to check truncation.
Phishing or identity theft is an Internet fraud affecting electronic transaction security. It is a major concern for the banking and financial industry. The purpose of phishing is to get details of a person's financial account (e.g. credit card) which can then be used illegally.
Straight Through Processing (STP) enables banks to automate settlement activities which in turn improves operational efficiency and better manage trade related risks.
Philippine Banking Industry
Top 10 Global Banks
The Banker Technology Awards 2004
Summary of award winning IT vendors for the banking industry as chosen by The Banker.
The Cost of Downtime - In the banking and financial industry, systems must be available almost every second. Systems downtime will cost a bank plenty in lost revenues and damaged reputation.
Integration of globally distributed application systems
eBusiness platforms that can process high volumes of transactions
Consolidation of IT infrastructure into one location
Application standards to reduce need for additional hardware and software
Shorten time to develop new applications
Improve ability to distribute information
Reduce cost of system support and maintenance
Systems that can perform under heavy network traffic
Long term revenue growth
Focus on the customer