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Article: Mergers buoy software to link differing systems. (Technology/Operations)
- Article from:
- American Banker
- Article date:
- August 20, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mergers Buoy Software To Link Differing Systems
The recent spate of bank mergers have increased interest in software to let disparate computer systems exchange information.
One of the greatest challenges in combining financial institutions is squeezing significant savings from their back-office operations. In the recent merger transactions by Fleet/Norstar Financial Corp. and BankAmerica Corp., for example, back-office consolidation will account for about half the savings expected from the merger.
Some analysts and consultants have doubted whether such numbers can be squeezed from areas banking functions as check and data processing.
But ...