Marshall & Ilsley Unit Wins 5-Year Outsourcing Contract with Synovus Financial

By Luhby, Tami | American Banker, February 20, 1998 | Go to article overview

Marshall & Ilsley Unit Wins 5-Year Outsourcing Contract with Synovus Financial


Luhby, Tami, American Banker


M&I Data Services Inc. has landed one of its most extensive outsourcing agreements-a five-year deal with Synovus Financial Corp.

M&I Data, a division of Milwaukee-based Marshall & Ilsley Corp., will handle Synovus' deposit, loan, and general ledger systems. It also will provide technical consulting services.

As part of the contract, M&I Data will help develop systems for data warehousing, electronic funds transfer, and automated teller machine and cash management services. Financial terms of the deal were not disclosed.

M. Arthur Gillis, an independent consultant based in Dallas, called the deal "a marriage made in heaven." It lets M&I showcase its ability to serve larger clients, while fulfilling the needs of Synovus.

Synovus, based in Columbus, Ga., has $9.8 billion of assets and 34 banks in Georgia, Alabama, Florida, and South Carolina. It chose to outsource after realizing how quickly its technology needs were changing, said Synovus president Stephen L. Burts Jr.

"We felt the technology needs of our company are such that trying to provide those internally was probably not the best use of those resources," Mr. Burts said. "M&I already provides the level of technology that we need today, and they will continue to provide a higher level of technology going forward."

The Synovus deal is an example of how larger banks are warming to outsourcing. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Marshall & Ilsley Unit Wins 5-Year Outsourcing Contract with Synovus Financial
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.