Not every innovation in finance is an instrument or a portfolio management tool. Sometimes what seems a change in speed is really fundamental change. NationsBank, for instance, is currently building an intraday cash management tool that allows both itself and customers to micro-manage their accounts.

NationsBank svp for global payments Jay Butler is building an internal, Intranet-based system for wire transfers that the bank is simultaneously offering its clients under the name Real Time Wire.

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