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A community for discussing the latest happenings in banking IT. Credit Crunch impacting Risk Systems overall, revamp of mortgage backed securities, payment transformations, include business, technology, data and systems architecture capturing IT trends, 'what to dos?' concerning design of systems.
From our regular meetings with FS IT leaders in the UK, we know that the challenges of delivering scalable, secure and timely IT to support vastly different, yet constant, requests from across the bus...
Gartner defines Open Banking as the provision of services in the context of users through API platforms; app stores and apps. In simpler words, it means utilisation of open source technology which can...
In the financial services industry, disruptive technology is generally seen as an enabler of business growth, as well as an enhanced consumer experience. For example, blockchain ledgers have the poten...
Large, global banks process billions of transactions across service offerings to a plethora of customers across demographics, daily. In order to sustain effective operations, they must adopt cutting-e...
In my previous blog, we talked about letting the CAT out of the bag in order to make risk management more effective. The 'T' we talked about previously was 'transactions,' the other two being 'custome...
Today's banks are facing a common challenge across the globe: mounting technology costs and increasing compliance requirements. New organizations are surfacing at every nook and corner to disrupt norm...
Several recent surveys show that the number of larger projects which are truly successful is well under fifty per cent. Some are outright failures; others fail to fulfil business objectives in some wa...
Last Monday (23rd) was Day 1 of the Annual EBUG conference held in London's famous Institute of Civil Engineers. In a way it made me wonder if anyone will be able to Engineer the future of Cards &...
Its quite interesting to see how a bank's human resourcing model works and the dependency on 'contractors'. Many banks have a model with least permanent employees and high reliance on contractors and ...
Bitmessage is a trustless, decentralized peer-to-peer messaging protocol (very similar to Bitcoin). It is a unified system that encrypts every message. It keeps secure the members of the communication...
My last post talked about Enterprise NoSQL and ACID vs. BASE in the context of handling data variety. In this one I'd like to delve deeper into transactional, Enterprise NoSQL. Let's start by focusin...
The proposed Regulation SCI (Systems Compliance and Integrity) from the SEC may require further strengthening, but principles such as mandatory testing of disaster recovery procedures would ensure tha...