Finextra community home

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.

Amir Halfon - MarkLogic - New York | 09/05/2013 | 1257 views

ACID, BASE and NoSQL

My last post talked about Enterprise NoSQL and ACID vs. BASE in the context of handling data variety. In this one I'd like to delve deeper into transactional, Enterprise NoSQL. Let's start by focusing on the main question: How can one guarantee cross-record ACID transactions in a horizontally-scalable, schema-agnostic database? The short answer ... Tags: Post-trade & ops, Innovation

Michael Bell - Restorepoint - Woking | 08/05/2013 | 1047 views | 1 comment

Network Outages Highlight Key Areas of Weakness

The proposed Regulation SCI (Systems Compliance and Integrity) from the SEC may require further strengthening, but principles such as mandatory testing of disaster recovery procedures would ensure that financial organisations recognise some of the key weaknesses in their system infrastructures. One of the examples of system failure cited by the ... Tags: Security, Risk & regulation

Chris Dutta - Piccadilly Group - London | 07/05/2013 | 920 views

NASA holds key to preventing future software failures

Over the past 18 months or so the number of high-profile software failures in our sector have been numerous; Tokyo Stock Exchange, RBS, ICAP, BATS, Knight, LCH Clearnet to name but a few! Only last week a system reconfiguration at CBOE resulted in the suspension of trading for several hours. Despite the enormous financial and reputational impact o... Tags: Trade execution, Risk & regulation

Miquel Febrer - GFT Group - Barcelona | 03/01/2013 | 2028 views

About Your Profit and Loss Platform - finally, How?

Dear Bank IT Manager, More than one year ago, I started the blog “About your P&L Platform”. During this time I have tried to explain the Dos and Don’ts, structuring my thoughts in a Six-W analysis: Who: I highlighted the importance of knowing in advance who the users of our platform will be. What: I wrote about the need to...

Martin Bailey - Temenos - Hemel Hempstead | 18/12/2012 | 2136 views

Up in smoke

When you're about 4 years of age, piggy in the middle is a fun game, but it kind of loses its lustre by the time you get to 5. At the tender age of 42, I don't ever want to play it ever again, but my bank seems to have different ideas. When my wife asked me to make a payment to her friend - no problem, I thought. I've paid her once already, so I a... Tags: Mobile & online, Payments