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 

Due Diligence 2.O: How Vendor Risk Assessment Will Evolve

Increasing focus on vendor due diligence has put significant pressure on financial institutions and vendors alike. The challenge comes into focus when we think about the macro implications. There are an estimated 20,000 financial services institutions trying to qualify some 20,000 vendors using questionnaires that can have hundreds of questions....

02 December 2019 /regulation

Retired Member 

Shadow IT - Is it Good or Bad Cholesterol?

“Shadow IT” remains one of the most hotly debated topics in technology. Is it okay for the business to directly consume technology services outside of Technology organization? The answer is nuanced. It can be good, it can be bad and it can be both, similar to how there are both Good and Bad Cholesterol levels. We have to acknowledge that businesse...

04 October 2019

Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC

Cloud Computing - The Basics

Cloud computing is undoubtly the promise of having a modern and state-of-the-art IT infrastructure without the need for substantial capital investments and personnel increases. The possibility of improving your business is something which is appealing to every decision maker across the globe. The year 2000 will always be remembered as the milenium ...

25 September 2019 /cloud

Retired Member 

How to shift left: Four tips to change team culture

As the “shift-left” mindset begins to take hold, it is important to remember that embedding key technical practices earlier in the delivery pipeline will only deliver value if all teams are prepared and on board with the change. Continuous testing, for example, is essential, and may require more of a shift in culture than technology. Most shift-le...

06 August 2019 /devops

Huzefa Cutlerywala Director, System Implementations at Fiserv

BA Center of Excellence - its significance in Service delivery model.

As per PMI Guide, 2015, Business Analysis is defined as - Determine problems and identify business needs; Identify and recommend viable solutions to meet those needs; Elicit, document and manage stakeholder requirements in order to meet the business and project objectives; Facilitate the successful implementation of the project, service or end res...

22 May 2019

Jussi Karjalainen CEO at Valtatech

Make or Buy: Could smart procurement offer member value creation in superannuation?

Australia remains one of a relatively small number of countries with compulsory superannuation; the measures put in place by the Australian Government, backed by tax benefits, to ensure citizens save to provide an income stream in retirement. It’s a hyper competitive landscape, with funds seeking a competitive advantage, both in terms of their bott...

22 March 2019

Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory

Building An Agile Risk Management Function- Chief Risk Officer Soubhagya Parija and Breana Patel

At Bonova Advisory we interview Industry Thought Leaders, C-suite from large firms and Influencers on a variety of topics pertaining to Risk, Regulation, Corporate Governance and Digital Innovations. Last week, I had the pleasure of interviewing Soubhagya Parija Chief Risk Officer of nation’s largest public power authority New York Power Authority ...

10 January 2019 /regulation

Retired Member 

How Technology Needs Will Differ For Different Businesses

If you own a business, you will likely have computer systems that are helping you manage all your daily operations. Some of the programs are specifically designed to handle accounting related issues, whereas others can be much more comprehensive. They may keep track of your workers when they come in, and the amount of time that they can take off. ...

25 December 2018

Retired Member 

Know Your Transactions - KYT

Many of us have heard about KYC (Know Your Customers) while opening bank account, Insurance Policy, Investments and Pension Schemes. Bank insist on process to know about the customer before onboarding to their systems. KYC is process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for th

17 December 2018 /security /retail

Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory

Digitizing Stress Testing

Running the stress tests now required of banks is tedious and expensive. But by digitizing — already common in other areas of banking — the quality of operations can be improved and cost savings introduced. Better and more efficient risk management — and easier management of the concurrent regulatory requirements now in place — is an area ripe f

29 August 2018 /ai /regulation