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 

Cashless society and legacy technology; a perfect storm.

In response to the recently published article by The Guardian , “UK cash system ‘on the verge of collapse’, report finds” - a writeup of an independent report called the Access to Cash Review - it is worth emphasising we may be heading toward something far worse when it comes to making payments. At our current trajectory, we may be heading toward...

13 March 2019 /payments

Retired Member 

What event are you waiting for?

In one of my previous articles, the Hollywood Principle, I introduced the concept of an event-driven architecture. This is a popular distributed asynchronous architecture pattern used to produce highly scalable applications. It is underpinned by asynchronous messaging and often implemented using the Publish and Subscribe (PubSub) pattern. The pre

14 December 2018 /devops

Retired Member 

Five DevOps trends for 2019

DevOps as an approach to software development has become widely established over the last nine years. Bringing the development and IT operations functions together has brought many benefits in the form of better communication and increased collaboration and we’ve seen a range of new tools and disciplines emerging to support the movement. Looking a...

12 December 2018 /devops

René Haeberlin Client Director at ServiceNow

Legacy systems are a pain in the bank

Banks today are no strangers to wake-up calls. They come thick and fast in trade journals. They frame the digital transformation discussion. They resonate with traditional banks, especially when they're delivered by FinTech companies. Here's one you might consider controversial, to say the least: “The lack of competence in banking is sometimes o...

26 October 2018

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