Computer Sciences Corp., a consulting and IT services firm based in El Segundo, Calif., completed its merger with Mynd Corp., formerly know as Policy Management System Corp. As a result of the merger, Mynd-which provides systems, services and e-business solutions to the global insurance and related financial services industries-is a wholly owned subsidiary of CSC. Following the merger, CSC has in excess of 15,000 people serving 1,200 clients in the financial services industry in more than 60 countries. CSC expanded its presence in the financial services industry in 1996 with the acquisition of The Continuum Co.Seattle-based DocuTouch Corp.-which provides a secure, legally binding online application to manage, close and archive digitally signed transactions-and Hygrade Business Group Inc., a Clifton, N.J.-based provider of XML forms and printing management technology, are offering a broader array of online data management services to the insurance, banking and healthcare industries. The combined offering of services will enable a bank or mortgage lender, for example, to present electronic mortgage disclosure documents to customers to be reviewed and signed entirely online, saving all parties time and courier costs. Electronic and digital signatures will lead to 80% of all financial transactions being completely automated in the next five years, according to Bryan Keene, an analyst at Prudential Securities Inc., New York.
Sunnyvale, Calif.-based EhealthInsurance Services Inc., an online provider for individual, family and small-business health insurance, and Columbus, Ohio-based Bank One Corp. have formed a strategic alliance that will provide an online health insurance marketplace to Bank One's 8 million retail and 425,000 small-business customers. eHealthInsurance will provide a range of health insurance choices to Bank One's customers who visit www.bankone.com. The insurance products are linked back to www.ehealthinsurance.com. Once on the Web, customers can use eHealthInsurance's free online services to research and compare a multitude of health insurance plans and ancillary products, including dental and vision coverage. They can choose from some of the nation's leading health insurance carriers. Bank One customers can also apply online.
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