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...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

Retired Member 

McKinsey say 90 percent of cost reduction programs fail

According to McKinsey: many cost-reduction programs are "illusory, short lived, and at times damaging to long-term value creation". Their research concludes that only 10% of cost reduction programs show sustained results three years later. Yes, you read that right: 90% of cost reduction programs fail. Read this blog to find the full Mc...

14 August 2010 /regulation /retail

Iosif Itkin CEO at Exactpro

Cinnober on latency

Cinnober just announced the publication of an in-depth whitepaper on latency on their web site: http://www.cinnober.com/files/A_Cinnober_whitepaper_on_latency_1.pdf The paper contains a much more detailed explanation for the items discussed in my previous post. Taking into account that the figure (286 mks for door-to-door and 138 mks for busin...

22 October 2009

John Cant Managing Director at MPI Europe Ltd

Quants plead not to be ruled out of risk management equation

Taking my daily dose of FT online, I was struck by the article entitled Count us in, maths experts tell regulator which, in summary, seems to boil down to the agreement by both Lord Turner and financial mathematicians (aka "quants") that maths is a very powerful tool if used properly by people who understand the business they are modell...

10 June 2009 /regulation /wholesale

Retired Member 

Banks and Google wave: whats in it for a common user ?

I watched the google wave developers demo on friday since i was curious about its potential. It has already created waves on the internet and is currently being talked about as the next big thing coming from google. Google wave is a communication protocol built on the principles and architecture of operational transformation. It is a client and se...

03 June 2009 /wholesale

Siddharth Udani Client Partner at Consulting

Banks choose technology or solutions?

It’s rather a very interesting debate whether banks choose the 'right' solution or a solution thats 'fits' their technology landscape. Though most of the Requirements are driven out of business change, how much of influence does business have on technology solutions? And whether do they actually care? With banks getting global and larger, there ha...

28 April 2009 /payments /retail

John Cant Managing Director at MPI Europe Ltd

Learning lessons from Murphy at 60

If Murphy’s Law didn’t already exist, they would have had to invent it to help explain what has happened to the financial sector over the past six months or so. Over the years there have been many proverbs or sayings predicting the inevitability of disasters. However, it fell to one Edward Aloysius Murphy Jr. around 1949, whilst working on a serie...

19 January 2009 /regulation /wholesale