Technology >> CEO Interviews >> November 13, 2000
MICHON M. SCHENCK serves as President of Financial Fusion, Inc. She is
responsible for advancing the company's e-finance solutions targeting
Global 1000 financial institutions. Ms. Schenck oversees all of the
operations functions, including engineering, professional services,
customer services and support marketing. From 1996 to 1999, Ms. Schenck
served as Vice President and General Manager of Sybase Inc.'s Global
Financial Services of Business line. She was responsible for the
development of Sybase technology initiatives in banking, capital
markets, insurance and diversified financial services organizations.
Under Ms. Schenck's management, revenues and expense targets for
financial server were surpassed, and in 1997, financial services market
share grew from 62% to 68%. While at Sybase, Ms. Schenck also
spearheaded the spin-off of the financial server business unit into a
separate subsidiary, which eventually joined forces with Home Financial
Network to create Financial Fusion, Inc. Prior to joining Sybase, Ms.
Schenck was affiliated with The Tower Group, the Boston-based
consultancy monitoring financial technology markets, where she reviewed
technology strategies and trends among banks, brokerages and the vendor
community. Previously, Ms. Schenck was Vice President and MIS director
at Fleet Financial Group of Providence, Rhode Island. She also served as
Vice President of Commercial Loan Operations at the Bank of New England
in Boston. The shift from business to technology enabled Ms. Schenck to
gain significant operations and general management experience, as well
as a detailed understanding of the banking business. Ms. Schenck has
spoken at a number of conventions and conferences, including IT for Wall
Street, SIA Annual Technology Conference, Financial Technology Expo, BAI
Retail Delivery Show and French Bankers Roundtable. In addition, Ms.
Schenck has made several presentations at conferences sponsored by
Fortune Magazine, Meridien Research Group, Tower Group and ICM. Ms.
Schenck holds a Bachelor's of Arts degree, Cum Laude, from Wheaton
College in Norton, Massachusetts. She is an active member of the Women
in Information Technology Institute (WITI). Profile
Fusion?
Ms. Schenck: Financial Fusion came into being in January 2000 through a
combined transaction whereby we spun
