Banking Architecture

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.

Retired Member 

About Your Profit and Loss Platform...When?

Dear Bank IT Manager, You might wonder why I have disappeared for a month and a half. Well, it has been a hectic period with a lot of projects commencing at the same time. When are banks going to move away from the projects that strictly follow the calendar year? Why do all engagements need to start on a 1st January and finish on a 31st of Decembe...

01 March 2012 /regulation

Retired Member 

So many devices, so little time

The mobile device market is continually changing, and this makes the technology choices for any company quite challenging. In the last six months, for example, Apple’s iPhone has remained a powerful but minority choice, Android handsets have gained nearly half of the UK smart phone market, Blackberry has seen a decline in use, and Windows mobile d...

14 February 2012

Retired Member 

About Your Profit and Loss Platform No.5 - Where?

Dear Bank IT Manager, I hope that you have had a good Christmas / New Year period: covered by a romantic snow if you are in the North or blessed by a brilliant sunlight if you are in the South. Personally I have to say that I am a little bored of fog, which is very common in my town. In any case my vegetables are growing through cold, ice and fog ...

16 January 2012 /regulation

Retired Member 

Should we blame technology for the current crisis?

“Beware of the geeks bearing formulas” said Warren Buffett. Although aimed at quants and their complex financial models, sometimes I feel this statement is as equally as applicable to members of the IT community like myself who are tasked with helping make such complexities reality. This year, my colleagues and I have had many a discussion on tec...

28 November 2011 /regulation

Retired Member 

About Your Profit and Loss Plaftorm...no.4. Next W - What?

Dear Bank IT Manager, In my last post I committed to send a new update once I ate my first rocket salad. Mission accomplished: It was simply delicious. By the way, you asked what P&L tools and vegetable patches have in common. Let me answer them straight away: Nothing. It is just that my vegetable patch is my passion and I cannot help mentioni...

23 November 2011 /regulation

Retired Member 

About Your Profit and Loss Platform...no.2

Dear Bank IT Manager, My most sincere apologies for being so quiet all this time. But I have been rather busy these last weeks… Did I mention in my latest post that P&L complexity should not be under-estimated? :-) Anyway, let me try to elaborate a little more about the complexity of P&L tools. Here you have a second thought, more to come s...

03 October 2011

Retired Member 

About your Profit and Loss Platform...no.1

Dear Bank IT Manager, I am aware that you would like to build a new Profit and Loss (P&L) platform from scratch. Perhaps you have dozens of redundant and sometimes inconsistent P&L applications across your bank? Altogether they might mean millions of Euros or Dollars every year, in terms of running costs and operational risk coverage? You ...

12 September 2011

Siddharth Udani Client Partner at Consulting

SIBOS 2011: what do you need?

So which topic will steal the show at SIBOS this year.. Post Crisis wheres the growth? final words on SEPA? e-Invoicing? Basel III? Mobile Payments? Security Infrastructures? Renminbi? My take is post crisis wheres the growth should be the mantra and other topics are value adds with specifics. Are banks expecting more M&As post crisis, restruct...

19 July 2011 /payments /sibos

Siddharth Udani Client Partner at Consulting

Payments - Reduced Costs but did you Increase Revenue?

We have seen, heard and acted a lot in the Payments space over last few years either to comply with new regulations like SEPA or to consolidate Payments Systems to reduce costs. Covering the obvious to 'reduce costs' and comply with EU regulations, banks are still not targeting enough to increase revenues in payments processing. Definitely regul

23 May 2011 /payments /wholesale

Retired Member 

Start it and the users will come.

The last few years have seen many changes in the banking world, but we’ve recently experienced a new effect of the financial crisis; starting a project before the user community is in place. Not only did this regulatory-driven project have continuously changing requirements and parameters, but the extreme circumstances meant that various aspects o...

10 September 2010