Business Knowledge for IT

This community aims to provide links, resources, book suggestions, tips and insights to facilitate learning and development of IT professionals in financial services, and to develop a forum for IT professionals to exchange views on various related items.

Retired Member 

Is the PEN mightier than the PIN?

Despite chip and pin and its promise to secure card transactions, what makes the PEN still mightier than the PIN? The answer has something to do with interchange fees and security (zero liability for cardholders). Banks earn more when their cardholders use their cards with the PEN (signature) or when their cardholders use their debit cards as credi...

15 December 2008 /security

Elton Cane Digital product delivery at News Corp Australia

Business practices no longer patentable in the US

This ruling is going to have a huge impact on the financial and software industries if it's not overturned on appeal (which I hope it isn't). Interesting to see that State Street Bank started the questionable process of patenting business practices. Personally I think it's a good thing to put these to the (common sense) test before the patent is g...

31 October 2008

Retired Member 

Introduction to Financial Technology

Book: Introduction to Financial Technology (Complete Technology Guides for Financial Services) I am through just approx 30 pages or so (of 368), and already impressed with the way technology and some fundamental concepts of banking/trading are explained. I think it is a must read for IT professionals who are keen to develop their understanding of t...

23 October 2007