UBS General Ledger Survives Merger, SBC May Give Ground On Systems

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ZURICH--Union Bank of Switzerland and Swiss Bank Corp. have selected Abacus, a Unisys-mainframe platform developed by UBS in the 1980s, as the core transaction-processing and accounting system for the post-merger holding company's combined back office. The two banks have held off naming all but the most senior information technology executives in their investment management operations or selecting the surviving systems at the combined institution, but the decision on a core accounting system was

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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