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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.
Inversion of Control: Don't call us, we'll call you. Remember when you were a child, going on a long trip with your parents. Remember the frustration; “Are we there yet?”, “Are we there yet?” Now, as
We are currently doing some domain driven design to understand our primary business domains and identify the appropriate core APIs required. This is an exciting yet daunting time - some domains look
A Mckinsey study states that ‘manufacturing’, the primary industry for a bank’s financing and lending business now generates about 53% of industry revenues and 35% of profits with an ROE of 4.4%. On t...
People’s interactions with their banks have undergone an extraordinary transformation. From the emergence of app-only challengers such as Monzo to the evolution of physical branches, technology has dr...
Through the ages, the story of David and Goliath has been told countless times. The archetypal tale of an underdog’s triumph, it is the perfect example of how preparation and agility can overcome shee...
The use of application programming interfaces (APIs) is presenting a world of possibilities to financial institutions. They enable the flow of information between applications and gives institutions t...
In an earlier article entitled “The unquenched longing for a transformed KYC-AML solution” I had talked about the key challenges that financial institutions (FIs) have been facing with regards to the...
As per the United Nations Office on Drugs and Crime (UNODC) estimate, each year, across the globe, the value of money that is laundered equate to 2 - 5% of the global GDP. In absolute term, this amou...
The argument about if Fintechs and Banks are frenemies would never end. And it’s justifiably so. Retail banks have a model of providing checking, savings, investment account services. Of course, they...
Economics can teach us a few lessons in our approach to technology set-up. From an economic perspective there is a lot of risk in being a producer. It requires commitment to fixed infrastructure — buy...
Despite their fragmentation, challenger banks remain united in their need for operational agility. The term ‘challenger banks’ is fast becoming a misnomer, such is the level of diversity displayed by ...
Maurizio Canton, CTO EMEA, TIBCO Software As PSD2 drives the compulsory introduction of open APIs in banks, now is the time to go beyond compliance to achieving digital goals. Application Programmin...