Bank of West Picks Carreker

September 05, 2006
American Banker

Following are excerpts from the September 5, 2006 edition of American Banker.

Bank of the West, a San Francisco unit of BNP Paribas SA, has agreed to use automated document tracking software from Carreker Corp. of Dallas.

Carreker said last week that the $55 billion-asset bank would use its TrackPoint software, which can trace the movement of documents throughout an organization. Bank of the West plans to implement the software in its receiving and proof departments to follow check and automated teller machine deposits, tax files, payroll envelopes, internal mail, and bulk file shipments among its various sites.

TrackPoint can follow any object with a bar code, as well as electronic files, which makes it easier for users to find them.

Carreker said regulatory requirements are driving demand for such technology, because they require financial companies to retain historical data and trace the movement of some information in and out of the company.