Items Tagged with 'IBM'


  • IBM to buy Promontory Financial Group; plans to bring AI to regulatory compliance

    Dealing with regulations just went next-gen
    Regulatory compliance is about to take a leap into the 21st century, and beyond, as IBM announced that it plans to acquire Promontory Financial Group. The purpose of the acquisition? To combine the financial regulatory experience that resides within Promontory with Watson, IBM’s artificial intelligence computer system to build a comprehensive service, to help financial institutions comply with their regulatory requirements.
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  • Will M&A change the mortgage tech business?

    I've been reading a fair amount lately about how merger and acquisition activity is about to heat up and how it will forever change the mortgage technology landscape. I agree with the first part, and I've already met with a number of executives who are actively seeking acquisition opportunities. I do not, however, believe that we're going to have only a few big conglomerates serving the industry in a few years.
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  • In This Corner: LoanSifter President Bruce Backer

    Bruce Backer is the president of LoanSifter, Inc., which provides tools for mortgage bankers, loan officers and secondary departments to price, market and manage loans. Bruce has held leadership positions with a number of technology-based companies, beginning with IBM and Travelers Companies. Prior to joining LoanSifter, he was the founder and president of C3 Corporation, an automation technology provider, and president and co-owner of EMS Sales and Engineering, an energy solutions provider.
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  • IBM Setting Sights on Mortgage Market

    While the mortgage market continues to roil from the effects of a meltdown in subprime credit, IBM (NYSE: IBM) said today it intends to enter the loan fulfillment business and that it has formed a new business unit which will specialize in providing software and services for mortgage lenders. IBM Lender Business Process Services, Inc., a wholly-owned subsidiary of the IT services giant, will offer a full range of lending services, including loan application, underwriting, processing, vendor management, document preparation and loan closing, the company said in a press statement.
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