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My bank does not understand me. Is it not digital yet?
838
I have always maintained that ‘digital transformation’ percolates deeper than the layer of interface with customer, down to your core systems, the
Intraday Liquidity beyond Compliance
433
Regulatory focus on liquidity has started to move from Capital Ratio and EOD funding positions to very detailed monitoring of financial institutions’ Intraday Liquidity activities.
The Transformation Mantra or simply re-engineering
362
Guilty. I’m guilty and a little ashamed. So I’m sorry. Sorry if I got a little too carried away with the whole “transformation” mantra. If you attended a meeting with me recently and I was singing from the hymn book, I promise not to do it again. I...
What U.K. Can Teach about Aggregators
544
In the last 10 years or so, the single biggest development we have seen in U.K. personal auto insurance distribution is the phenomenal rise of aggregators – known otherwise as “price comparison websites.” Top aggregators in the U.K. marketplace such...
Online banking
2,180
BlockChain technology is in its infancy. There are a very broad set of investigations taking place to find the best use of BlockChain enabled processes and applications. Both the technology and their use cases have significant hurdles to overcome...
Robo-Advisory
493

Mar 31, 2016

Robo-Advisory: Growing opportunity.

Avinash Dave Global Practice Manager, Capital Markets Services, Financial Services

In near past Robo-Advisory has been one of the most searched moniker in the area of Wealth Management.
DevOps for Banking
1,307

Mar 31, 2016

Why DevOps is Important for Banks? - II

Santosh Kumar Head – Fintech innovation

This is in continuation to my previous blog on Why Devops is important for Banks
DevOps
1,051

Mar 31, 2016

Why DevOps is Important for Banks? - I

Santosh Kumar Head – Fintech innovation

The term 'DevOps' was originally coined by Patrick Debois and Andrew Shafer in 2008.
Online-Banking
281

Mar 31, 2016

Making Online Banking Accessible

Marc Barad Senior Principal

I was once asked by online product managers at a bank of innovative ways of increasing adoption of online banking usage.
Reg Tech
318

Apr 11, 2019

Investment Management - A New Framework

Kinsuk Mitra Director of Finance, Risk and Compliance

Once considered to be a safe haven from regulatory scrutiny, the investment management sector is now attracting increased political and regulatory attention due to its growing importance in society.
Disrupting
761
Traditionally seen as laggards in technology adoption and dismissed as “boring” and “conservative”, the insurance industry has shaken off its lethargy over the past decade.  This renaissance has picked up pace in recent years with innovators...
Automated Legal Trawl Platform
222

Jul 21, 2020

Automated Legal Trawl Platform - A Crucible for Digital Platform Innovation

Chinmaya Mishra Senior Technical Specialist, Digital & Analytics

IT innovators at Southeast Asian banks have steadily invested in digital platforms over the past decade or so. However, they grapple to embrace business approaches that can maximize the value of the ecosystem than just focusing on increasing...
Agile
1,436
Paresh Vankar writes on how practices of Agile and Scrum should be incorporated into Marketing. He emphasizes on the need for shorter sprints which can move the needle and deliver quick results.
The-New-Face-of-Regulatory-Response-Opportunity
252
The subject of financial services regulatory compliance is likely to elicit a number of responses ranging from yawning to fear.  It is very unlikely this subject will generate enthusiastic support for new opportunities, but the time has come...
financial services
894
The pace of digital change is about to accelerate exponentially, however, with the integration of AI, robotics, blockchain, open banking APIs and the internet of things. The smarter use of data, combination of non-financial and financial solutions,...
5 Fintech Trends to watch in 2016
1,773

Feb 29, 2016

5 FinTech trends to watch in 2016

Santosh Kumar Head – Fintech innovation

Financial Services are at the cusp of digital disruption. We might not be witnessing a 'revolution', but all the emerging trends and technologies are certainly proving that we are in the midst of an ‘evolution’.
Robo-Advisory
493

Mar 31, 2016

Robo-Advisory: Growing opportunity.

Avinash Dave Global Practice Manager, Capital Markets Services, Financial Services

In near past Robo-Advisory has been one of the most searched moniker in the area of Wealth Management.
financial inclusion
455
Financial inclusion is the ability to deliver basic financial services such as savings, payments, credit, and insurance to individuals and businesses in a manner that is affordable to them through policies, procedures, and tools that are sustainable...

Robo-Advisory: Growing opportunity.
Avinash Dave - Global Practice Manager, Capital Markets Services, Financial Services | March 31, 2016
493 Views

In near past Robo-Advisory has been one of the most searched moniker in the area of Wealth Management. There has been a continuous shift towards cost reduction, better client experience, long term planning, and the alternate investments; passive investments being one of them. Fast forward a few years to the present, and digital technology has gracefully transformed the way services are being offered in the investments and advisory areas; Robo-Advisors being one of them.


Why DevOps is Important for Banks? - II
Santosh Kumar - Senior sales director & Head – Fintech Innovation | March 31, 2016
1307 Views

This is in continuation to my previous blog on Why Devops is important for Banks

GETTING IT RIGHT​

  • Organizational Structure: Breaking down the cultural and organizational silos that have developed between the different parts of the business must be addressed, and requires a shift in mentality. One of the most important things is getting these teams to work together, not just speeding up the process; which is where the mindset comes in. DevOps is not an evolution, it is a revolution. Banks and their executives will have to change their mindsets to make this happen. CIOs must look at defining the future DevOps operating model by transforming into a lean and tightly knit organization focused on speed, quality and value delivered to the customer.
  • Right Infrastructure: Some of the big banks already have moved to a private cloud infrastructure. Moving to a private or a hybrid cloud infrastructure is a must for banks aspiring to be the innovative, digital bank of the future. Cost of operations is a critical success factor and this can be dramatically reduced by moving away from legacy infrastructures to a cloud infrastructure. This helps close down unwanted data centers and hardware such as servers and routers. Cloud infrastructure provides the right reliability and scalability required for DevOps to be operationalized within the bank
  • DevOps Framework: Banks should look at using a standardized DevOps framework. A typical framework should provide developers a capability to rapidly develop, test, and deploy their applications. The DevOps framework should include a Test Driven Development (TDD) framework, a Continuous Integration (CI) framework, and the Continuous Deployment (CD) framework. CIOs and CTOs need to decide on the tools they would like to go with each of these components. Integration of these frameworks with the user story prioritizing and tracking tools such as Jira, helps drive transparency across the projects
  • Automation: While one of the key features of DevOps framework is Automation, it is important to not to lose focus. Whether it is build, test, or deploy automation is one of the critical success factors. In the DevOps world, there has been an explosion of tools in release (Jenkins, Travis, and Teamcity), configuration management (Puppet, Chef, Ansible, and CFEngine), orchestration (Zookeeper, Noah, and Mesos), monitoring, virtualization, containerization (AWS, OpenStack, Vagrant, and Docker), and many more. While, as with Agile, it is incorrect to say a tool is 'a DevOps tool' in the sense that it will magically bring you DevOps; there are certainly specific tools being developed with the express goal of facilitating the above principles, methods, and practices, and a holistic understanding of DevOps should incorporate this layer.
  • Cross-functional Teams: A team of application-development, infrastructure-management, and operations professionals should be convened to streamline the ownership of stacks across the application-delivery pipeline. In the case of continuous delivery, for instance, a joint team would oversee all processes (and associated tools) relating to this development activity, such as application building, testing, and deployment; performance management and monitoring; and virtualization and configuration management. Previously, some of these components would be owned by different organizations. In the DevOps model, infrastructure teams have equal rights as that of a software-development team to participate and own the delivery of the product to market
  • Process: DevOps is absolutely compatible with Agile and is the logical continuation of the Agile journey that was started in 2001. We now know that the real definition of 'done' is not when development is done coding. Instead, code is only 'done' when it has been fully-tested and is operating in the production as designed. DevOps also benefits from the convergence of philosophical management movements, such as Lean Startup, Innovation Labs, Toyota Kata, etc.
  • Culture: Banks must create a culture that fosters two things: a) learning from customer insight and b) continual rapid experimentations, which require taking risks and learning from successes and failures. ​Learning through customer insight helps build empathy for the end customer/ consumer. This helps the team to appreciate and learn about the needs, goals, and motivations of the end customer/ consumer, which also helps financial institutions drive customer centricity within their organization. Rapid experimentation and risk taking ability helps create a culture of innovation within the organization. These are extremely critical and have to come top down. CIOs need to spend time thinking this through and help build a DevOps culture for delivery.
  • People over Process over Tools: If you get the right people in the room, give them the space to operate, and focus on clearing away impediments to their progress; you will be amazed to see the magic.

Why DevOps is Important for Banks? - I
Santosh Kumar - Senior sales director & Head – Fintech Innovation | March 31, 2016
1051 Views

The term 'DevOps' was originally coined by Patrick Debois and Andrew Shafer in 2008. It entered common usage in 2009 in the Velocity Conference community with the famous '10+ Deploys Per Day: Dev and Ops Cooperation at Flickr' presentation, given by John Allspaw and Paul Hammond.