Proudly Serving Alaska

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Alaska Banking Software since 2004

Build reliable, regulatory compliant software that saves time and money.

Let's get started by stating the obvious, it takes a special breed of talented individuals to work in banking.  Ok, let's face it.  A lot of accounting, many sources for information, complicated reporting, the need for high security and under unreasonable time frames where failure is not an option.

Alaska Customers

Some information I know about Alaska is I believe the state was admitted or ratified to the United States around or about 'January 3, 1859'.  Alaska is located around latitude '66.160507' and longitude of '-153.369141' and has a population of roughly '733,391 million'.  If I remember correctly the capital is 'Juneau' and the largest city is 'Anchorage'. 

What is Banking Software?

Let's talk banking software.  Take for instance Reuters which is headquartered in New York City, United States with thousands of worldwide employees, and their products specialize in financial information management, purchase order management, positions and risks, and financial instrument sales.  Reuters software offers a complete line of Front to Back Office solution. 

If at any point you decide to reach to me just know the area code I work within for Alaska is '907'.  For Banking assistance you will find my rates very reasonable for Alaska.  Now just keep in mind my time zone is 'Eastern Standard Time (EST)' and I know the time zones in Alaska are 'Alaska Standard Time (AKST)' in case you wish to call me.  Anyway let me continue.

Another important banking software company is Wall Street Systems, headquartered in New York, USA.  It provides solutions for control and overall productivity for corporate treasury, improved workflow, central banking, bank treasury, FX trading and global back-office operations.  Examples of these back-office tasks include IT departments that keep the phones and computers running (operations architecture), accounting, and human resources (customer relations).  The front office tasks include sales and marketing: sales and marketing personnel come in contact with their customers.

Are Financial Need Relationships Important?

A closer view of these firms shows how each of these organizations need each other.  For example, when a company comes in contact with a customer who wants a product they do not have, that company could refer the other companies to the customer and vice-versa.  Accordingly, each company can promote its brand name and even mutually profit from their agreements with a fellow banking software company.

With the help of these software companies, there is efficiency and proper management of transactions both in the front and back offices of the banking firms and other financial institutions.  This in turn has a big impact on the consumers, making the process of banking run much more smoothly and quickly.

You know, I don't make it out to Alaska much but I would like to see the 'Willow Ptarmigan' state bird.  I am a little familiar with the Alaska 'Forget-me-not' state flower as well.  However, I do not know much about Alaska's state tree the 'Sitka Spruce'.  Fishing is fun to me perhaps I would like reeling in the Alaska 'Largemouth Bass' state fish.  Anyway, sorry I went off topic.  Let me continue.

What is Central Bank Digital Currency?

What exactly is a Central Bank Digital Currency (CBDC)?  A CBDC is virtual money backed and issued by a central bank.  As cryptocurrencies and stablecoins have become more popular, the world's central banks have realized that they need to provide an alternative - or let the future of money pass them by.

CBDC - As of 2020

1. 87 countries (representing over 90 percent of global GDP) are exploring a CBDC.  In May 2020, only 35 countries were considering a CBDC.
2. 9 countries have now fully launched a digital currency.  Nigeria is the latest country to launch a CBDC, the e-Naira, the first outside the Caribbean.
3. The latest cross border payment tests is Project Dunbar - a partnership between South Africa, Singapore, Malaysia, and Australia.
4. Of the countries with the 4 largest central banks (the US, the Euro Area, Japan, and the UK), the United States is furthest behind.
5. 14 countries, including China and South Korea, are now in the pilot stage with their CBDCs and preparing a possible full launch.
6. Without new standards and international coordination, the financial system may face a significant interoperability problem in the future.