How to acquire a bank in the 21st century

Biscom Delivery Server is being used in a lot of different ways -- sending medical records and clinical data securely, sharing large multimedia files with design studios and PR agencies, distributing software to customers, and working with local, state and federal government agencies.

But one of our more interesting customers is Rockland Trust, a regional bank here in Massachusetts that is one of the few banks that is actually doing well and growing. Dave Brown, their AVP Information Risk/Security Architect, is what I'd call someone with vision. Or at least he saw the potential for BDS in his company. Dave and I are going to be co-presenting at the AIIM 2009 show in Philadelphia on April 1, 2009 on how Rockland Trust is using BDS to address multiple secure delivery projects internally as well as externally.

One of Dave's many hats involves handling the data transfers when Rockland Trust acquires another bank. These bank conversions involve moving all customer information, deposits, historicals, and balances so that the customers of the acquired bank can, for example, go to an ATM for either of the banks, and get cash out. It's also nice when the account balances are correct.

Dave's been doing bank conversions for 20 years, has executed hundreds of acquisitions, and I don't think I'm going out on a limb when I say he's pretty much an expert on this. So, I take his word when he says that before BDS, there was a lot more to worry about, including whether the magnetic tape backups would be delayed because an airport's snowed in (yes, this really happened!), or if the the tapes would arrive corrupted, or even if the reel to reel systems of the two banks would be compatible. There are a number of potential issues.

Dave used BDS in an acquisition recently and it apparently went so well, he's "rewritten the book" on bank conversions, and BDS is now part of Rockland's SOP. He now includes BDS in the project plans of all his acquisitions, and by doing so, the cut over is seamless for the bank's customers. Instead of closing on Friday, and re-opening Monday, the acquired bank can be open for business on Saturday morning. The ROI for that is something we're still trying to figure out, but think about this: no opportunity costs of a branch being closed for one or more days, customers don't have to wait several days before being able to access their accounts via ATM or online, and the increased confidence and trust customers will have with a bank where everything is handled quickly, efficiently, and smoothly.

So, if you're going to AIIM this April, you can hear Dave talk about how Rockland Trust is using BDS, not just for bank conversions, but also in all other parts of the organization.