/devops

News and resources on devops, tools, platforms and APIs for developers and tech leaders in banks and fintechs worldwide.

Discussion
Why -you don’t get fired for buying IBM- is no longer true
Ketharaman Swaminathan

Ketharaman Swaminathan

  I've heard a different reasoning for "Nobody got fired for buying IBM". It has to do with integrity, not tech chops. IBM had several competitors who were equally competent as IBM. But, as the legend goes, IBM never used to bribe customers to win deals, unlike most of its competitors. Tech projects fail for a lot of reasons, including challenges on the customer-side. When customer bought from non-IBM, and the project failed, automatically aspersion would be cast that CIO took a bribe and CIO would get fired automatically without any post-mortem on whether CIO really took a bribe or not and investigation into other potential sources of project failure. Whereas, when customer bought from IBM, and the project failed, bribery was completely ruled out, CIO got the benefit of a "fair trial", and didn't get fired automatically. And that's still very much true in IT, where many projects still keep failing.
Don’t let spiralling cloud costs disrupt your fintech project
Ketharaman Swaminathan

Ketharaman Swaminathan

  Nice and well-meaning advice but, IMO, somewhat misdirected at Fintechs. Many Fintechs don't make revenues, almost all of them make whopping losses, still they enjoy frothy valuations - or did before the pandemic outbreak - because they have managed to chant the disruption mantra very well. While traditional FIs and, to a large extent Fincumbents, do need to be mindful about Cloud Infra Costs, I'm afraid this is the least of Fintech's concerns. Fintech Shouldn’t Stop Chanting The Disruption Mantra .
Building for transparency and sustainability in finance
Richard Peers

Richard Peers

  Thanks Ryan  Open Finance should be a great help with Sustainable Finance
The great insurance disappearing act: what is the industry’s role in an ecosystem economy?
Ketharaman Swaminathan

Ketharaman Swaminathan

  LOL after Banks, it's the turn of Insurance companies to be threatened with existential crisis unless they do x y z. Historically, aggregation model has worked only when the provider is small and the market is fragment e.g. Amazon Marketplace to a large extent and Uber, AirBnB, WeWork to a small extent. Aggregation model has been attempted in other industries where provider is medium to large and it has flopped. Where are the MoneyAisles and TransFS of the world, who tried to aggregate loans, credit card processors?   Fintechs have been threatening to disintermediate Banks since 10 years ago. That movie didn't have a happy ending. All of them are pivoting to become suppliers of technology to Banks, something which the IBMs, Fiservs, FISs and TCSs of the world have been doing for 50 years. And profitably and without surviving on VC funds, if I may add.  If Insurtechs follow the same foolhardy strategy as Neobanks / Fintechs, I predict that they will be ones who will become fineprint in insurance companies' supplier lists.
Devops Analysis
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On-Demand Webinar - Open Banking: Is attack the best form of defence?
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On-Demand Webinar - Open Banking: Is attack the best form of defence?

Large incumbent banks’ may find themselves caught between the necessity to hang onto their millions of customers and the desire to significantly expand their base through embracing new technology and regulation.

On-Demand Webinar - Leveraging Real-Time Data to Improve Efficiencies and Build Revenue Streams
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On-Demand Webinar - Leveraging Real-Time Data to Improve Efficiencies and Build Revenue Streams

The conversation around real time payments is without question dominated by speed and rails, and while this may make a logical introduction to appreciating the concept, it should be recognised as just that – an introduction, a taster, a snippet of what is to come as the industry evolves over the next five, 10 or 15 years.

On-Demand Webinar - How can Irish banking move from Open Banking to Open Finance?
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On-Demand Webinar - How can Irish banking move from Open Banking to Open Finance?

This webinar examines the opportunities for institutions in moving from Open Banking to Open Finance, building products and services that provide additional value to customers in assisting them with their financial wellbeing.