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.

Sergio Barbosa CIO of Global Kinetic, and CEO of FutureBank. at Global Kinetic and FutureBank

Innovation doesn’t have to become collateral damage to FI legacy system budgets

Technology investment has continued apace and, according to Gartner, IT spending in the banking and investment services market is forecast to increase by 8.7% in 2024 and is expected to reach $1 trillion by 2028. But even with all this money being thrown at IT, many Financial Institutions (FIs) are still unable to deliver the innovation they need...

59 mins /payments /retail

Vishnu Prasad R Lead Enterprise Architect at Tata Consultancy Services

Revolutionizing Financial Services with Cutting-Edge EA Trends and Tools

Drawing on my experience as an enterprise architect in the BFSI sector over the past few years witnessed firsthand dramatic evolution of enterprise architecture (EA) and its increasing importance in driving strategic initiatives. This article throw light on the latest trends in the space of (EA) Enterprise Architecture, underscores the pivotal ro

04 July 2024 /retail /sustainable

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

Trade-offs Are Inevitable in Software Delivery - Remember the CAP Theorem

In the world of financial services, the integrity of data systems is fundamentally reliant on non-functional requirements (NFRs) such as reliability and security. Despite their importance, NFRs often receive secondary consideration during project scoping, typically being reduced to a generic checklist aimed more at compliance than at genuine funct...

29 April 2024 /devops

Retired Member 

Navigating the Future of Cross-Border Payments: Innovations and Challenges

In an increasingly interconnected global economy, cross-border payments play a crucial role in facilitating international trade, commerce, and financial transactions. However, traditional cross-border payment systems have long been plagued by inefficiencies, high costs, and lengthy processing times. In recent years, technological advancements and ...

15 February 2024 /payments /wholesale

Santosh Radhakrishnan Chief Commercial Officer at XYB by Monese

No 5. The Challenges of Core Banking Replacement

As we highlighted in the Evolution of Banking, the technology landscape has evolved over time. Each change has brought new capabilities that were not possible with previous versions. At the same time, memory and storage capacity have become cheaper and much larger. To give an idea of how dramatic this change has been, consider that 1TB of storage ...

05 February 2024 /retail /devops

Santosh Radhakrishnan Chief Commercial Officer at XYB by Monese

No 1. Unveiling Coreless Banking - The Future of Banking.

Over the next few weeks, I will provide a definitive guide to the next evolution of banking technology – Coreless Banking. Amid a period of unprecedented digital and technological transformation, fast-changing consumer, business and market demands, and regulatory challenges, banks face a dilemma. At the heart of any bank sit several core banking s...

09 January 2024 /payments /retail

Darcy Sullivan Vice President, Communications at FICO

Measuring Success when Improving Your Efficiency Ratio and Profitability

Bill Waid, FICO's chief product and technology officer, recently shared his insights into how banks can measure their success with their efficiency ratio and profitability. I'm sharing his insights below - let me know what you think! When you’re investing significant amounts of time and money into the biggest digital transformation programme the o...

05 January 2024 /retail

Yamen Bousrih Manager Business Expert at Vermeg

Embracing Non-Technical Involvement with LCNC Platforms in Financial Digital Projects

"War is too serious to keep it between the hands of military generals." These were the profound words spoken by Georges Clemenceau, also known as "The Tiger," former head of the French government. Interestingly, these words can be extrapolated to the world of digital projects within the financial sector, suggesting that such pr...

07 September 2023 /devops

Dieter Halfar Partner at Elixirr

Why digital transformation risks becoming a broken promise for financial services companies

A successful digital transformation strategy should establish an advantage over competitors while improving consumer experience and reducing costs through technology. However, when it comes to implementing digital transformation, banks and financial services are falling behind. Despite one of the more positive, lasting legacies of the pandemic be...

03 August 2023 /payments

Karen Shidlo CMO at Fiat24 (SR Saphirstein AG)

Banking Reimagined on the Blockchain

Of all the Web2 applications, services and products being reimagined in a decentralized, Web3-ready way, perhaps banking (and e-banking) is one that makes the most sense. Given that a core tool of Web3 is cryptocurrencies, looking at how we can redefine the way we pay, get paid, invest, and handle our assets in general, just makes a whole lot of s...

04 July 2023 /payments /retail