Technology is supposed to help businesses accomplish more in less time, still many a financial services merger or alliance has been bogged down in months of work just to get back-end systems to talk to each other.

Executives from about 30 top financial services firms are scheduled to meet this morning at Citigroup's corporate auditorium in New York to consider establishing a standards-setting organization that would craft voluntary guidelines for basic back-office technologies: check processing, call center and transfer agent operations, claims processing, and the like.

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