Finextra community home

Pauline Parker - Rule Financial - London | 15/08/2012 | 1597 views

Earlier this month Intellect published a report that, “calls on financial regulators to force banks to upgrade their legacy IT systems, or risk future financial crises and systems failures”. Among the contributors to the report were 150 technology suppliers to financial services, which brings some level of doubt to the findings. However...

Pauline Parker - Rule Financial - London | 11/07/2012 | 3000 views

You get what you pay for

Clients and suppliers need strong complementary capabilities to make IT outsourcing relationships successful. Extensive studies have shown this to be a fact. The offshore factory with the cheapest service model doesn’t normally provide the best results.There is little need to acknowledge how difficult the current economic situation is at pres... Tags: Risk & regulation, Wholesale banking

Pauline Parker - Rule Financial - London | 19/06/2012 | 1303 views

When managing legacy banking technology...boutique is best!

In 2010, Cranfield University published some research which categorised ‘rationalisation and outsourcing services’ into four broad categories; boutique, shop, factory and mall. A boutique service tends to be highly customised, have a longer duration and be specific to a particular process. There is an expectation that the service ...