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 

Contemporary Issues in building Solutions over European Banking APIs

This article is written on 5th June 2019 during API Days Finland Presentations highlighting the experience, issues, challenges of non-standard PSD2 and Open Banking APIs Published by various European Banks so far I have had at least 5 speaking engagements in last 2 years around the topics of sharing best practices of Banking API integrations & ...

06 June 2019

Konstantin Rabin Head of Marketing at Kontomatik

Brexit’s danger to bank bonds in EU and UK

We have all had it by discussing all of the issues that come with Brexit. There have been more delays in the final decision on Brexit than we can account for and, at this point, the people cannot help but wonder whether it even poes poses a risk to anyone anymore. Some seem to think that the Parliament will simply keep pushing the deadline away fo...

23 May 2019

Retired Member 

Why the financial industry needs to change tack and focus on the basics

IT spending is at an all time high; continuing to grow at a rapid rate, it’s estimated that $103 billion will be dished out in 2019. This may seem like a good thing, more spend on security automatically means better security, right? Unfortunately, this is not always the case, as while spend goes up, so too does the number of data breaches and comp...

02 April 2019 /security

Retired Member 

Cashless society and legacy technology; a perfect storm.

In response to the recently published article by The Guardian , “UK cash system ‘on the verge of collapse’, report finds” - a writeup of an independent report called the Access to Cash Review - it is worth emphasising we may be heading toward something far worse when it comes to making payments. At our current trajectory, we may be heading toward...

13 March 2019 /payments

Retired Member 

What event are you waiting for?

In one of my previous articles, the Hollywood Principle, I introduced the concept of an event-driven architecture. This is a popular distributed asynchronous architecture pattern used to produce highly scalable applications. It is underpinned by asynchronous messaging and often implemented using the Publish and Subscribe (PubSub) pattern. The pre

14 December 2018 /devops

Retired Member 

Five DevOps trends for 2019

DevOps as an approach to software development has become widely established over the last nine years. Bringing the development and IT operations functions together has brought many benefits in the form of better communication and increased collaboration and we’ve seen a range of new tools and disciplines emerging to support the movement. Looking a...

12 December 2018 /devops

René Haeberlin Client Director at ServiceNow

Legacy systems are a pain in the bank

Banks today are no strangers to wake-up calls. They come thick and fast in trade journals. They frame the digital transformation discussion. They resonate with traditional banks, especially when they're delivered by FinTech companies. Here's one you might consider controversial, to say the least: “The lack of competence in banking is sometimes o...

26 October 2018

Andrew Beatty Head of Wealth, Retirement & International at FIS

The Clean Slate approach to Banking

Both in life and in banking technology, few have the luxury to start over with a clean slate. Banks usually have to build upon the investments (and mistakes) of prior years. Banks built their entire business eco‑system around core banking solutions and technology that were designed, developed, and enhanced over the last 3 decades. These solutions ...

25 October 2018 /sibos /retail

Andrew Beatty Head of Wealth, Retirement & International at FIS

The Tortoise and The Hare: Digital Banking Transformation

This widely known fabled story can serve as an excellent primer for examining the pros and cons of seemingly opposing forces in a familiar format utilizing a compare and contrast context. There certainly have been several perspectives offered on the Why and How of the winner's result and the lessons to be learned and carried forward. From a tradit...

20 September 2018 /retail

Bob Lyddon Consultant at Lyddon Consulting Services

Another week at New Payment System Operator and another I cannot BELIEVE it moment or three

New Payment System Operator never fails to disappoint in terms of its governance and processes. Three Victor Meldrew moments in one week – that is a new record. Firstly we have an announcement that Louise Beaumont, a member of NPSO’s End User Advisory Council (“EUAC”), has taken on a role as Industry Advisor at the large Fintech Bottomline. That is...

14 September 2018 /payments