iBank Monitor offers custom bank industry studies and newsletters covering regulatory enforcement actions, bank failure statistics, FDIC receivership loan sales and financial metrics of individual institutions.
Welcome to Data Informatics: The Company
The end of each month brings an avalanche of financial reporting that can be an overwhelming strain on most accounting departments. Preparation of management and regulatory reports is becoming far too cumbersome without effective technology.
As the Chief Financial Officer of a financial institution, I began to explore available options and determined that core processing solutions are inflexible and costly - often containing long contract terms and conditions. Alternatively, unsophisticated single purpose desktop programs provide static links to the general ledger, but typically do not provide deep integration into core applications, thereby limiting the ability to perform complex analyses and calculations.
The needs of finance professionals require a more manageable, sophisticated and efficient technology to:
- Drive financial efficiency,
- Compress report production time,
- Streamline financial processes,
- Make enterprise data accessible and relevant.
Frustrated by the lack of viable options, a suite of data base aggregation programs were developed specifically tailored to the needs of financial institutions.
The core module, Bank Informatics dramatically reduces the preparation time required for numerous repetitive and ad hoc reports including Call Reports, Thrift Financial Reports, Risk Based Capital Calculations, Federal Home Loan Bank collateral reports, Legal Lending Limit calculations and integral data for board reporting.
The Stock Informatics module, provides a powerful incentive stock option program with capabilities to handle multiple vesting schedules, track each stock option transaction (grants, exercises, forfeits and expirations) and produce information to assist with dilutive and fair value calculations.
Additionally, the Mailing Informatics module, delivers an integrated mailing address marketing tool. This product features dynamic access to customer addresses derived from independent data base applications offering programmable criteria for specific and targeted marketing projects.
I am certain that these modules would streamline your productivity and provide unquestionable value to your organization. Please contact me at 208.726.4636 or peterm@datainformatics.com for a personal product demonstration.
Peter Minford
Managing Member
Industry knowledge, coupled with advanced technology skills.
- Community Bank Chief Financial Officer
- Chief Financial Officer - Bank Rate, Inc. (NASDAQ: RATE)
- 30 years banking experience
- 15 years commercial lending experience
- 16 years bank operations, administration and technology experience
- Stonier Graduate School of Banking, American Bankers Association
- B.S. Finance, Florida State University
- M.B.A., University of South Florida
- University of the South, Sewanee, Tennessee
|
