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Ed Daniel

Senior Consultant, getting old you know ;-)
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Followed by John Sims, Martha Boyle and 5 others you follow

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Senior Consultant, getting old you know ;-)
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Latest opinions

Ed Daniel

How many Ts is that?

Noting the news last night it's not a great time to be associated with banking and as such the professional community will seek solace amongst its members. So, during this period of kinship and support perhaps some managers will study how the renewed trust in peers and colleagues can be put to good use. Transparency creates trust, trust facilitates...

26 March 2009 Futuristic Banking

Ed Daniel

UK Banking Retail OPEN API

This has been on my mind a lot recently, mainly out of frustration with using my bank's web sites as they don't support Firefox very well. More so, my bank and credit card providers especially are a total pain in the butt when it comes to working out which cookies and javascripts to enable for their various domains - this becomes a total headache...

16 February 2009 Futuristic Banking

Ed Daniel

Dunbar's 150

It is not surprising that after a mad rush to follow the crowd, catalysed by Facebook publishing their API (a strategy that allowed 3rd party developers to build applications that could leverage the platform and be used by Facebook members thus increasing value of the underlying service) that the steam would run out of this engine. What continues...

28 February 2008 Futuristic Banking

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Latest comments

BoE exec warns of AI job threat

About time BoE is getting this conversation out in the open. It's been a long time coming though, we had "Lights in the Tunnel" then a couple of economists took note and published their thinking on this including Roubini's tweet in 2014 https://twitter.com/nouriel/status/543413556675219456 , let alone Jeremy Rifkin's 'Zero Marginal Cost Society' (which talked about the 3rd revolution, before Germany decided they wanted to call it the 4th, lol) and I'd direct everyone to the prez given by David Autor at the ECB meeting last year: https://www.nytimes.com/2017/06/28/business/economy/ecb-automation-robotics-economy-jobs.html?emc=edit_th_20170629&nl=todaysheadlines&nlid=5161799

FWIW, you could consider AI/ML are just another facet of automation in general that is changing the landscape of tomorrow's workforce and opportunities.

21 Aug 2018 10:36 Read comment

Open Banking APIs: Are They As Useful As An Ashtray On A Motorbike?

+1 on sharing your experiiences here and setting up the LinkedIn group.

19 Oct 2017 06:48 Read comment

Bank chiefs frightened by cyber risks - PwC

I think an appropriate analogy one might care to use could be taken from history... back when we had bank heists one of the key advantages was a) surprise (no change there) and b) speed of getaway.

Lets look at b) first... banks are so slow when it comes to security hardening it's become a farce, when you compare the speed of modern ecommerce sites under a devops culture that can roll out new code across clusters of production servers worldwide effortlessly you get to see why banks are at the mercy of their legacy investments.

In terms of a) you need to check how many banks actually operate real CERT teams rather than pass the buck and outsource this to 3rd parties. More so, the fact they are so used to 'not sharing' they are making the job even easier for criminals by not pooling the knowledge of shared logs to help identify potential APTs.

They have only themselves to blame, though as one person once reminded me regarding the InfoSec challenges in the porn industry with content leakage, they're making so much money they don't really care that much.

This is just brand damage and they will suffer dearly as more innovative bankers launch banks with technology that is up to date and benefitting from the fastest possible managmement and maintenance stragegies possible. Tomorrow, when you choose your bank you will also be choosing your technology as well, you just don't realise it yet.

A good start would be to send all the infra teams to a DevOpsDays conference, a cheap and worthwhile investment to help them 'get' what it means to do configuration management a la InfoSec in today's world. I'd also highly recommend Kris Buytaert and Martin Simons amongst others in our (DevOps) community who have already been advising banks ready to listen and evolve their antiquated practices.

18 Feb 2015 05:08 Read comment

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  • wholesale banking

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