Profile

Location

Geneva

Member since

2006

Nicholas Hacking

Director at ERI Bancaire SA

Message Posts: 0 Comments: 8

Bio Director responsible for ERI's activities in relation to the OLYMPIC Banking System (sales, consultancy and support) in Asia, Middle East, UK and USA, and responsible for managing network of agents and distributors.

Nicholas is Commenting on

Digital Solutions for Wealth Management 2.0

A very interesting article, but it is not clear when it was written, as it seemed to have been published very recently, yet in the article refers to a much earlier date ("last Friday (the 20th of November)") of an unknown year. Nevertheless, much of what is said is still very valid.

30 Apr 2013 Reply Read article

Flexbility is killing

A very interesting comment. Of course flexibility is important, as each bank will tell you they are not exactly like the others and you need to be able to accomodate each bank's particular requirements, processes etc. But you also need to be able to limit the effect of scope creep by delivering a system which is as close as possible to the requirements of the target bank. This requires a vendor to have had considerable experience, preferably across multiple institutions in multiple geographies. But as for delaying decisions, that comes back to how a project is run and the involvement of the bank's own management team in making decisions or empowering and then pushing users to make decisions. It also needs experienced staff, preferably who know the product and not "just hired" juniors or temps from a consultancy firm, who can not only advise the users but also oush back when it looks as if scope creep is getting beyond the boundaries of what would be reasonable given the project, the budget and the desired timelines.

06 Feb 2013 Reply Read article

Private Banking 2.0

Private Banking is primarily about clients, and I think that the response to the issue raised also depends very much on the client profile. The elderly sheikh is not going to sit down with a PC or an iPad to look at his accounts and portfolio. He will summon the Private Banker to his palace. The entrepreneur on the other hand will want extensive digital access through multiple channels. The client who lives in certain countries of the world may not have internet access available of sufficient quality, or be afraid that using it he will be traced. He will want to physically review the portfolio with his Private Banker in a location which does not alert the suspicions of certain people or governments. The core system, and the channels which the bank make available (everything from meetings to digitally-based channels) need to be of sufficient variety to meet the different requirements of the different clilents (and keep up with them as those requirements change over time).

07 Apr 2011 Reply Read article

EUR 33m to reinvent the wheel...

Alan, How right you are! But not only at the very large, very public project level. It really does seem that so often banks have people choosing IT projects, and indeed then running them, who have no idea of what is happening in the market. Even if the bank employees don't have a view of what has happened and the large number of failed projects which are public knowledge, they could at least get some decent advise/advisors to help them.

16 Jun 2009 Reply Read article