Financial Services Industry
Industry: Email Alert RSS FeedOnline Banking: Mellon Plots Its Merger of Wealth Services
Bank Technology News, July, 2007 by Glen Fest
As the lines blur between the needs of institutional investors and individual high-net-worth portfolios, so do the retail and commercial distinctions for Pittsburgh-based Mellon Financial.
Mellon in June announced it will be consolidating its varied online banking systems in retail, small business and asset management onto a single platform through new hosted, on-demand ACI Worldwide software from Transaction Systems Architects. The changeover comes near the close of Mellon's $16.5 billion merger/integration into Bank of New York and its national banking expansion that bank officials believe needs a standardized delivery and look for private-wealth, cash-management and family-office markets.
For the vendor, which is changing its name to ACI, it represents a...
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