Stories about: Fifth Third Bancorp

Jim Krause is retiring from the CME Group on June 30. Krause, who currently serves as managing director and CIO, has worked for the derivatives exchange for 23 years. He has been involved with every major technology initiative that the exchange has undertaken since 1985, including the design, development and implementation of the CME Globex electronic trading platform, the Clearing 21 clearing system, and the integration of the Chicago Board of Trade (CBOT) with the Chicago Mercantile Exchange (CME.)

Every innovation, every business process improvement, comes with an IT complexity tax that must be paid by CIOs in time, money and sweat. Here are strategies to mitigate the increasing complexity of IT as it enables new business.

From adversity to opportunity: Scott's new job is good for him and for CIOs in general.

Farm Credit Services of America doesn't sound like an organization that courts controversy. The cooperative association makes loans to more than 66,000 farmers and cattle ranchers in the US Midwest so that they can buy cows and pigs and tractors and backhoes. Its main reason for existence - providing $US11 billion of operating capital and real estate financing to those who feed America - is as homey as the images of corn fields, gently rolling green pastures and rugged, resolute farmers that adorn its marketing materials

To call Clyde Thomas a high performer would be an understatement. As CIO and executive vice president of global operations and technology for eFunds, a $US600 million financial services company, Thomas logs nearly 70 hours a week on the job. He oversees five data centres in the US and two abroad, managing 450 people who serve 6000 users overall. He is responsible for the company's software engineering, call and data centres, and security. He is also building new enterprise projects in China and Eastern Europe

Today, organizations need to learn to make workflow changes on the fly.
Otherwise, consumers and trading partners alike are ready to move on.