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.

Chriss Andrews CEO at KA2 Limited

Complexity creates a maze between you and success. Simplicity ensures a clear line of sight

In today’s digital world no one is safe. In fact, the bigger you are – the harder you fall. Reputations can be made or broken in a day, social media has given the world a voice and what this means is that there is nowhere to hide. Not only that, but increased competition and heightened political and economic pressure has meant that the authorities...

23 March 2018

Reghunathan Sukumara Pillai Consultant at Infosys

Workforce in the Digital World of Banking

When computerization was introduced in the Indian banking industry in the early 1990s, there was furore amongst the staff in the public sector banks. The Banks were heavily unionized at that time with the federations/associations predicting loss of jobs especially at the clerical cadre and even at the officer/Middle Management level. Their reasoni...

15 March 2018 /retail

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

How can Blockchain Help with AML KYC

BlockChain For AML/KYC How Blockchain Enhances Regulatory Reporting Financial institutions are racing to invest in technology that allows real-time reporting to adhere to regulatory rules set out by various agencies and The Federal Reserve Bank. This process includes compiling, tracking, and storing massive amounts of data to be parsed out and rep...

12 February 2018 /regulation

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

Risk of Misunderstanding Cyber Security

Risks of Misunderstanding Cyber Security The financial services sector has been through tremendous adversity since the Great Recession. Institutions have emerged from the financial crisis only to find tougher regulations and constant threats from cyber attacks. In fact, these recent cyber attacks and data breaches are changing the way banks operat...

19 January 2018 /security /regulation

Retired Member 

Archiving in the cloud: A Compelling Proposition

As European regulatory bodies encourage firms to embrace the cloud, it’s time to take a look at some of the benefits, concerns, and myths of archiving electronic communications in the cloud. Historically, a typical bank’s policy to running applications and storing data was they were all located on-premises. Public cloud services simply weren’t used...

07 November 2017 /security /regulation

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

Robotic Process Automation RPA in AML KYC

The cost of adhering to AML requirements for financial institutions is growing at an alarmingly rapid pace as employees race to stay abreast of the complex and dynamic regulatory landscape. RPA has emerged in recent years as a way to help eliminate the manual process associated with KYC thus reducing costly human errors and compliance failures. Wit...

25 October 2017 /ai /regulation

Charles Platt President, EMEA at SAP Fioneer

PSD2 - 'Pop Idol' for Fintechs?

There is a dichotomy at the heart of talent shows like Pop Idol. Catapulting inexperienced people into the mainstream music business, controlled by distributors rather than producers, typically leads to short-lived success - at best. In the banking world, the second Payment Services Directive (PSD2) will come into effect in January, 2018, allowing ...

11 October 2017 /regulation

Retired Member 

Apple’s Dictatorship Erupts New Challenges for iOS Swift Development Companies

Swift is best known for being expressive and concise, and with the latest available update, i.e., Swift 4, with attributes like backward source code compatibility, an efficient bug tracker, mailing lists, and regular development builds, pursuing iOS development becomes easier and faster. It also makes programming more fun. However, in the wake of ...

19 July 2017

Tanmaya Varma Global Head - Finance Industry Solutions at SugarCRM

Human vs Humanoid: The changing face of finance

Being ‘digital first’ is the recipe for success for any business. As our dependence on technology increases, businesses are recognising that they must change their game-plan. This is no truer than in the finance industry, where customers are more connected than ever before, using an array of digital and social channels to contact companies with qu...

19 June 2017 /retail

Retired Member 

Building Blocks of Firebase You Need to Know

No other technologies have transformed lives on the planet as dramatically and as fast as Information Technology has. Interestingly, this dominance is likely to continue in years to come. Firebase is another key ripple that got recognized initially during May 2016 Google I/O summit. Citing its potential to transform different phases from product c...

16 June 2017