JP Morgan Chase to boost Treasury services

Mon, 28 Apr 2008 06:59:58 -0400

JP Morgan Chase intends to enhance its Treasury services business line with a $30 million investment in technology. The need for a state-of-the-art platform, one that can scale to support business around the world, speaks volumes about the bank's intentions in the market. It aims to be a global power. It also speaks to the need for a technology advantage. JP Morgan Chase has selected Temenos, a Geneva-based vendor of banking software systems, notes Financial News Online. Temenos is known for its T24 platform, which obviously impressed JP Morgan. Apparently, the new contract replaces an old one with an unknown vendor, which likely is licking its wounds. It's nice to see this sort of IT investment, even at a tough time. The terms would be interesting.

For more:
- here's the Financial News Online article

ALSO NOTED: Are you ready for voice biometrics for online banking; and much more...

Mon, 21 Apr 2008 06:59:50 -0400

Company News:
> Thomson Reuters ramps up at a tough time. Article
> BATS vs. NYSE on fees. Article
> Sales to financial services powers IBM's 1Q results. Article
> Bidders lining up for Dell Financial Services. Article

Industry News:
> Massive growth in electronic bond trading. Article
> Are you ready for voice biometrics for online banking? Article
> Sellside's server refresh rate accelerates. Article
> In Europe, credit crisis hits financial services IT vendors hard. Article

And Finally... Are Segways a good bank marketing tool? Item