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.

Steve Wilcockson Product Marketing at Quantexa

The Cloud Paradox, and Four Ways Financial Services Firms Can Solve It

Nowhere is cloud use being more dynamically adopted at the moment than in finance - just ask any cloud vendor, from hyperscaler to cloud service provider to SaaS provider, about how strategically important the sector is to them and their current growth. Big, massive, deals in financial services offer huge prestige when successful. Financial serv...

12 January 2023 /cloud /markets

Muhammad Faizan Siddiqui Head of Strategy at Wavetec

Unlocking the Potential of SaaS: Avoiding Common Pitfalls

SaaS (Software-as-a-Service) providers offer a convenient solution for businesses looking to outsource the operations and maintenance of their internal software without incurring the overhead or risk of developing or supporting custom software. The SaaS industry is expanding rapidly, with new providers and services emerging daily. However, before ...

05 December 2022 /cloud /devops

Retired Member 

Where next for banks on their rock-strewn cloud journey?

The banking sector was not quick to take the cloud model to its heart. A combination of heavy investment in legacy systems and an in-built cultural reticence around letting go of on-premises control may have been to blame. But those early faltering phases on the cloud journey are now over, largely due to a change in the risk appetite from CISO’s. ...

18 October 2022 /cloud /devops

Reghunathan Sukumara Pillai Consultant at Infosys

Redesigning the concept of Core Banking

When Core Banking solution (CBS) was designed in the late1990’s, it was engineered to connect to the different branches of the bank using a central database and ensure proper accounting to generate the General Ledger. It removed the huge ledgers in the Bank where manual posting was done by staff and eliminated the branch-based accounting software...

26 September 2022 /markets

Muhammad Faizan Siddiqui Head of Strategy at Wavetec

Why Should You Adopt API-first? A Brief Account.

Even though the “godfathers” of programming—Maurice Wilkes, David Wheeler, and Stanley Gill—introduced APIs in the late ’40s, and Salesforce, Facebook, Google, and others also began making feature-rich APIs available to third parties in the mid-’00s. Still, code-first development has long been the norm. But, the API-first approach started gaining ...

17 September 2022 /cloud /devops

Toine Van Beusekom Strategy Director at Icon Solutions

Future-proof payments infrastructure: The role of agent banks in the quest for modernisation

The shift to a ‘marketplace’ model, rise of fintech companies and arrival of new players in the payments value chain have had a profound impact on market dynamics within the financial services sector. In response, banks must reconsider how payments infrastructure fits within their long-term strategy. The rapid transformation of the payments indust...

16 August 2022 /payments /regulation

Muhammad Faizan Siddiqui Head of Strategy at Wavetec

How to Select the Best Open-source Software for Your Product Stack?

Businesses are increasingly adopting open-source software. As a result, it is predicted to become a $50 billion market by 2026. The thriving open-source community is releasing the software and its source code to the public, allowing anyone to use, modify and distribute the software under a license agreement. Problem in the Selection Process Open-s...

03 August 2022 /devops /startups

Atul Verma Senior Payments Architect at Icon Solutions

Building Operational Resiliency in Payments

Although IT resiliency has long been a common theme and practice for financial institutions, the rapid digitalisation of financial services is underscoring its importance. Over time, the financial system has become progressively more connected and in turn the risk of operational disruption more acute. As a result of threats to financial stability, ...

18 July 2022 /payments

Retired Member 

Why banking infrastructure is broken blog #4 – how will the fabric of money change?

The increasing digitalisation of our world is impacting all of our everyday lives - and money is no exception. At its core, what money is and its capabilities are. We’re seeing government, big tech, traditional banks, fintechs and crypto firms exploring and harnessing the potential of CBDCs, stablecoins and other forms of digital money that rely on...

19 May 2022 /wholesale

Retired Member 

How to be a platform-based financial organisation

Written by Blair Walker, Product & Strategy, Waracle ‘Platform’ is such a non-descript word to be used to describe an innovative approach for technologically enabled businesses…but it seems to fit, so let’s unpack the use of the word prior to getting into the competitive advantage that platforms can create. A ‘platform’ as stated in the Collins...

13 May 2022 /cloud /devops