Latest articles from Dan Barnes

Banks use their connections

July 4, 2005

Applications can now be built from components that can be recycled and reused. Dan Barnes reports on how banks are reducing the need to design systems from scratch.
It seems that every three letter abbreviation – or TLA – heralds the next big thing (or NBT) in information communications technology (or ICT). The latest push from technology providers’ marketing departments is service-oriented architecture (SOA).

Tech strategies for Caixa Galicia’s big switch-over

July 4, 2005

To make the radical change from selling products to services, Jose Valino, CIO at Spanish savings bank Caixa Galicia, uses consultants wisely and co-operates with other banks on technology development. He tells Dan Barnes about bridging the gap between the business and IT departments and helping customers to understand the new systems.

RBC treads the integration path in its client-first strategy

June 6, 2005

The Royal Bank of Canada’s merging of its IT and operations departments for retail and wholesale business is already paying dividends, CIO Marty Lippert tells Dan Barnes.
Marty Lippert’s recent decision to merge IT and operations departments from the retail and investment wholesale sides together was driven by the need to execute. The overarching strategy is what Mr Lippert, CIO at Royal Bank of Canada (RBC), calls the “client first initiative”.

Learning the cost of stock lending

May 2, 2005

Regulators are beginning to take an interest in the number of cases in which stock lending is being inappropriately used to influence voting. But no-one wants regulatory involvement and education could be the key, Dan Barnes reports.

HSBC changes tack with new model of IT function

May 2, 2005

HSBC has transformed its technology provision into a shared services company that sells IT to the group’s departments.The intention is to increase cost transparency and increase control over IT, Fergie Williams, head of technology services Europe,tells Dan Barnes.

IT goes under the hammer

April 4, 2005

Strategic sourcing and procurement systems are paying off in terms of cost reduction and also in terms of good governance, which is essential for IT departments to avoid a repeat of the technology failures of the past, says Dan Barnes.

Custodians snatch share of European market

April 4, 2005

In a business that is not known for generating huge profits, where providers are under pressure to keep their costs down, custodians must ensure that their outsourcing models will be profitable in the long term. Dan Barnes explains how integration spells domination.
The race is on among custody providers in Europe to develop their outsourcing offerings ahead of the expected wave of demand from investment managers. Back and middle office functions are expected to be shipped out over the next three years.

Top tier must replace core systems or risk burn out

March 7, 2005

Tier 1 banks that do not replace core banking systems risk losing out to their competitors – especially in the emerging markets – and falling foul of the regulators. The process may be long and arduous but modular replacement can relieve the pain. Dan Barnes investigates.

The customer is the priority

March 7, 2005

Debby Hopkins, chief operations and technology officer at Citigroup, spoke to Dan Barnes about co-ordinating systems across the global giant, keeping customers’ data safe and talking in plain English.
Debby Hopkins, chief operations and technology officer at Citigroup, finds the scale of the company undaunting, not only through her background working for Ford, Boeing and General Motors but also due to the bank’s corporate culture.

LSE suitors show off tech muscle

March 7, 2005

The battle for the London Stock Exchange is on but, regardless of who wins, strength in technology is going to be the most important issue for the exchange’s future. Dan Barnes reports.

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