Bank Ranking & Technology 2010
July/August
Business Process Management Solutions
Solving the Legacy Technology Modernization Challenge
By Steve Byrnes and Michael Donnary
Across a variety of industries where legacy platforms are prevalent and challenging to replace (including banking and insurance), companies are considering Business Process Management (BPM) solutions as an alternative to system replacement. As equipment finance companies look to the future and consider alternatives to modernizing their legacy technologies, they may want to consider these in the mix.
Lease Accounting Changes Will Call for Software Systems Upgrades
By Madhu Natarajan and Joe Sebik
With an exposure draft expected this summer, lease accounting changes brought about by FASB and IASB convergence that once seemed distant are now becoming more and more real. It is therefore prudent for leasing companies to prepare for the expected impact to their policies, processes and software systems. At a minimum, lease management systems must be reviewed, modified and tested for compliance.
What’s Hot in the Commercial Finance Buying Market
Three Trends to Watch
By Michelle Rodriguez
Commercial debt buyers have fared well as companies have looked for ways to create much-needed liquidity and they have proven they are more than capable of filling a liquidity void. But will the trend hold once the economy recovers and the capital markets operate efficiently once more?
Huntington Equipment Finance
New Leader Sees ‘A Very Bright Future’
By Stuart P. Papavassiliou
Earlier this year, Huntington Bank made headlines in the financial press by delivering impressive 2010 first-quarter earnings after facing what some have called a “near death experience” in 2009. The Monitor took notice when industry veteran Rick Remiker was named president of Huntington Equipment Finance Group, charged with the task of taking the group to the next level.
Is Your Business in Need of a Technology Transformation?
There’s an App for That!
By Linda P. Kester
Today’s marketplace continues to expand and evolve. As it does, your customers, employees and partners demand more. Providing employees with information, devices and gadgets they need to function effectively and training them to stand out in front of technology and build real relationships can go a long way.
Second Circuit Weighs in on BAPCA’s ‘Hanging Paragraph’ in AmeriCredit Bankruptcy
By Lesley Anne Hawes
In this edition of Tipping the Scales, Lesley Anne Hawes returns to discuss the implications of the so-called “hanging paragraph” in BAPCA as ruled upon by the Second Circuit Court of Appeals in AmeriCredit Financial Services v. Thompkins. The ruling, Hawes contends, will make it more difficult for debtors going forward … and gives creditors a reason to cheer.
A Little Something About Software Leasing & Finance
By Kenneth P. Weinberg
For many outside our industry, equipment leasing and finance is a niche with magical and confusing terminology and structures such as synthetic leases, operating leases, true leases, FMVs, TRACs, ALIASs and EFAs. When you add software leasing and finance into the mix, you encounter a niche within a niche. In the following article, Ken Weinberg briefly addresses some of the unique considerations raised by such software transactions.
