Bank technology

The Brookfield, Wis., technology company took steps this past year to bolster capabilities in mobile banking as well as mobile and online person-to-person payments, products that generate a lot of fanfare but have yet to result in significant financial gains for most banks.

Tata Consultancy Services is on a mission to help banks grow again. That's a turn around from just a couple of years ago, when the company earned its bread and butter helping banks digest the many mergers and acquisitions that they undertook or that were thrust upon them during the financial crisis.

SunGard Data Systems has its work cut out in trying to get banks to spend on information technology again.

Ask NCR Corp.'s chief executive Bill Nuti what his company's biggest accomplishment in the past 12 months was, he'll tell you Scalable Deposit Module.

Diebold is making subtle, but big, moves in its technology and business. It's concentrating on the wires and networks, the guts that make ATMs work.

Despite challenges, 2010 wasn't all bad for LPS. For the year the company posted net earnings of $302.3 million — up 9.6% from 2009 — off total revenue of $2.5 billion, up 3.6%.

Despite First Data's size and diversity — it handles payments for six million merchant locations and several thousand credit card issuers, its STAR network runs 20% of PIN debit transactions, it provides payroll processing and check verification.

Nomura Research Institute's cloud-based Internet banking service has drawn only a handful of tire-kickers in its first few weeks, but executives of the outsourcer and consultant say they're confident the service will have plenty of takers.

Wema Bank is not high on the international banking radar. But the Nigerian bank's hiring of Infosys this summer to develop a brand new multichannel information technology infrastructure to enable faster product delivery, digital banking and transaction consistency is the perfect example of how the tech company is digging deep into its entire tech bench to weather a tough market.

The authors write that they see a level of comfort with moving applications like email and CRM into the public cloud while maintaining critical data in the watchful eye of the private cloud.

In payments, value depends heavily on the number of participants in a network.

Bank risk-technology spending across credit, market, and operational risk domains, with just a few exceptions, is forecasted to be between $54 billion and $60 billion in calendar year 2011.

Top 100 Companies in FinTechPublished October 12, 2011

Top 25 Enterprise Companies in FinTechPublished October 12, 2011

These companies made large jumps up or down in our FinTech rankings in 2011. We provide clues as to why.

These companies made large jumps up or down in our rankings in 2011. We provide clues as to why.

No matter how rewarding a credit card is, redeeming points is typically a clunky processs. To date, the lone island of simplicity in this sea of confusion has been with JPMorgan Chase and American Express, which allow cardholders to use points as easily as dollars when shopping on Amazon.com. Now, Discover is joining the movement.

At the BAI Retail Delivery Conference, executives at Extraco Banks in Temple, Texas share how using cash recyclers, modern teller software, check imaging and "intelligent" ATMs is improving customer service and branch efficiency.