GLG News by Core Bank Processing Experts

Three conditions affecting the banking business seem quite real and have already become visible in the form of poor earnings reports from the giants  -  losses in investment banking, the credit crunch and subprime mortgages.  So it’s natural to look to the left and right for other industries...

Virtualization will help reduce the strain put on Data Centers by reducing power, air condition and space requirements.   What impact will it have on hardware producers as hardware becomes software?

Virtualization is here; Squeamish brokers only control short term markets; VMware has strong and stable product offerings.

Write-downs for high-risk, high-yield corporate debt, known as "junk", could dwarf losses in the mortgage mess. History repeats itself again and again. Bottom is not here, coming in the next year or two.

While many companies and investors are planning on what to do with cheaper money due to the rate cuts, one of the implications has been that a rate cut will help re-start the mortgage industry engine. Yes, originators will get some new refi's completed and earn some fee income, and there will be a few...

The article fails to acknowledge that banks and credit unions have been generally unsuccessful in their attempts to establish relationships with the unbanked.  It does, however, call attention to two generally unrecognized truths:  productive use of financial services is the gateway to...

The recent article by Bill Clinton and Arnold Schwarzenegger outlining a new financial services initiative in California should be welcome news to the millions of workers using payday services.  As the traditional middle class is breaking apart and their vulnerabilties have been exposed in...

In her "Five Trends That Will Shape The Business Process" report, Leaver and her team detail the five most significant trends in the business process and applications space for 2008. They include: Dynamic Business Applications; Web 2.0 and tech populism; software-as-a-service (SaaS); business process...

This article is illustrating finger pointing looking for a villain, instead of "post-mortem" to find a hero.  What the industry needs is a clear plan for rebuilding the subprime securitization market.  In my opinion, a great part of that will be tied to the outsourced due diligence function,...

The Economic Stimulus Act, approved today, will go along way towards its name, and stimulate the economy.  Questions of how much money, too whom, and what may have been sacrified in the cross-party negotiation will remain unanswered, but one thing is clear.  Congress has delivered a very potent...