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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.
SaaS (Software-as-a-Service) providers offer a convenient solution for businesses looking to outsource the operations and maintenance of their internal software without incurring the overhead or risk ...
The banking sector was not quick to take the cloud model to its heart. A combination of heavy investment in legacy systems and an in-built cultural reticence around letting go of on-premises control m...
When Core Banking solution (CBS) was designed in the late1990’s, it was engineered to connect to the different branches of the bank using a central database and ensure proper accounting to generate th...
Even though the “godfathers” of programming—Maurice Wilkes, David Wheeler, and Stanley Gill—introduced APIs in the late ’40s, and Salesforce, Facebook, Google, and others also began making feature-ric...
The shift to a ‘marketplace’ model, rise of fintech companies and arrival of new players in the payments value chain have had a profound impact on market dynamics within the financial services sector....
Businesses are increasingly adopting open-source software. As a result, it is predicted to become a $50 billion market by 2026. The thriving open-source community is releasing the software and its so...
Although IT resiliency has long been a common theme and practice for financial institutions, the rapid digitalisation of financial services is underscoring its importance. Over time, the financial sys...
The increasing digitalisation of our world is impacting all of our everyday lives - and money is no exception. At its core, what money is and its capabilities are. We’re seeing government, big tech, t...
Written by Blair Walker, Product & Strategy, Waracle ‘Platform’ is such a non-descript word to be used to describe an innovative approach for technologically enabled businesses…but it seems to fit...
When we first engage with traditional banks we often hear about the same challenges. Banks today are expected to compete against small, nimble fintechs on the one hand, while also fending off the grow...
In this instalment of ‘Why banking infrastructure is broken’, we’ll take a look at payment rails. We’ll explore the issues with payment rails today, what needs to change and setting the right foundati...
As technology has evolved and opened up new possibilities for the way businesses and consumers interact with their financial service provider, neo banks, fintechs and increasingly non-financial brands...