2019 National Western Is Last Chance to Visit Old Stockyards

Usnews | January 12, 2019

The year was 1906, and there was no rodeo in sight. In the inaugural year of the National Western Stock Show, any display of roping and riding skill was still 25 years away. There was no food court hocking giant turkey legs, either.Back then all the action happened in the stockyards, where ranchers and buyers sized up beef cattle, bid on train car loads of the prized animals and struck deals. The first permanent structure built for the show, the now-historic Stadium Arena, didn't open until 1909.Nowadays, the stock show is a multifaceted entertainment experience. It offers rodeos, music and dancer performances, a trade show with room for 900 vendors and, of course, food courts hocking giant turkey legs. Showgoers can spend days at the National Western Center and never go near a pen full of Hereford cattle. National Western organizers are putting special emphasis on the stock show's core purpose in 2019, dubbing it the "Year of the Yards." Big changes — a billion dollars' worth — are coming over the next four-plus years, including the relocation of the stockyards from the site they have sat on for more than five decades to property to the north. When the show gets going Saturday, Keith Fessenden, a historian and archivist who works on the property, recommends that folks take the path that leads west under the railroad tracks to the yards and drink it all in."Be sure to go up on the walkway and look down and just get a feel for what it's like with the cattle and everything," Fessenden said. "It's where the show came from."The yards are being uprooted from their historic home to accommodate a new 526,000-square-foot equestrian center, one of eight buildings expected to rise on the National Western Center grounds by 2023.

Spotlight

Following the global financial crisis, financial institutions have had to focus on cutting costs and boosting efficiency in order to drive new revenue and profits. In North America, this often meant shifting focus away from technological innovations. Europe was even more measured in restructuring, with key regulations taking a relatively long time to emerge.

Spotlight

Following the global financial crisis, financial institutions have had to focus on cutting costs and boosting efficiency in order to drive new revenue and profits. In North America, this often meant shifting focus away from technological innovations. Europe was even more measured in restructuring, with key regulations taking a relatively long time to emerge.

Related News

FINTECH

Pyramid Federal Credit Union Partners with Asa to Modernize the Member Experience

Asa | July 27, 2022

Asa connects financial institutions with customer-facing fintechs in a secure, compliant and easy to implement marketplace. The company today announced that Tucson, Ariz-based Pyramid Federal Credit Union has selected the Asa platform, embracing collaborative banking to quickly introduce new technologies. Pyramid FCU will connect to a community of fintechs via Asa’s digital rails, allowing the credit union to instantly deliver new innovations and capabilities for members in a secure, safe way. All member data is tokenized, normalized and anonymized before it’s shared with any fintechs, eliminating liability and risk. With Asa, Pyramid FCU will be able to personalize the member experience at scale. “As a community institution, it can be challenging to keep up with the rapid rate that technology and member expectations change,” said Ray Lancaster, CEO of Pyramid FCU. “As a community institution, it can be challenging to keep up with the rapid rate that technology and member expectations change,” said Ray Lancaster, CEO of Pyramid FCU. “Asa and the collaborative banking model help solve for this pain point, providing members with fast and easy access to the apps and tools they want to try, all without having to share any sensitive information. This allows us to nimbly innovate without being bogged down with cumbersome one-to-one vendor due diligence, carving out a strong competitive advantage.” By creating a trusted, closed ecosystem in which financial institutions and fintechs benefit from one another, Asa is enabling banks and credit unions to innovate, fintechs to scale and consumers to take control of their data and finances. With Asa, Pyramid FCU’s members will have the benefit of both the latest modern technology and the credit union they know and trust. “Leaders like Pyramid FCU understand the importance of delivering the new technologies and tools members want, backed by the local, personal service they crave,” said Landon Glenn, CEO and founder of Asa. “By embracing the collaborative banking model, Pyramid FCU is improving the member experience and empowering them with unprecedented choice, all while removing much of the liability and risk that has traditionally hindered credit union-fintech partnerships.” About Asa Provo, Utah-based Asa connects financial institutions with customer-facing fintechs in a secure, compliant and easy to implement marketplace. With Asa, banks and credit unions are innovating more quickly, fintechs are scaling more easily and end users are empowered to take control of their data and finances. Learn more at asa.financial.

Read More

FINANCIAL MANAGEMENT

JTC Group Selects Harmonate To Expand Data Management Strategy

JTC Group and Harmonate | August 09, 2022

Harmonate announced today its selection by JTC Group to allow faster, accurate extraction of financial data for institutional fund and private wealth clientele, broadening access to diverse sources and forms of data to enhance offerings and provide unprecedented speed and reporting capabilities to the global JTC customer base. "Fund services strategy can only go as fast as the speed with which financials can be accurately extracted and rapidly deployed in the many different formats leaders require, Impact and ESG investing, for instance, and the hunt for an edge in this rapidly evolving environment also means the definition of what data falls under the fund administration role has quickly expanded, and requires normalization capabilities that are well beyond legacy systems." -Harmonate CEO Kevin Walkup Our institutional and private clients understand the power of data relative to their own organizations and as their trusted partner, they turn to JTC for the solutions that will meet their growing need for pace, quality, usability and information security, We are delighted to announce this alliance, which will marry the transformative capabilities of Harmonate with our deep human expertise and experience in fund, corporate and private client services,said JTC Group CEO Nigel Le Quesne. JTC Group is a global organization servicing institutional fund clientele, private wealth and providing a robust range of corporate services. The company supports clientele across 25 jurisdictions, is recognized for its 32-year track record of consistent growth, customer relationship longevity and shared ownership business model where all employees are company shareholders. JTC's growing leadership in the marketplace is demonstrated by the company's significant investments to broaden technological capabilities, enhance product offerings, provide unprecedented levels of information security, data visibility and increased service levels. JTC Group's successful achievement of the best of multiple worlds contributes to their accelerating rise in prominence as a preferred solution in a competitive market, We are excited to serve them as they exemplify what global fund administration will look like in the post pandemic world,said Walkup. Harmonate's Conductor product provides proven automated data extraction from general ledger systems, statements and balances, providing data normalization, creating specialized data warehouses, and intelligently feeding client dashboards, reports and service level agreements. Outputs are also configured for internal general ledger administration, enterprise resource planning and reporting. Harmonate's data aggregation process encompasses configuration of schedules, data sources, reference data and master data. This provides reporting on expected and actual results to support management through straightforward dashboards. Conductor has demonstrated the full-scale capacity to reduce reporting delivery timelines by more than 80 percent, or from two weeks to 24 hours. In addition to its speed, quality, and capacity to make data more easily used in more ways, Conductor is designed to support ongoing cost savings over multiple years of deployment. About Harmonate Harmonate is a data services platform for funds that frees operations from the limits of legacy systems and closes the information gap between fund managers and investors, as well as between funds and the public sector. The company's purpose-built solutions streamline middle office processes — simplify complex, high velocity transactions, and help ensure security and regulatory compliance through each step of a fund's life cycle. With its proprietary fundstech platform and leveraging more than 15 years of specialty financial administration leadership, Harmonate is helping define best practices in each of the markets it has supported.

Read More

FINANCIAL MANAGEMENT

Texas-Based Community Bank Partners with Fintech for Full Suite of Automated Workflow and Portfolio Management Tools

Teslar Software | August 05, 2022

National Bank & Trust and Teslar Software today announced their partnership to streamline and modernize lending processes. The bank has selected Teslar’s comprehensive suite of automated workflow and portfolio management tools, which will reduce time spent on tedious manual tasks and allow employees to focus on strategic initiatives, such as expansion plans and portfolio diversification. “We strive to offer innovative technology while building deeper customer relationships within our community. Teslar Software is the solution to help us accomplish just that, Through our partnership, we will be able to complete tasks and access data faster, helping our lenders more seamlessly manage their portfolios from anywhere. Plus, Teslar will help us with the current talent dilemma, enabling us to operate efficiently and grow without needing to add staff. Teslar squarely supports our bank’s broader vision and allows us to strategically position ourselves for the future.” -Tracy Harris, CEO and president of National Bank & Trust The visibility gained from Teslar will provide National Bank & Trust with deeper insights into individual customer portfolios, allowing lenders to better track exceptions and manage loan documents, which will also help from a regulatory perspective. Teslar’s secure portal will allow customers to upload financial statements and monitor the status of their loans, improving the borrower experience. We’re proud to partner with National Bank & Trust, delivering the technology needed to provide an efficient, high-touch approach to customer service, We look forward to working alongside National Bank & Trust as they continue to support the community that has trusted them for over 130 years,said Joe Ehrhardt, CEO and founder of Teslar Software. About Teslar Software Teslar Software, founded in 2008, is a configurable lending process automation platform for community financial institutions. Teslar transforms commercial lending by providing easy access to centralized, relevant information to balance portfolios, optimize profits and help community bankers effectively serve their customers. Named Best Solution for Lending by the 2021 FinXTech Awards, Teslar Software continues to earn their reputation as a top technology provider for community institutions.

Read More