Brexit

Planning for Brexit Technology Change: What CIOs Need To Know

Until negotiations have been finalised, we can’t know the degree to which Brexit will affect the IT sector within the UK’s financial services industry. However, organisations are already preparing for the potential scenarios that could arise and, in the face of uncertainty, are planning for every eventuality. Many businesses will follow through with their Brexit…

CCAR

Cutover Case Study: CCAR Reporting

CCAR (Comprehensive Capital Analysis and Review) is a United States regulatory framework introduced by the Federal Reserve to assess, regulate, and supervise large banks and financial institutions. CCAR attestation is a complex end-to-end process that requires a chain of human attestations and needs systemic support. Most organisations have built their own (very different) tools to…

outage

“Too Big To Fail” – Why Do Big Banks Still Suffer Major IT Outages?

In the age of DevOps, Agile and continuous integration, major outages should be a thing of the past. If everything is automated and continually delivering, how can anything go catastrophically wrong? The truth is that most major organisations are nowhere near this DevOps utopia and still carry out major upgrades and migrations which heavily rely…

regulation

Regulation is Leaving Little Room for Banks to Make Strategic Changes

Banking is the most heavily regulated industry in the world. There are 222 financial regulatory bodies globally and hundreds of internal standards in each bank to keep customers safe. The surprising amount of business change focused on regulatory requirements could be preventing growth and innovation. 84% of financial institutions say regulatory requirements are impeding their ability…

Regulation vs Innovation

Regulation vs. Innovation in Financial Services

Financial regulation is essential for protecting the banking industry and consumers. Since the financial crisis, regulation has played an even greater role in financial services. This has led to increased scrutiny of banks and the way they operate, putting them under increased pressure. It is essential that they can prove that they are adhering to…