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Location
Edinburgh
Member since
2005
Reads
Writes about
Payments Retail banking Cloud Financial inclusion

James's blog archive

2021 (2) 2020 (2) 2019 (3) 2018 (3) 2015 (1) 2014 (1) 2013 (1)
James Tomaney

James Tomaney

Chief Operating Officer at Renovite Technologies Inc
Message Message me Posts: 13 Comments: 16
Bio COO for an innovative software company building payments solutions for the 21st century Career History Q-ATM Ltd 2010-1017 FSS Technologies (interim) 2010-1012 Barclays Bank 2009-2010 Wincor Nixdorf 2006 - 2009 Level Four Software 2005 - 2006 ACI Worldwide 1997 - 2005

Blogs

Banking Architecture

Low Code Techniques And Open APIs Can Unlock Payments Processing

14 Jan 2021

This week, I read an interesting paper from Newgen Software about the application of “low-code thinking” to their business process automation domain. The paper highlighted the critical need for speed in a modern enterprise in order to respond to strategic and competitive threats. It suggests that the speed with which an organisation gets from a st...

The Payments Business

Payment Solution Architectures For The Post-Pandemic World

07 Jan 2021

The surge in electronic transaction volumes in 2020 was driven by the switch to contactless card payments and the increase in e-commerce, triggered by the behavioural changes of consumers faced with the COVID19 landscape. Sudden, unpredicted increases in transaction volumes frequently cause problems in the payments infrastructure. The perceived ...

Banking Architecture

Reliability, Scalability and Availability - The Architectural Pillars Of Payments Solutions

14 Dec 2020

"In 2008 the hubris of the financial sector that we serve finally caught up with itself. Mountains of consumer debt that had been packaged, re-sold and deferred turned out to be unserviceable and the whole edifice came tumbling down." I wrote this in a blog sometime ago - it is still true! Now commentators are wondering whether the cyc...

Payments strategies 2015-2020-2030

Today’s Payments Solutions Market: A Personal Perspective

07 Dec 2020

The payments industry is experiencing significant disruption because of rapid technological change, increasingly diverse consumer demands, and new entrants all competing for the consumer’s loyalties. Payments organisations are generally responding to this competitive landscape through one of two investment strategies: To remain locked in an expen...

See all James's blogs

James is Commenting on

Future-proofing payments technology with cloud migration

  Andrew Smith - good point about the HSM support.  This was an early inhibitor to our deployment of cards infrastrcuture in the cloud.  Both MyHSM and Virtucrypt have solved that problem for the self-service and cards payments channels. The underyling hardware of those cloud-based HSM services is Thales and Futurex. This is the same hardware used in immediate payments schemes, so I suspect that this barrier will be eliminated soon.

22 Feb 2021 Reply Read article

Future-proofing payments technology with cloud migration

  An interesting paper from Finextra and Global Payments. Key take-aways: cloud-native architectures key to cloud-migration; machine learning usage across the end-to-end payments chain to constantly improve service; API-centric architectures key to rapid extensibility expected in the 21st century.  All key attributes in the Reno-Cloud suite which is the leading cloud-native product for cards payments and slef-service processing.

11 Jan 2021 Reply Read article

Payments have become tech arms race say banks

  This seems to echo the points I made in my Finextra blog post yesterday. There is a way for Banks to “catch up” - but it is not by asking your legacy provider to “patch up” your legacy platform.

08 Dec 2020 Reply Read article

Facts speak for themselves: a lack of innovation in financial services is failing society

  I'd agree @Melvin Haskins. A shared branch concept is possible by using the same open minded approach to deploying modern technology and innovative processes (rather than simply trying to shoe-horn 4 or 5 existing branch models into a single location)

12 Dec 2018 Reply Read article