Armada, a technology consulting firm in Tulsa, Okla., has hired as president a former IBM executive who consulted with banks.
Frank McKeon, former worldwide banking industry executive at IBM Business Analytics, was named president and chief operating officer, Armada said Monday. McKeon succeeded Scott Wise, who will remain chief executive.
Armada provides cost analytics software and consulting services that aim to help companies improve financial performance.
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Armada Consulting says the second version of its Acumen software models cost data more quickly than version 1.0.
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Combing through data to find people whove paid for something twice or left their cash at the ATM helps the bank build goodwill with customers, says analytics chief Christian Nelissen.
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Before joining IBM, McKeon was banking industry director at Cognos Corp., before IBM acquired it in 2008. Before that, he was a finance executive at BOK Financial in Tulsa and managing director for PMG Systems, a performance measurement software provider for the banking industry.
