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.

Atul Verma Senior Payments Architect at Icon Solutions

Building Operational Resiliency in Payments

Although IT resiliency has long been a common theme and practice for financial institutions, the rapid digitalisation of financial services is underscoring its importance. Over time, the financial system has become progressively more connected and in turn the risk of operational disruption more acute. As a result of threats to financial stability, ...

18 July 2022 /payments

Retired Member 

Why banking infrastructure is broken blog #4 – how will the fabric of money change?

The increasing digitalisation of our world is impacting all of our everyday lives - and money is no exception. At its core, what money is and its capabilities are. We’re seeing government, big tech, traditional banks, fintechs and crypto firms exploring and harnessing the potential of CBDCs, stablecoins and other forms of digital money that rely on...

19 May 2022 /wholesale

Retired Member 

How to be a platform-based financial organisation

Written by Blair Walker, Product & Strategy, Waracle ‘Platform’ is such a non-descript word to be used to describe an innovative approach for technologically enabled businesses…but it seems to fit, so let’s unpack the use of the word prior to getting into the competitive advantage that platforms can create. A ‘platform’ as stated in the Collins...

13 May 2022 /cloud /devops

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

Banking as a Service helps keep traditional banks relevant and competitive

When we first engage with traditional banks we often hear about the same challenges. Banks today are expected to compete against small, nimble fintechs on the one hand, while also fending off the growing competition from the megatech companies like Alibaba, Amazon and Google who are all rolling out their own financial service offerings. While they...

27 April 2022 /retail /devops

Retired Member 

Why banking infrastructure is broken blog #3 – who will run the payment rails of the future?

In this instalment of ‘Why banking infrastructure is broken’, we’ll take a look at payment rails. We’ll explore the issues with payment rails today, what needs to change and setting the right foundations for creating payment rails which are fit for purpose. Payments are the part of the banking system that people touch every day. This exchange of ...

13 April 2022 /wholesale

Retired Member 

Why banking infrastructure is broken blog #2: why banking infrastructure must change

As technology has evolved and opened up new possibilities for the way businesses and consumers interact with their financial service provider, neo banks, fintechs and increasingly non-financial brands have paved the way for innovation. However, much of this technology rests on traditional banking infrastructure, which is largely outdated and not fi...

06 April 2022 /wholesale

Michael D'onofrio CEO at Orbus Software

Clarity, Agility, Reliability, and Simplicity: 4-step guide for operational resilience

Is your business resilient? It’s a simple question, and many of us would like to answer with a simple yes. However, it’s the unfortunate case that many aren’t. Regulators are increasingly focusing on resiliency. These firms must ensure their businesses are able to prevent, adapt, and respond to any and all outside disruptions. This includes being a...

04 April 2022 /regulation /cloud

Retired Member 

An introduction to… Why banking infrastructure is broken

The rise of fintech is dramatically reshaping the financial services market. The emergence of new technologies and capabilities has bought about enormous change across the entire landscape, change that hasn’t occurred at such a rate for centuries. To date, this innovation has largely concentrated on the front-end user experience, including extensi...

29 March 2022 /wholesale

Retired Member 

Request to Pay: What is it and how close is the industry to adoption?

The concept of Request to Pay is simple. By enabling a secure messaging channel between biller and payer, it allows the biller to initiate a transaction and the payer to choose when – and how much – they pay. This is unlocking new flexible ways for money to move between people, organisations and businesses. But despite this undoubted potential, th...

22 March 2022 /payments /retail

Andrew Ducker Payments Consulting at Icon Solutions

Request to Pay – Where is the Industry Heading?

Request to Pay services – which allow payees to initiate requests for payments within a secure messaging channel – are creating opportunities for enhanced payment experiences. And a recent Icon survey of industry stakeholders, including global banks and payment service providers (PSPs), found that 71% recognise the potential. As attention turns to...

15 March 2022 /payments /retail