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…

technical debt

Addressing Technical Debt Requires Business and IT Alignment

Global enterprises are facing an ever greater challenge when dealing with their complex legacy IT architectures. Complexity leads to a higher level of risk and can also create barriers to the adoption of new technologies. This article looks at technical debt and how it can be addressed. The increased infrastructure complexity of many global IT…

legacy systems

Legacy Systems are Ageing, but Are Not on the Path to Extinction

Legacy IT systems are a fact of life in banking. All established banks have significant dependencies on core legacy services and most banking services are likely to touch these legacy platforms at some point during the execution of standard end-to-end business processes. These legacy systems are elderly in technology terms, dating back twenty or even…

embrace innovation

Banks Must Embrace Innovation to Reduce Risk

In the ‘third wave’ of Fintech, financial services are working more closely with fintechs and using them to outsource parts of their value chain, such as payments. Although this collaboration can be hugely beneficial for banks and their customers, it does raise the question of how security will be affected. The risk associated with cyber…