Latest articles from Technology

Packaged for convenience

April 5, 2004

Core banking system replacement is risky and complex but is an increasingly likely scenario for banks. Like their smaller peers, larger institutions may need to opt for packaged solutions to keep costs and time-to-market down.

One-stop mentality drives consolidation

March 3, 2004

The desire to source technology solutions from one vendor rather than several is on the rise among banks and this is helping to feed an M&A trend, believes Jim Wilson, president of the international division at Fidelity Information Services. Interview by Michael Imeson.
It is not so much an acquisition trail as a voyage of conquest. Fidelity National Financial (FNF), number 326 in the Fortune 500, has picked up five US banking technology companies in the past 12 months and is on the look out for more.

Two way street

March 3, 2004

A potential trade spat between the US and Indian governments could threaten the bright future of offshore outsourcing, says Kala Rao.

SWIFT cannot afford to be slow

March 3, 2004

Banks’ transition to SWIFTNet may lead to SWIFT’s role being called into question as it could become just another software vendor competing with others. It will have to change its culture quickly if it wants to survive, says Chris Skinner.

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.

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