Chances are, your alma mater has already drained more than a few dollars from your bank account. DePaul University in Chicago, however, wants its alums to put all their money in the bank?preferably its own. In an effort to stay connected with its 100,000 alumni and boost donation rates, DePaul opened an online bank, DePaulBank.com, in January. The university works with Sutton Bank in Attica, Ohio, to offer interest-bearing checking and savings accounts, ATM and debit cards, online bill paying and other services to university alumni. Lending DePaul’s brand to an Internet bank makes sense since it has one of the largest computer science programs in the country, says Kenneth McHugh, the university’s executive vice president for operations.DePaul’s move into Internet banking follows the November opening of AJDrexelBank.com by Drexel University in Philadelphia. Many other colleges and universities are taking similar approaches to building alumni ties as federal funding for higher learning has declined. Although DePaul’s online bank is just getting off the ground, the university already plans to expand the service to faculty, staff, student body and community members. “DePaul is a leader in technology and education,” McHugh says. “This program will help us spread the word.” Related content Opinion How can CIOs protect Personal Identifiable Information (PII) for a new class of data consumers? Enterprises and data owners must ensure customer data privacy while training their machine learning models. Let us learn how. By Yash Mehta Mar 22, 2023 10 mins Data Privacy Data Science Machine Learning News ServiceNow continues workflow platform expansion with Utah release The company also doubles down on its customer success automation efforts, but bucks the trend by omitting GPT. By Peter Sayer Mar 22, 2023 7 mins CIO Build Automation Enterprise Architecture BrandPost Don’t buy into the hype of network observability to realize digital transformation success Just collect the right data and follow it to where it leads you. By Jeremy Rossbach, Chief Technical Evangelist, Broadcom Mar 22, 2023 3 mins Networking Feature How culture and strategic partnerships help fuel transformation Marc Hale, CTO for AIA New Zealand, recently spoke with Cathy O’Sullivan, editor for CIO New Zealand, about navigating the complexities of digital transformation, and focusing on culture to enable healthier outcomes for customers. By CIO staff Mar 22, 2023 7 mins CTO Digital Transformation Change Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe