GLG News by Core Banking Processing Solutions Evaluators and Purchasers

- Analysis of “Automation in Banking” 2007 Edition key points - Corporate change among bank tech vendors - Mergers and acquisitions in core bank processing

Intuit's recent purchase of Digital Insight, immediately made them a player in the online banking vendor space.In this fast growing area, there are about a dozen significant competitors, without clear leaders.For online banking services, large corporates are served by the major banks like...

- Banks are still spending to improve their technology, but bank tech vendors are not getting their share of that spending.- Expect Bank Tech vendors will expand to other vertical industries. Mergers within the top ten are quite likely, but organic growth and consolidation of like companies outside...

BBVA (Banco Bilbao Vizcaya Argentaria SA, NYS:BBV), the second largest Spanish bank, moved to bulk up its U.S. operations with a $9.6 billion deal to buy Compass Bancshares Inc(NMS:CBSS). This deal is BBVA's largest purchase in the Americas. Other international banks have been buying up US banks on...

- to stay competitive, banks will require upgrades in core bank software platforms - how will bank tech companies fare as banks consider upgrades of legacy systems versus replacements

This article claims that an innovation explosion will occur in 2007 producing "a banner year for technology installations that help innovative banks leverage new technologies to better serve customers, increase employee productivity and enhance profitability." This list of Top 10 includes: Webolution,...

Responding to rising mortgage delinquencies and foreclosures, S & P announced that it will now alert bond investors before foreclosures occur. This new alert trigger is an attempt to provide an earlier warning of losses on mortgage-backed bonds that consist of the highest yielding but riskiest mortgages....

More appropriate Bank Tech considerations for 2007: - not optimistic about bank tech growth - consider main growth driver for bank tech to be weak in-place technology- skeptical on vendor consolidation causing growth- slow to adopt new technology

CheckFree Corp., an eCommerce, payments, and investment services processor, said on Wednesday that it will buy Corillian Corp. for $245 million. This is CheckFree's second acquisition in six weeks (for Carreker Corp.). Corillian adds an online banking software platform to its banking industry solution...

The new Congress appears ready to shine a brighter light on mortgage lending practices that some characterize as "predatory lending." In spite of rapidly rising home values over the past five years, the presence of historically low interest rates has allowed homeownership rates to expand to record...