banks

Think “Banks Never Do Anything Cool?” – Think Again

When speaking to the Daily Telegraph, Revolut CEO Nikolay Storonsky declared “I’ve never seen a big bank do something cool – if they did we wouldn’t exist.” It’s a commonly-held view that banks and fintechs are at odds and that innovation from new companies like challenger banks pose a threat to incumbents. However, this isn’t…

SEAM #19: Humans vs Machines Recap

Last night we hosted the 19th monthly SEAM event “Humans vs Machines” at Rise London. It was a great evening filled with interesting talks and debate about the future of humans in an increasingly automated workplace. There was a great turnout and lots of interesting conversations over pizza and a few drinks! After an introduction…

humans and technology

Orchestrating Humans and Technology is the Future of Work

Humans and Technology are Both Increasingly Important IT executives in Financial Services face an impossible challenge. They know the money isn’t there to replace legacy technology, but they still need to innovate and remain competitive. They also know they have a regulatory responsibility to test recovery and resilience – even for legacy technology. This makes…

Digital Transformation Journey

5 Tips for Digital Transformation Journey Success

What do we mean by digital transformation? It can be described as “the profound transformation of business and organisational activities, processes, competencies and models to fully leverage… a mix of digital technologies and their accelerating impact… in a strategic and prioritised way, with present and future shifts in mind.” This suggests two important things about…

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…