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.

Sergio Barbosa CIO at Global Kinetic

Banking as a Service helps keep traditional banks relevant and competitive

When we first engage with traditional banks we often hear about the same challenges. Banks today are expected to compete against small, nimble fintechs on the one hand, while also fending off the growing competition from the megatech companies like Alibaba, Amazon and Google who are all rolling out their own financial service offerings. While they...

27 April 2022 /retail /devops

Retired Member 

Why banking infrastructure is broken blog #3 – who will run the payment rails of the future?

In this instalment of ‘Why banking infrastructure is broken’, we’ll take a look at payment rails. We’ll explore the issues with payment rails today, what needs to change and setting the right foundations for creating payment rails which are fit for purpose. Payments are the part of the banking system that people touch every day. This exchange of ...

13 April 2022 /wholesale

Retired Member 

Why banking infrastructure is broken blog #2: why banking infrastructure must change

As technology has evolved and opened up new possibilities for the way businesses and consumers interact with their financial service provider, neo banks, fintechs and increasingly non-financial brands have paved the way for innovation. However, much of this technology rests on traditional banking infrastructure, which is largely outdated and not fi...

06 April 2022 /wholesale

Michael D'onofrio CEO at Orbus Software

Clarity, Agility, Reliability, and Simplicity: 4-step guide for operational resilience

Is your business resilient? It’s a simple question, and many of us would like to answer with a simple yes. However, it’s the unfortunate case that many aren’t. Regulators are increasingly focusing on resiliency. These firms must ensure their businesses are able to prevent, adapt, and respond to any and all outside disruptions. This includes being a...

04 April 2022 /regulation /cloud

Retired Member 

An introduction to… Why banking infrastructure is broken

The rise of fintech is dramatically reshaping the financial services market. The emergence of new technologies and capabilities has bought about enormous change across the entire landscape, change that hasn’t occurred at such a rate for centuries. To date, this innovation has largely concentrated on the front-end user experience, including extensi...

29 March 2022 /wholesale

Retired Member 

Request to Pay: What is it and how close is the industry to adoption?

The concept of Request to Pay is simple. By enabling a secure messaging channel between biller and payer, it allows the biller to initiate a transaction and the payer to choose when – and how much – they pay. This is unlocking new flexible ways for money to move between people, organisations and businesses. But despite this undoubted potential, th...

22 March 2022 /payments /retail

Andrew Ducker Payments Consulting at Icon Solutions

Request to Pay – Where is the Industry Heading?

Request to Pay services – which allow payees to initiate requests for payments within a secure messaging channel – are creating opportunities for enhanced payment experiences. And a recent Icon survey of industry stakeholders, including global banks and payment service providers (PSPs), found that 71% recognise the potential. As attention turns to...

15 March 2022 /payments /retail

Paul Fermor UK Solutions Director at Software AG

Banking on context to unlock opportunity in financial services

The potential emergence from the Covid pandemic will require significant adjustment to challenging macro-economic conditions. In 2022, growth is unlikely to return to levels forecasted pre-pandemic. But the greatest challenge for financial services firms will be to maintain and enhance relationships with customers trying to adapt to their “new no...

04 February 2022 /covid-19

Michael D'onofrio CEO at Orbus Software

Combatting Mounting Technical Debt: A Guide for Banking and Finance Enterprises

As we have witnessed in the last 18 months, it is impossible to foresee what technologies a company will need in the future. The pandemic is a testament to this, as the world saw digital transformation happen at a rate never seen before. With a drastic rise in digital banking, the financial industry was one of the most prominent sectors to experie...

01 February 2022 /cloud /inclusion

Ankur Rawat Director – Banking Products and Solutions at Newgen Software

Building Digital Trust for Customer Longevity: What’s the Secret Sauce?

by Ankur Rawat, Director of Banking Products and Solutions at Newgen It is no secret that trust is one of the pillars of customer relationships for organizations. But, how critical is it? According to a recent Deloitte Digital survey[1], while rational factors play a key role at the beginning and end of relationships, it is the emotional factors t...

18 January 2022 /regulation /devops