New Kid Block On the Block; Metavante Ventures Forth Without Its Big Bank Parent

Summary


Metavante Corp., hatched and then nurtured in a strong business culture at Marshall & Ilsley Corp. for more than four decades, has left the nest.

The Brown Deer-based financial technology company, spun off by M&I last week, now will seek to grow in the bank data processing and automated payments arena without its powerhouse parent company standing behind it.

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New Kid Block On the Block; Metavante Ventures Forth Without Its Big Bank Parent

But analysts agree that Metavante's bank-groomed ways and solid reputation in the industry should provide plenty of lift for solo flight as long as it doesn't stray from the course that has made it successful so far.

"If the integrity of their culture persists and continues, there is nothing but good news abo...

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