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.

Retired Member 

Navigating the Future of Cross-Border Payments: Innovations and Challenges

In an increasingly interconnected global economy, cross-border payments play a crucial role in facilitating international trade, commerce, and financial transactions. However, traditional cross-border payment systems have long been plagued by inefficiencies, high costs, and lengthy processing times. In recent years, technological advancements and ...

15 February 2024 /payments /wholesale

Santosh Radhakrishnan Chief Commercial Officer at XYB by Monese

No 5. The Challenges of Core Banking Replacement

As we highlighted in the Evolution of Banking, the technology landscape has evolved over time. Each change has brought new capabilities that were not possible with previous versions. At the same time, memory and storage capacity have become cheaper and much larger. To give an idea of how dramatic this change has been, consider that 1TB of storage ...

05 February 2024 /retail /devops

Santosh Radhakrishnan Chief Commercial Officer at XYB by Monese

No 1. Unveiling Coreless Banking - The Future of Banking.

Over the next few weeks, I will provide a definitive guide to the next evolution of banking technology – Coreless Banking. Amid a period of unprecedented digital and technological transformation, fast-changing consumer, business and market demands, and regulatory challenges, banks face a dilemma. At the heart of any bank sit several core banking s...

09 January 2024 /payments /retail

Darcy Sullivan Vice President, Communications at FICO

Measuring Success when Improving Your Efficiency Ratio and Profitability

Bill Waid, FICO's chief product and technology officer, recently shared his insights into how banks can measure their success with their efficiency ratio and profitability. I'm sharing his insights below - let me know what you think! When you’re investing significant amounts of time and money into the biggest digital transformation programme the o...

05 January 2024 /retail

Yamen Bousrih Manager Business Expert at Vermeg

Embracing Non-Technical Involvement with LCNC Platforms in Financial Digital Projects

"War is too serious to keep it between the hands of military generals." These were the profound words spoken by Georges Clemenceau, also known as "The Tiger," former head of the French government. Interestingly, these words can be extrapolated to the world of digital projects within the financial sector, suggesting that such pr...

07 September 2023 /devops

Dieter Halfar Partner at Elixirr

Why digital transformation risks becoming a broken promise for financial services companies

A successful digital transformation strategy should establish an advantage over competitors while improving consumer experience and reducing costs through technology. However, when it comes to implementing digital transformation, banks and financial services are falling behind. Despite one of the more positive, lasting legacies of the pandemic be...

03 August 2023 /payments

Karen Shidlo CMO at Fiat24 (SR Saphirstein AG)

Banking Reimagined on the Blockchain

Of all the Web2 applications, services and products being reimagined in a decentralized, Web3-ready way, perhaps banking (and e-banking) is one that makes the most sense. Given that a core tool of Web3 is cryptocurrencies, looking at how we can redefine the way we pay, get paid, invest, and handle our assets in general, just makes a whole lot of s...

04 July 2023 /payments /retail

Steven Rackham CTO for Financial Services at NetApp

Why now is the time to modernise mainframe data

‘Mainframe is dead!’ has long been a cry within the IT industry but the reality is, many organisations still rely heavily upon mainframes with data sitting on them around the 12EB (yes, exabyte) mark and growing at approximately 10-20% per year. This is especially true in financial services where still a lot of the ‘crown jewels’ are kept. Mainfram...

22 May 2023 /security /crime

John Schlesinger Chief Enterprise Architect at Temenos

Maximising Efficiency with Cloud and SaaS Banking Software

As one of the first 10,000 users of Netflix, I've been following their progress closely for more than a decade. Netflix was early to the streaming game and began building their data centers for not only the faster distribution of their content, rather than using the postal service but also to manufacture their content, rather than using DVD factor...

12 April 2023 /cloud /predictions

Steve Morgan Banking Industry Market Lead at Pegasystems

Modernising Cloud Based Banking Architectures

With a decade-plus of cloud-based services now under our belt, the technology has understandably evolved over time from lift and shift of applications to the cloud to cloud native deployments. The development of modern cloud technologies such as containers, microservice architectures and orchestration have all had implications relative to storage,...

22 March 2023 /cloud