U.S. Bancorp, a $21 billion-asset holding company in Portland, Ore., has chosen an asset-liability management system developed by Software Alliance Corp. and Risk Management Technologies.
Great Western Bank, the $38.4 billion-asset thrift based in Chatsworth, Calif, will also install the asset-liability system.
By using this system, a bank can increase its overall return on assets by a minimum of five basis points, according to Risk Management.
U.S. Bancorp will be using the product to conduct three types of analysis: to examine the expected cash flows of currently booked accounts; to calculate the incremental effects of new business and other strategies on the institution and its future; and to reveal the likely distribution of expected returns using techniques such as Monte Carlo simulation. For example, U.S. Bancorp will use the software to assess the future cost and profit of products. For mortgage loans, the system will let analysts design hedging strategies to offset risk associated with potential changes in interest rates.
U.S. Bancorp manages nine banking organizations in the Pacific Northwest and British Columbia.
Software Alliance Corp. formed a partnership with Risk Management Technologies earlier in the year to market the Radar asset-liability management system. Both companies have headquarters in Berkeley, Calif.
Bank in Pakistan
Soneri Bank Ltd., of Karachi, Pakistan, signed a five-year agreement for software and services with Systematics Financial Services Inc., Little Rock, Ark. The bank will license Systematics' wholesale banking software, including foreign exchange and primary money market investment systems.
The bank is Systematics' first client in Pakistan.
A Bank in Macao
Systematics Financial Services Inc., signed a five-year agreement to provide wholesale investment banking software for Banco Nacional Ultramarino SA in Macao, a branch of Banco Nacional Ultramarino of Portugal, which lists assets of $6 billion.
Little Rock, Ark-based Systematics will provide investment banking software, including systems to process foreign exchange, money market, and trade finance operations.
In another contract, Dao-Heng Bank of Hong Kong signed a long-term agreement with Systematics for retail banking software and services. Dao Heng is one of the largest local banks in Hong Kong with 88 branches.
The bank will replace its current system and modernize branch procedures to offer more services to its domestic and foreign customers.
New York Thrift
Signs with Bisys
Ridgewood (N.Y.) Savings Bank signed a multiyear outsourcing contract with Bisys Inc.
Ridgewood, a $1.7 billion-asset institution with a 14-branch network, wanted to update its deposit accounting and mortgage origination systems. The conversion is scheduled to begin by the end of the year.
Bisys is a subsidiary of the Bisys Group Inc., which is based in Little Falls, N.J.
At L.A. Data Center
Systematics Financial Services Inc. will offer its Horizon financial processing software, which is geared toward community banks, to customers of its Los Angeles data center. The data center was previously owned by City National Bank of Beverly Hills. The Horizon software runs on the IBM AS/400 platform.
Kirchman Corp. signed a development agreement to run its integrated banking software on Tandem Computers Inc.'s computing platform.
Kirchman Corp. sells software primarily to the community and regional banking segments of the market. Tandem's computers are installed, particularly in larger banks, for on-line transaction processing applications such as ATMs, point of sale, and wire transfers.
Shipments are scheduled to start in summer 1994, initially in the United States, Canada, United Kingdom, and Australia.
Tandem, which is headquartered in Cupertino, Calif., established a special business unit in Kirchman's home base of Orlando to support the agreement.
First Banks of Mo.
Using PC System
First Banks Inc., Creve Coeur, Mo., is consolidating its lending operations with a personal computer-based system by Formation Technologies Inc. The system automates the entire loan process, including credit application, document preparation, reporting, tracking, compliance, and booking of loans to the core banking systems.
First Banks began overhauling its technology operations in 1991 to accommodate growth fueled by mergers and acquisitions. With current assets over $2 billion, the bank predicts assets will reach $5 billion within five years.
Using the new PC-based system, the bank will be able to transmit loan files over its existing telecommunications network by using its International Business Machines Corp. AS/400. Usually banks build a separate communications network to support such PC-based applications. However, First Banks will move the data through the AS/400. then out to the branches.
Formation and Brookfield, Wis.-based Fiserv Inc., which is providing First Bank's core banking system, are developing interfaces and software enhancements to allow the electronic delivery of credit files to the loan software system.
Currently, each of First Banks' 82 branches throughout Missouri and Illinois use stand-alone loan systems.
When the system goes live, the branches will complete about 75% of the required loan application documentation on PCs. The documentation will then be electronically sent to First Banks' central loan processing facility in St. Louis, which will complete the documentation and approve and book the loan.
First Banks has already begun installing the system and will have all branches on-line by the end of the year.
Goldleaf Signs Up
Goldleaf Technologies Inc. has signed a software licensing agreement with its 500th customer, First Savings Bank in Arlington, Tex.
With $95 million of assets, First Savings is using Goldleaf's products to provide automated clearing house origination services to clients. Bank executives report that a CPA firm, a florist, and a catalog sales company are currently using the service.
Goldleaf Technologies is based in Hahirah, Ga.
S&L Data Inks Deal
For GTE Network
Savings and Loan Data Corp., Cincinnati, has awarded GTE Spacenet Corp. a multiyear contract for GTE's Skystar Plus satellite-based telecommunications network.
GTE Spacenet is based in Maclean, Va.
The Skystar Plus network will allow S&L Data to offer data processing services to more than 200 customers. The network hub will be located at S&L Data's headquarters and Very Small Aperture Terminals will be placed at all customer locations throughout an 18-state region in the Midwest. The network will be provided by a satellite operated by GTE Spacenet.
NCR, Gasper Corp.
In Joint Effort
NCR Corp. is teaming up with Gasper Corp. to jointly market software for self-service terminals.
The newest generation of NCR terminals can create messages that are more descriptive and predictive than those in previous systems. For example, Gasper has a monitoring system that automatically dispatches service teams to terminals.
Both companies have headquarters in Dayton, Ohio.
Its NCR System
Fidelity Investments has invested $3.9 million to expand its existing NCR Corp. DBC/ 1012 decision support system.
The DBC/1012 system supports Fidelity's direct marketing programs by helping to tailor marketing communications for target customers.
Fidelity first invested in the technology last year. Its success with the system led it to expand this year. The upgrade of the existing DBC/1012 brings the system to 64 processors with over 600 gigabytes of data storage.
Bank in Singapore
United Overseas Bank has signed a five-year agreement for software and services with Systematics Financial Services Inc. United Overseas has headquarters in Singapore.
The Little Rock, Ark.-based vendor will provide banking software for loan processing, management information reporting, and other applications.