Banking Architecture

A community for discussing the latest happenings in banking IT. Credit Crunch impacting Risk Systems overall, revamp of mortgage backed securities, payment transformations, include business, technology, data and systems architecture capturing IT trends, 'what to dos?' concerning design of systems.

Andrew Beatty Head of Wealth, Retirement & International at FIS

The Clean Slate approach to Banking

Both in life and in banking technology, few have the luxury to start over with a clean slate. Banks usually have to build upon the investments (and mistakes) of prior years. Banks built their entire business eco‑system around core banking solutions and technology that were designed, developed, and enhanced over the last 3 decades. These solutions ...

25 October 2018 /sibos /retail

Andrew Beatty Head of Wealth, Retirement & International at FIS

The Tortoise and The Hare: Digital Banking Transformation

This widely known fabled story can serve as an excellent primer for examining the pros and cons of seemingly opposing forces in a familiar format utilizing a compare and contrast context. There certainly have been several perspectives offered on the Why and How of the winner's result and the lessons to be learned and carried forward. From a tradit...

20 September 2018 /retail

Bob Lyddon Consultant at Lyddon Consulting Services

Another week at New Payment System Operator and another I cannot BELIEVE it moment or three

New Payment System Operator never fails to disappoint in terms of its governance and processes. Three Victor Meldrew moments in one week – that is a new record. Firstly we have an announcement that Louise Beaumont, a member of NPSO’s End User Advisory Council (“EUAC”), has taken on a role as Industry Advisor at the large Fintech Bottomline. That is...

14 September 2018 /payments

Retired Member 

Making Coffee - to explain APIs and Domains

I was invited to a meeting recently, to explain APIs and why they are important for our digital blueprint. I had no idea who the audience was nor their level of understanding of the basics of APIs. So, with no handy deck prepared for the meeting I entered the room, armed with my laptop full of previous presentations. I was introduced to the team

11 September 2018 /devops

Retired Member 

The Hollywood Principle

Inversion of Control: Don't call us, we'll call you. Remember when you were a child, going on a long trip with your parents. Remember the frustration; “Are we there yet?”, “Are we there yet?” Now, as an adult - imagine or remember your own frustration from being nagged! For both parties, this pattern is not ideal; children are frustrated with not

09 September 2018 /devops

Retired Member 

The Butterfly Effect

We are currently doing some domain driven design to understand our primary business domains and identify the appropriate core APIs required. This is an exciting yet daunting time - some domains look far too simple while others seem overly complex and almost impossible to model. One such domain is the payments domain. A few weeks ago, during one o

06 September 2018 /devops

Retired Member 

6 Strategies for Building a Platform Bank

A Mckinsey study states that ‘manufacturing’, the primary industry for a bank’s financing and lending business now generates about 53% of industry revenues and 35% of profits with an ROE of 4.4%. On the contrary, ‘distribution’ produces 47% of revenues and 65% of profits with an ROE of 20%. This changing nature of banking balance sheets is a refle...

04 June 2018

Retired Member 

Storefronting and the rise of window shopping in investment banking

People’s interactions with their banks have undergone an extraordinary transformation. From the emergence of app-only challengers such as Monzo to the evolution of physical branches, technology has dramatically changed the age-old relationship. However, compared to typical high street interactions, the investment banking landscape has always been ...

07 February 2018 /wholesale

Retired Member 

Digital transformation: a growing agenda for the financial services industry

Through the ages, the story of David and Goliath has been told countless times. The archetypal tale of an underdog’s triumph, it is the perfect example of how preparation and agility can overcome sheer size and strength. Embracing the Digital Era Using a digital‐first approach, start‐ups have been able to get going quickly, on a limited budget, and...

25 January 2018 /startups

Ben Goldin Founder and CEO at Plumery

APIs Are Changing Financial Services

The use of application programming interfaces (APIs) is presenting a world of possibilities to financial institutions. They enable the flow of information between applications and gives institutions the ability to easily access customer data, draw insights and create innovative products tailored to consumer, market and regulatory needs. For partne...

08 November 2017 /retail