Latest articles from Technology

The cost of compliance

March 3, 2004

TowerGroup estimates that total IT spending on compliance reporting in the global financial services industry will reach nearly $1bn in 2004 and should rise to $1.7bn in 2006.

Algorithmics talks up Linux

March 3, 2004

Linux is especially suited to processing intensive risk management, according to Algorithmics, the enterprise risk management solutions provider. Algorithmics now offers a distributed computing version of its flagship Algo Suite product, which uses its Mark-to-Future framework to leverage the computing power provided by a heterogeneous grid of machines running both the Linux and Solaris operating systems.

Barclays brings in new radar

March 3, 2004

As pressure for regulatory compliance continues, Barclays Capital, the investment banking division of Barclays Bank, has selected the raft radar solution, from Raft International, a credit risk and operational risk management provider, to assist in managing operational risk and complying with Basel II and Sarbanes-Oxley regulatory requirements.

Brain dead

March 3, 2004

Technology spend by financial institutions continues to rise despite an apparently poor track record of producing value for money. Parveen Bansal explains why success can only occur when technology, processes and people share the same goals and objectives.

No time for myths in a changing world

February 3, 2004

Mitchel Lenson, CIO for technology and operations at Deutsche Bank, tells Parveen Bansal that he sees his role as the “conscience” of the organisation when it comes to technology spending – forcing people to think more about the decisions they make.

It’s not broken, fix it anyway

February 3, 2004

Chief information officers’ attitude of not replacing core systems unless there is a problem is outmoded and will lead to banks losing customers in the digital decade, says Chris Skinner.

Innovation breeds satisfaction

February 3, 2004

Trusted relationships are the cornerstone of banking services. Customer needs for specialised financial advice, tailored credit and widespread collection points are boosting the role of bank branches. The younger generation, however, has grown up with electronic devices at their fingertips, and their dynamic lifestyles demand real-time, anywhere access. Therefore, remote distribution channels (for example, the internet, call centres and new generations of wireless services) are extending the more traditional banking services capabilities.

SunGard offers brand mix

February 3, 2004

SunGard is changing direction, with plans to launch an integrated systems platform that will allow clients to mix and match its products, Frances Maguire reports.

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