In this video, Intel takes a peek at the future by looking back a bit. From a $7 billion dollar investment and initiative that funds manufacturing in the US, to a program to give high school science scholars a boost, to new PCs gadgets enabled by Intel technology, to increased mobility in computing, Intel’s recent work has helped pave the way for your future. Next, Intel introduces its Core processor family made with 32 nanometer technology, the latest technological breakthrough. Thirty-two nanometer means PCs and devices with more power and better battery life. Everywhere you look, Intel technology is helping you be more productive and creative, stay on the go, and have more fun.

Paul Lancour Featured, Intel 32 nanometer, 32nm, Intel, Intel Reader, MIDs, netbook, Research, Science Talent Search, Sponsors of Tomorrow

In this video Neville Letzerich, Vice President and General Manager, EMC xCP Product Unit, introduces xCP – the new standard for rapid application development. xCP is a single platform with a complete fully integrated set of technologies including: content management, BPM, intelligent capture, and collaboration to enable partners to quickly build repeatable case and process-based solutions.

Documentum xCP delivers a dynamic application composition platform using a set of pre-built software components that can easily be configured to develop business solutions. By using xCP, partners can configure instead of code – resulting in faster solution development and improved overall profitability.

Paul Lancour EMC Corporation, Featured Business Process Management, case management, case-based solutions, compliance, EMC, intelligent capture, Neville Letzerich, process based solutions, software components, transactional content management, xCelerated, xCelerated Composition Platform, xCP

EMC is setting a new standard in helping IT organizations rapidly build and deploy case-based applications at a lower total cost of ownership and with fewer resources. In this video podcast, Razmik Abnous, EMC Vice President & CTO, Content Management & Archiving, discusses EMC’s xCelerated Composition Platform (xCP). Abnous explains how EMC combines a fully integrated set of technologies along with development and deployment tooling, best practices, and a design emphasis on configuration versus coding that enables designers, developers, and IT architects to deliver case-based applications up to 50% faster, at a substantially lower cost, and with greater agility and confidence.

Paul Lancour EMC Corporation, Featured case management, Content Management & Archiving, EMC, Razmik Abnous, xCelerated Composition Platform, xCP

Join BearingPoint Managing Director Chris Estes and Manager Eileen Perrin in understanding the UDAP Legislation. In May 2008, the Federal Reserve, OTC and NCUA proposed a regulation under section 5(a) of the Federal Trade Commission Act, affectionately known as UDAP (Unfair and Deceptive Acts and Practices). The proposed regulation addresses overdraft processing and credit card activities.

This regulation will ultimately create pressure on financial institution profitability, resulting in lost fee and interest revenue and increased risk management challenges. UDAP will also require costly modifications to systems and processes throughout the account lifecycle. The financial impact on each institution depends on existing policies & practices. If a financial institution has not yet calculated the financial impact of this regulatory change on their income statement, BearingPoint has created a proprietary model to perform a high level calculation that is directionally accurate.

BearingPoint has created an organizational impact assessment tool to assists our clients in identifying the processes that impact them specifically. Organizations need to align their budgets and their resources to be prepared to support UDAP compliance efforts in 2009. Every institution should start investigating revenue enhancement opportunities and BearingPoint is here to ensure you’re fully equipped when this regulation becomes law.

Paul Lancour BearingPoint, Corporate BearingPoint, Chris Estes, Eileen Perrin, Federal Trade Commission Act, NCUA, OTC, UDAP

Join BearingPoint Senior Business Advisor, Larry Taylor, as he explores some of the risk strategies that can assist with market survival. With all the turmoil in the financial services space in recent weeks, it’s important to know how the industry got in to this ‘mess’ to prevent future occurrences. In this podcast, we discuss the fundamental changes that every company needs to make, as well as steps to go about implementing.

The major change all companies need to make is to dispose of non-working assets. If an asset hasn’t been profitable in over a year, it’s time to move on. Another change that is focused on is the need for regulatory compliance. Each and every organization needs to emphasize regulatory requirements efficiently. Lastly, you need to “shrink smart” and manage risk management in an appropriate fashion.

Throughout this podcast you will learn the “right” way to cut expenses and how to keep the regulators happy. We also found that there are many financial institutions that have remained successful despite the recent downturn. Tune in to learn the secret to their success and ways to bring their strategies into your own environment.

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Join BearingPoint Managing Director, Paul Ringmacher, as he discusses how BearingPoint recently helped a major North American bank replace a paper-based loan origination system for its small-business customers.

When completed, the project took small-business banking loan origination to a new level. An inefficient manual, paper-based system was transformed into an intelligent Web-based, front-end loan capture system used by bankers in the field. The project also features automatic interactions with back-office systems. In the first three months, the initiative became a field-tested success.

Today, it delivers straight-through processing, significantly decreasing front-end submission times, reducing decision times from up to six hours to less than 10 minutes—in most cases—and significantly lowering administrative overhead and application processing costs.

Finally, the net present value of the overall project was projected at U.S.$3.3 million, surpassing business case estimates. Tune in to this podcast to learn more about this engagement and how BearingPoint can assist you.

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Join BearingPoint Managing Director, Brian Hart, as he explores the importance of an adequate risk and performance platform and how it can help companies deal with the credit crisis. Given the scope, depth, and length of this crisis, our clients are clearly being forced to re-examine how they conduct business. The issues that we see are the most prevalent are the need to access capital, how to fund a balance sheet, earnings, acquisitions and dispositions, government intervention, and most importantly- the speculation around change. When an organization deals with these issues on a day-to-day basis, like we see happening now, we know we’ve entered crisis mode. This has many companies wondering what went wrong and how can we better equip ourselves for the future?

The single most important thing that needs to be addressed is the realization of how much capital is being used at a given time. Most people don’t realize how much capital they’re using because of their lack of transparency, and when they finally realize it, it’s too late. To come out of this, we’re asking people to watch very closely how much capital they are spending and to cut any unnecessary costs. This can be done by acknowledging the need for better data management and risk capabilities. BearingPoint has addressed this with a seven point analytical strategy that can assist clients with understanding what changes they need to make. In the podcast, you will hear important points, such as how to manage data, estimate risk, change current business processes and how to implement an integrated risk and performance framework.

Clearly this crisis has exposed a number of weaknesses in risk management across the sector. Most organizations still have basic issues around risk and transparency. This podcast addresses key areas that are lacking in the risk management sector; such as understanding your risks, what risks are making you money and how effectively your trading machine is working? There are many changes that need to be made across the entire financial services sector, and the key points that are addressed in the podcast can help you itemize an action plan to take the appropriate measures to ensure future success.

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Join BearingPoint Managing Director, Lowell Alcorn, as he explores the strategies needed to understand loss mitigation. In recent weeks we’ve seen all the turbulence within some huge financial services organizations, and many are wondering what lessons can be learned from this crisis. When speaking with Lowell Alcorn, he explained that the two most important take-aways from the crisis are the need to improve risk management and managing data through aggressive loss mitigation. Key executives need to understand their risks and be able to report those risks. Many organizations also need to tighten up their aggressiveness around loss mitigation. Each and every company out there should be able to fulfill those two requirements when conducting business.

For future success, key executives should outline clear incentives, process and partnership changes. These three elements will keep a disaster from happening again. For example, as loans are being put together, we need to ensure that securitization documents need to be reviewed and possibly rewritten; a great case for proper process changes. The investors who own the loans need to form a tighter relationship to outline some common incentives. This will define a clear partnership where incentives are agreed upon. These investors also need to have leeway. Right now it’s contractually based, but there needs to be more agreement to ensure a successful outcome.

By making the necessary changes outlined, it will provide the end customer with more flexibility and stability in the future. This flexibility might provide someone with the opportunity to stay in their home, or different options to make payments. This will also ensure that the end customer has provided a lot more documentation prior to being granted funds they’ve requested. This crisis has taught us that we need improved risk management and reporting both internally and externally to ensure that risk is managed appropriately and that everyone involved is up-to-speed on how and why the transaction transpired.

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Join BearingPoint managing director Sandeep Vishnu as he explores risk strategies for market survival. With all the turmoil in the financial services space in recent weeks, everyone is wondering how we got into such a mess. What began as a contained subprime crisis has spilled over into all segments of the financial services industry, in what seems like a domino effect. In this podcast, we discuss the fundamental lack of risk transparency and risk governance as the two most important factors that led to this crisis and how companies can better prepare themselves for the future.

There are multiple lessons that can be learned from our current financial situation. Companies need to focus on transparency within their organization and develop a culture that is more risk sensitive so that risk governance takes on a more important role than it has in the past. We are learning that had senior management been aware of their data and level of risk, they might have seen what was emerging within their organization. To ensure we don’t ever see another crisis at this magnitude, companies need to instill a risk base culture that has a set shared of values among its employees. This doesn’t happen overnight, but there are steps that can be taken to head in that direction.

First and foremost, the data challenge needs to be made head on. If we’re going to eliminate this challenge in the future, we need to conquer this challenge now. The governance challenge needs to also be met. This is where BearingPoint can assist. We have developed numerous solutions to assist our clients with their current situations. We are putting a focus on what can be changed within a current organization. There are certain elements that if put into place now, can help institutions with their future struggles.

Paul Lancour BearingPoint, Corporate BearingPoint, credit crisis, Financial Services, market survival, risk strategies, Sandeep Vishnu, subprime crisis

Join BearingPoint Managing Director and Senior Vice President of Global Markets, Peter Horowitz, as he explores the recent credit crisis and its contributors. With all the turmoil in the financial services space over the past few weeks, it seems that one must look at the source of the problem to really understand how it originated. It started out with a large amount of credit, coupled with lax lending standards and many heavy borrowers which created a heavy base of players, such as the mortgage owners and banks. It then trickled down to those that weren’t even familiar with the borrower or the actual real estate itself. This ‘mortgage value chain’ was the beginning of the turbulence we are all becoming so familiar with.

So what actually caused the crisis, especially within investment banks? The problem was too much leverage. These banks did not have sufficient capital to support the size of their ownership positions. When the position turned against them, both realized and unrealized losses, it wiped out their capital. It really comes down to the fact that their risk management systems failed the senior management of these giant organizations. It was so complex that the firms could not keep up with the changes.

BearingPoint has taken the proper measures to ensure their clients are being offered the most efficient solutions to deal with all the turbulence in the market. We offer a wonderful suite of solutions, such as our Risk Compliance and Security practices Trade Performance Solution that is assisting both buy and sell-side clients with all their risk-related issues. Our banking practice has also just introduced their Default Loan Loss Mitigation Solution, which is assisting clients with reducing the costs of defaults and foreclosures with investors. BearingPoint has been actively engaged with all their clients to ensure they are offering the most efficient and cost effective solutions to respond to this financial crisis and prepare for a successful future.

Paul Lancour BearingPoint, Corporate BearingPoint, credit crisis, Financial Services, Global Markets, lending standards, Peter Horowitz, Risk Compliance