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 

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

Iosif Itkin CEO at Exactpro

Random thoughts about a recent computer glitch that hit TSX

Most financial systems are designed to handle outages in one or another way. However, even if redundancy is incorporated into the system’s architecture it is not uncommon to see that insufficient attention is paid to actually verifying that it will work out. In our practice, we have encountered situations when no more than eight hours (a single wo...

22 December 2008

Siddharth Udani Client Partner at Consulting

banco-de-future

Singing the latest buzz words with Credit Crunch, Compliance Checks, it definitely time for banks to be cutting costs especially after writing off almost $148 billion dollars. So with coming years in cost cutting, all our astonishing skyscrapers would be gone, trains less crowded and bars getting dry. All those freaky high paying Investment banke...

10 September 2008

Siddharth Udani Client Partner at Consulting

Go Green - Less Paper with Less Cash.. all Online or Card?!

With most of the population in developed world using Internet, if banks can lure them to use Internet banking and plastic cards would Paper Cash cease to exist in coming decade? Imagine terms like Dollar, Pound, Euro just in books and there is no actual currency!! Has all these central banks reduced their Currency printing forecast? So less paper...

02 September 2008

Siddharth Udani Client Partner at Consulting

Configure Vs Code Are we into 6GL?

Banks are trying to modernize thier systems by rolling out newer programmes or business changes and considering business services with SOA. By SOA, whether we talk about creating web-services or introducing fancy middle-wares, banks are inevitably moving towards application consolidations with business process automation as their key objective. In...

28 August 2008 /payments