Latest opinions that Hans Tesselaar has shared on Finextra

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Hans Tesselaar

Executive Director

BIAN

Member since

03 Nov 2011

Location

Amsterdam

View Hans Tesselaar's full profile

Hans's opinions

The importance of an industry model for central banks

The benefits of having a simple structure, easily navigable for both processors and humans in a bank’s architecture are a boon not only to each individual bank, but the bodies that oversee them as well. No matter what the good intentions and solid reasons behind a piece of regulation in the financial sector, there is always the risk it will be met ...

20 August 2013 /retail

Challenging the Channel

Banks are currently spending 45% of their IT budget on updating channels. This is according to a new whitepaper from Sudhir Varadarajan of software service provider, Tech Mahindra. This equates to spending approximately 3-4% of overall bank revenues on updating branches, ATMs, customer service centres and multi-channel integration, as well as onli...

08 August 2013 /regulation

Teaching old dogs new tricks

Once again the spotlight is on the UK’s banking industry and the need for greater competition. George Osborne used his annual Mansion House speech to renew his commitment to promote more competition in retail banking; while a report from the Parliamentary Commission on banking standards also came out this week, looking at the state of banking comp...

04 July 2013

Vendors and open IT standards: what's in it for them?

Much has been said of the benefits of open standards in banking IT. The introduction of open standards will reduce IT costs and improve banks’ flexibility to develop new and innovative products, which will generally improve bank competitiveness in an ever-changing market. It is increasingly accepted by the banking community then that banks have mu...

27 June 2013 /retail

SOA - a 'playlist' experience for financial services

I have written at length in the past about the growing importance of flexibility and efficiency in banking IT systems. As competition from emerging markets grows with the rising powers of Asian banks, combined with the increasing pressure from regulators, now, more than ever, European and North American banks need to be top of their game. It is w...

31 July 2012 /retail

Keeping up with banking regulators - there's an app for that

The past couple of years have proven to be a testing time for retail banks. Not only is customer trust and loyalty at an all time low, but the ecosystem itself is changing. Traditional banking practices are being questioned, with the regulators leading the charge. New regulatory demands, while necessary for the rebuild of the banking industry, p...

24 July 2012 /retail

Shaking off the shackles of outdated legacy systems

According to research released a few months ago by Infosys and Ovum, around three quarters of European banks are using outdated core systems. Given the great costs associated with core system renewal, this will come as no surprise to banking IT professionals. We should, however, be concerned at the survey's findings that suggest these systems are ...

12 July 2012 /retail

Asian banks must consider open IT standards

In Europe, the open standards movement is gaining momentum. It is increasingly accepted that standards collaboration increases organisational interoperability, ensuring that different systems can communicate effectively, while dramatically reducing IT spend on costly integration. In the Asian-Pacific region, however, we have yet to see this move...

30 May 2012 /retail

SOA: the easy way to structure M and A

Merger and acquisition activity in European retail banking is reviving, with talks beginning between La Caixa, the Catalan savings bank, and its smaller competitor, Banca Cívica. These talks have been described as the ‘second wave of Spanish banking consolidation’, following the acquisition of Unnim, the nationalised savings bank, by BBVA, Spain’...

03 May 2012 /regulation /retail

Pushing into Gartner's elusive top right magic quadrant?

Gartner’s International Retail Core Banking Magic Quadrant is used by many banks as a default shortlist for vendor selection in core system replacement. The coveted top right hand corner – the ‘leaders’ quadrant – is a battleground between the leading core banking technology providers: Infosys, Temenos, Misys, Callataÿ and Wouters and Fiserv, to n...

12 April 2012 /retail