Glen Solimine, who founded the electronic bank account management (eBAM) software provider Speranza, has signed on at J.P. Morgan Treasury Services as executive director for its eBAM product set. Solimine joins the bank from treasury software vendor Wall Street Systems, which purchased Speranza in 2010.
EBAM, which aims to automate the paper-intensive process of managing corporate accounts, has been a hot topic over the last couple of years, but has yet to be extensively adopted. But Solimine says the work that has b
een done thus far by banks, companies and technology vendors should bear fruit in 2012.
"We've done a lot of pilot testing, so this year is all about production and getting those customers, the innovators, into production now so they can use it on a daily basis," he says.
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