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Software Functionality Revealed in Detail
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 banking laws


Congress Acknowledges Outdated Banking Laws
Following a previous TEC News Analysis on the security of financial transactions, Congress and the White House have agreed to put into place new legislation for

banking laws  Acknowledges Outdated Banking Laws Event Summary On October 22, the White House and Congress agreed to change outdated US banking laws. Until this agreement was reached, the White House had promised to veto the banking reform bill. Details of the compromise are reportedly not yet disclosed. The new legislation hopes to replace banking laws written during the Depression era, with up-to-date Year 2000 era banking laws Currently, FDIC policy only encourages banks to perform information security audi

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

CRM for Financial and Insurance Markets

Customer relationship management (CRM) focuses on the retention of customers by collecting data from all customer interactions with a company from all access points (by phone, mail, or Web, or in the field). The company can then use this data for specific business purposes by taking a customer-centric rather than a product-centric approach. CRM applications are front-end tools designed to facilitate the capture, consolidation, analysis, and enterprise-wide dissemination of data from existing and potential customers. This process occurs throughout the marketing, sales, and service stages, with the objective of better understanding one’s customers and anticipating their interest in an enterprise’s products or services.  

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Documents related to » banking laws

Thinking of Outsourcing Your Entire Recruitment Process? Here's What You Need to Know


As organizations get larger and expand into new markets and territories they may find it more difficult to meet their talent management needs. Outsourcing is one option, but is your organization ready to hand over its entire recruitment process to an RPO provider? TEC analyst Sherry Fox looks at some factors to consider when working with an RPO and what your company can do to reap the benefits of recruitment outsourcing.

banking laws  pharmaceutical, automotive, technology, banking/finance, and manufacturing. With the right planning, process, service delivery design, underlying technology, and RPO provider, it is possible to not only save money, but also increase efficiency and improve your organization’s recruitment processes—helping ensure business growth and success. Read More

The AS/400 Takes You Securely Where You Want to Go


This article on the built-in security features of the AS/400 system originally appeared in the Midrange Computing’s Showcase Magazine, June 2000.

banking laws  particular interest for on-line banking and payment gateways that span International networks or networks that are part of Federal Agencies. To complement the hardware encryption engine, there is a 40 bit, 56 bit, and a 128 bit encryption add-on software access provider product that can be installed in the AS/400 to enable the secure sockets layer (SSL) function. Due to export laws, the 128bit encryption add-on is available only in the U.S. and Canada. AS/400 Server SSL Add-On Encryption Modules Size of Read More

The Sarbanes-Oxley Act May Be Just the Tip of a Compliance Iceberg


The Sarbanes-Oxley Act is not the only government regulation that enterprises must comply with. Several others make it imperative that appropriate enterprise resource planning and financial management systems provide comprehensive sets of financials and analytics capabilities to ensure compliance.

banking laws  by 2009/10. Further on banking and financial institutions regulations, and coming back to the IAS framework, IAS 32 and IAS 39 in particular establish rules for the valuation of financial instruments. Again, in tune with the spirit of IFRS and IAS, accounting systems for financial instruments should enable banks to prepare IAS-compliant financial reports and create parallel financial statements based on a central data pool fed by the existing system landscape. Thus, appropriate enterprise resource Read More

Business Intelligence and Identity Recognition-IBM's Entity Analytics


IBM's Entity Analytics Solution (EAS) enables organizations to identify and connect individuals based on collected data and their associated data patterns. EAS is used primarily within governments and the financial and insurance sectors to detect and prevent fraud.

banking laws  Applications In both the banking and insurance industries, the need to identify and to track data patterns and entity relationships has become essential to detect potential fraud and money laundering activities. One example of such activities is the submission of forged mortgage applications marked as approved. Bank employees have used this technique to pocket millions of dollars by creating fake customers, changing small amounts of application data on approved forms, and pocketing the money. With the Read More

HR Compliance: 4 Things Your Company Can Do to Avoid a Lawsuit


Every so often we hear about companies being sued by their former employees for alleged unfair or illegal HR practices. Whether the claims relate to sexual harassment or inadequate compensation, one thing is for sure: they will cost your company money and may even bring about its demise. TEC analyst Sherry Fox looks at four things your company can do to establish best practices in HR and thus avoid damaging HR lawsuits.

banking laws  Compliance: 4 Things Your Company Can Do to Avoid a Lawsuit The human resources (HR) departments of most organizations today have assumed more responsibilities, not the least of which is ensuring compliance with labor and employment regulations. These include having fair employment practices, ensuring workplace safety, and maintaining up-to-date records, among many others. And those businesses operating on a global scale must not only continuously review their practices, policies, and procedures for loca Read More

Case Study: Financial Services Industry


The company is a financial services group with operations in banking, investment management and insurance. To maintain the profitability of its credit card business, the company maintains vast amounts of customer information. However, its Excel­based tools lack functionality. Learn how a business intelligence (BI) solution can help the company increase its customer base and derive greater profits from existing customers.

banking laws  group with operations in banking, investment management and insurance. To maintain the profitability of its credit card business, the company maintains vast amounts of customer information. However, its Excel­based tools lack functionality. Learn how a business intelligence (BI) solution can help the company increase its customer base and derive greater profits from existing customers. Read More

Customer-oriented Banking and Account Origination


A decline in customer loyalty has put a great deal of pressure on financial institutions of late. Thus, as banks tailor products and services to meet customer demands, they must also boost revenue. That’s why it’s essential to target your most profitable customers with real-time insight that helps you drive revenue, increase profitability, and build long-term relationships with those customers.

banking laws  oriented Banking and Account Origination A decline in customer loyalty has put a great deal of pressure on financial institutions of late. Thus, as banks tailor products and services to meet customer demands, they must also boost revenue. That’s why it’s essential to target your most profitable customers with real-time insight that helps you drive revenue, increase profitability, and build long-term relationships with those customers. Read More

Salesforce.com Offers Financial Industry Solutions


Salesforce.com announced Salesforce1 for Financial Services, with the idea to better help retail banks, wealth management companies, and insurance providers attract, connect with, and retain customers. The cloud platform leader expects significant demand for customer relationship management (CRM) solutions from private enterprises and governmental organizations.

banking laws  referral engine for retail banking to automate the process of identifying and nurturing prospective clients across every interaction with customer service reps, lenders, bank officers, and sales and marketing teams. Leads across any channel including social, mobile and Web will be captured automatically and tracked to give retail banks a single view of all prospective customers in order to build 1:1 experiences.   In addition, leveraging the aforementioned Salesforce1 Platform, independent software Read More

FlexiFinancials Suite


Flexi develops the FlexiFinancials suite of enterprise financial accounting software, which is geared primarily to the banking, insurance, and financial services industries. Flexi also provides implementation and support services for FlexiFinancials. Flexi’s accounting capabilities help companies streamline their business processes and the product’s technology allows for seamless integration with their current applications through powerful and flexible APIs using Web services or COM+. Flexi's applications provide the flexibility to operate on various database platforms including Oracle and MS SQL Server. The fully integrated enterprise resource planning (ERP) accounting suite includes modules for general ledger, accounts payable, accounts receivable, fixed assets, purchasing, and projects. Flexi products also have built-in capabilities to help address internal security regulations and external compliance issues such as Sarbanes-Oxley (SOX) and the Health Insurance Portability and Accountability Act (HIPAA).      

banking laws  geared primarily to the banking, insurance, and financial services industries. Flexi also provides implementation and support services for FlexiFinancials. Flexi’s accounting capabilities help companies streamline their business processes and the product’s technology allows for seamless integration with their current applications through powerful and flexible APIs using Web services or COM+. Flexi's applications provide the flexibility to operate on various database platforms including Oracle and MS Read More

Competuition: Teach Competition to Your Procurement Process


High-profile corporate scandal has resulted in laws such as the Sarbanes-Oxley Act, to monitor business practices. To help safeguard against unethical practices during procurement, entities are also adopting elements from the US Federal Acquisition Regulation (FAR).

banking laws  federal acquisition regulation,far part 6 far 2.101 far 6.302,competitive procurement methods process purpose benefits,halliburton no-bid contracts dick cheney,business scandal corporate scandal,negotiated procurement,two-step sealed bidding,sarbanes-oxley act,source selection fair business practices Read More

Secure Analytics: Maximizing Data Quality and Minimizing Risk for Banking and Insurance Firms


Do you use real customer profiles and statistics to drive marketing efforts, or real employee data for salary or benefit analysis? While these activities are critical to success, they can put you at risk for a data breach. But with a data security system, you can maintain the data’s original properties, while giving clearance for key business activities to proceed. Learn how to assure your sensitive data is protected.

banking laws  and Minimizing Risk for Banking and Insurance Firms Do you use real customer profiles and statistics to drive marketing efforts, or real employee data for salary or benefit analysis? While these activities are critical to success, they can put you at risk for a data breach. But with a data security system, you can maintain the data’s original properties, while giving clearance for key business activities to proceed. Learn how to assure your sensitive data is protected. Read More

Microsoft Dynamics CRM Blitzes Banks at Sibos


At the recently held premier global financial services event Sibos in Boston, Microsoft Dynamics’ customer relationship management (CRM) team shared the benefits it is delivering for banking customers such as RBS-NatWest, The Saudi Investment Bank, and others with Microsoft Dynamics CRM, which enables these companies to personalize their customer experiences and improve their operational efficiency.

banking laws  it is delivering for banking customers such as RBS-NatWest, The Saudi Investment Bank, and others with Microsoft Dynamics CRM , which enables these companies to personalize their customer experiences and improve their operational efficiency . The financial services industry is changing and a renewed focus on the customer experience can be the key to adapting to those changes.   As the most recent Dynamics CRM banking success, Microsoft highlighted Sutherland Global Services, a business process and Read More

TEC Industry Watch: Enterprise Software News for the Week of August 13, 2012


SOFTWARE SELECTIONSSwiss investment bank UBS selects cloud-based Oracle’s Fusion Human Capital ManagementIndustry tags: Finance and Banking "With extensive worldwide operations, UBS provides its clients with wealth management, asset management, and investment and (in Switzerland) retail banking. A cloud-based HCM solution indeed can be a good option, technically. Traditionally there have been

banking laws  Industry tags: Finance and Banking With extensive worldwide operations, UBS provides its clients with wealth management, asset management, and investment and (in Switzerland) retail banking. A cloud-based HCM solution indeed can be a good option, technically. Traditionally there have been concerns revolving around security and data ownership, which is especially the case for a Swiss financial institution. But as a long-term Oracle customer, USB has elected to deploy cloud-based application across all Read More

Case Study: LaSer Cofinoga


Retail and credit banking specialist LaSer Cofinoga wanted to implement personalized dashboards in order to closely monitor its business activities. The company opted to rethink its legacy infrastructure and choose a next-generation tool. Learn how LaSer Cofinoga’s new dashboarding solution helped the company increase productivity and give managers the ability to measure the efficiency of their departments and processes.

banking laws  Cofinoga Retail and credit banking specialist LaSer Cofinoga wanted to implement personalized dashboards in order to closely monitor its business activities. The company opted to rethink its legacy infrastructure and choose a next-generation tool. Learn how LaSer Cofinoga’s new dashboarding solution helped the company increase productivity and give managers the ability to measure the efficiency of their departments and processes. Read More