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.

Michael D'onofrio CEO at Orbus Software

Combatting Mounting Technical Debt: A Guide for Banking and Finance Enterprises

As we have witnessed in the last 18 months, it is impossible to foresee what technologies a company will need in the future. The pandemic is a testament to this, as the world saw digital transformation happen at a rate never seen before. With a drastic rise in digital banking, the financial industry was one of the most prominent sectors to experie...

01 February 2022 /cloud /inclusion

Ankur Rawat Director – Banking Products and Solutions at Newgen Software

Building Digital Trust for Customer Longevity: What’s the Secret Sauce?

by Ankur Rawat, Director of Banking Products and Solutions at Newgen It is no secret that trust is one of the pillars of customer relationships for organizations. But, how critical is it? According to a recent Deloitte Digital survey[1], while rational factors play a key role at the beginning and end of relationships, it is the emotional factors t...

18 January 2022 /regulation /devops

Retired Member 

Vital Neobank Integrations

Integrating third-party services makes it possible to quickly add features and tools to a neobank solution while developing the same functionality on your own could take months. If you want to add value to your neobank solution, extend its functionality, and ensure a seamless and consistent banking experience for users, consider integrating third-...

13 October 2021 /payments /retail

Retired Member 

Low Code Techniques And Open APIs Can Unlock Payments Processing

This week, I read an interesting paper from Newgen Software about the application of “low-code thinking” to their business process automation domain. The paper highlighted the critical need for speed in a modern enterprise in order to respond to strategic and competitive threats. It suggests that the speed with which an organisation gets from a st...

14 January 2021 /payments /retail

Retired Member 

Reliability, Scalability and Availability - The Architectural Pillars Of Payments Solutions

"In 2008 the hubris of the financial sector that we serve finally caught up with itself. Mountains of consumer debt that had been packaged, re-sold and deferred turned out to be unserviceable and the whole edifice came tumbling down." I wrote this in a blog sometime ago - it is still true! Now commentators are wondering whether the cyc...

14 December 2020 /payments /cloud

Chandra Shekaran Senior Payments Practitioner, Cards and Payments at Tata Consultancy Services

Core Payments Modernisation: Managing the Speed of Change to Ever-Growing Complexity and Demands

The payments industry has been in a state of flux for more than a decade. The confluence of changes mandated by the various industry initiatives, growing list of client demands, and the competitive landscape has not only set the foundation for disruptive and inclusive innovation but also increased the complexity of the platforms that support the m...

31 August 2020 /payments

Lyndon Hedderly Director, Customer Solutions at Confluent

What can financial services learn from Big Tech? Adopt a similar approach to data architecture

Many tech stocks continue their meteoric rise, despite the worsening economic downturn. On Wednesday this week Apple became Wall Street's first $2tn company. In my last Finextra article I mentioned that Apple, along with the other big four, Microsoft, Amazon, Google and Facebook, now make up a quarter of the S&P 500. We are seeing new investm...

24 August 2020 /retail /cloud

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Low- and No-code platforms - Will IT developers soon be out of a job?

“The future of coding is no coding at all” - Chris Wanstrath (CEO at GitHub). Mid May I posted a blog on RPA (Robotic Process Automation - https://bankloch.blogspot.com/2020/05/rpa-miracle-solution-for-incumbent.html) on how this technology, promises the world to companies. A very similar story is found with low- and no-code platforms, which also ...

12 July 2020 /devops

Hans Tesselaar Executive Director at BIAN

Strength in Numbers

The famous basketball player, Michael Jordan once said: "Talent wins games, but teamwork and intelligence win championships." In team sports, collaboration and teamwork play a deciding role in success or failure. When it comes to banking, however, it seems to be that collaboration will be its downfall. Retail banks compete against one an...

09 June 2020 /retail /wholesale

Joris Lochy Product Manager at Intix | Co-founder at Capilever

RPA - The miracle solution for incumbent banks to bridge the automation gap with neo-banks?

Hypes and marketing buzz words are strongly present in the IT landscape. Often these are existing concepts, which have evolved technologically and are then renamed to a new term, as if it were a brand new technology or concept. If you want to understand and assess these new trends, it is important to reduce the concepts to their essence and compare...

18 May 2020 /devops