20 October 2014

Fundtech Financial Messaging

Paul Fileman - Fundtech Financial Messaging Ltd

7 | posts 33,761 | views 2 | comments

Treasury Technology

This network brings together treasury and financial professionals, along with technology executives, who share a common interest in the technology that supports the corporate treasury function.

Good Judgement Comes from Experience

24 October 2011  |  3503 views  |  0

Good judgement comes from experience. Experience comes from bad judgement

When the business environment is changing very quickly, or when we are under pressure, one of the easiest mistakes to make is that of jumping to a conclusion based on “Judgement” – and then looking for the evidence to justify the decisions made. Anybody who has read a history of national secret services will find examples of simple deceptions which exploit this human characteristic.

Most organisations have recognised this human failing and have policies and procedures in place that ensure decisions are made based on facts and data.

However, there are two important factors which we need to keep remembering:

  1. Increased workload and associated pressures may be negating the benefits of changes in working practices.
  2. Memory is selective. It is only a matter of time before some of us start forgetting the reasons for these policies and procedures and, under presssure to "move things forward", start to make judgement based decisions when we should slow down a little and base decisions on facts and data.

 

TagsRisk & regulationPost-trade & ops

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Paul

Good Judgement Comes from Experience

24 October 2011  |  3503 views  |  0  |  Recommends 0 TagsRisk & regulationPost-trade & opsGroupTreasury Technology

Clouded Judgement?

18 November 2010  |  4697 views  |  0  |  Recommends 0 TagsPaymentsPost-trade & opsGroupSWIFT Matters

What the Dickens - Cratchit Automated Out of Sweatshop

08 April 2010  |  2877 views  |  0  |  Recommends 0

Mini-Outsourcing - small but perfectly formed

22 December 2009  |  5567 views  |  0  |  Recommends 0 TagsPaymentsPost-trade & ops

Seek Cost Reduction and You Shall Find Process Automation

26 August 2009  |  3374 views  |  0  |  Recommends 0 TagsPost-trade & opsSibos
name

Paul Fileman

job title

Marketing Manager

company name

Fundtech Financial Messaging Ltd

member since

2009

location

Nottingham

Summary profile See full profile »
Marketing and Sales Professional with Fundtech Financial Messaging - is a leading UK SWIFT Servic...

Paul's expertise

Paul's blog archive
2011 (1)2010 (2)2009 (4)

Who is commenting on Paul's posts