Lodo Software, a provider of personal financial management (PFM) software for banks and credit unions, today announced that Arvest Bank has contracted with Lodo to enhance their online offering by leveraging Lodo’s proven PFM and customer analytics capabilities. Lodo’s solution will help Arvest deliver an improved and personalized online experience that allows bank customers to monitor and manage their finances with greater convenience and control.

With $12 billion in assets, Arvest ranks among the top 100 banks in the U.S. In addition to partnering with Lodo to update their online services, the bank has taken an equity position in Lodo and has joined the company’s advisory board to help guide the future direction of Lodo products.

Cary Parker, executive vice president of information services at Arvest, said, “We like Lodo’s technology and the way their vision aligns with ours in terms of where online banking is headed. Online PFM features can help consumers get a better understanding of where their money is, where they’re spending, and what they can do to improve their financial health. More effectively completing this financial picture, we believe, will bring significant value to our customers and strengthen our relationships.”

Mark Vipond, Lodo CEO, said, “Online banking systems are evolving from the static checkbook registers of the 1990s to something that’s more graphical, more analytical and more engaging. This creates a real opportunity for banks to build loyalty and attract new customers by hosting a richer set of more meaningful, useful data. Banks are also tapping that information to better target their offers and understand their customers in new ways.”

Lodo’s OurCashFlow PFM is designed to be bank-branded and hosted, adopting the look and feel of existing web sites. Its core features – monitoring account balances and transactions, categorizing spending and net worth, creating and managing budgets – can be grouped within a tab or embedded as standalone functions within online banking sites. The software can be operated by a single institution or by a bank holding company on behalf of multiple institutions, each presenting a unique look and feel. More than 100 banks and credit unions have selected OurCashFlow to enhance their online services.

Lodo’s FI Dashboard is a cross-selling tool that’s purpose-built for use with OurCashFlow. The solution captures enriched data about PFM users including assets, accounts, transactions, budgets, savings goals and spending activity. The software organizes and analyzes the information, allowing financial institutions to precisely target the customers who are most appropriate to receive a product or service offer.

Source:http://eon.businesswire.com/news/eon/20120126005006/en/PFM/personal-financial-management/online-banking

Major players in the law technology field, including AccessData, Aderant, and Clearwell, all have new software that will be the talk of the LegalTech show in New York next week.

Attendees of the 32-year-old convention will find a substantial amount of e-discovery announcements, just like last year. The news includes many new partnerships, products, and services. There will also be significant announcements related to document and practice management. However, updates from this particular trio of software companies were anticipated throughout the industry.

AccessData’s Summation, delayed from its planned November 2011 launch, will be available in three versions — Solo, Express, and Pro — and all will include an early case assessment module, company officials said. That is changed from the Lindon, Utah company’s September 2011 disclosure that there would be only standard and pro versions, with ECA being in the pro version exclusively.

Clearwell’s predictive coding software, announced earlier this month, is designed to run more transparently than other approaches. Clearwell’s implementation shows what decisions the predictive coding software makes on a document reviewer’s behalf and how the software arrived at those decisions, Director of Product Management Kurt Leafstrand said. It was under development before Clearwell’s acquisition by Symantec, he added.

Meanwhile, Aderant, which recently concluded an acquisition spree of its own, announced Expert 8.0 this week. Expert 8.0 has new user interfaces to software modules, paperless billing, analysis features for matter planning, and new flexibility in its time-capture elements for lawyers that go beyond traditional billable hours.

Approximately 200 other exhibitors will clamor for your attention, especially in e-discovery. Daegis is one — it’s replacing the DocHunter discovery platform with a new, unnamed database that reuses information between matters or cases. It also now supports Lotus Notes data, rather than just Microsoft Exchange. Integreon, which is also working on data reuse, will reveal eView 4.0 with predictive coding.

Also on the discovery front, BIA’s TotalDiscovery.com will debut social media collection, Index Engines will feature bit-level litigation hold in its new Octane 4.3 forensic software, which like Daegis preserves files and email from Microsoft Exchange and Lotus Notes, Orange Legal Technologies will explain its predictive coding from OrcaTec, and TCDI will have the just-announced CV5 review and production software, in which users can make automated and custom workflows.

Look for much more LegalTech coverage in the coming days, with numerous product announcements related to e-discovery and other litigation support, document management, practice management, and library and research services.

Source:http://www.law.com/jsp/lawtechnologynews/PubArticleLTN.jsp?id=1202540048893