Big Data Comes of Age

Many years ago, Walter Wriston, former Chairman and CEO of Citicorp, startled the world by claiming information about money has become almost as important as money itself. More recently, the World Economic Summit at Davos published a report implying it was an economic asset as valuable as currency or gold.[i] The difference between ‘almost’ and…

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The Growing Power of Visualization – the next phase of markets

Too much information and too little time to absorb it – that’s the dilemma of the financial markets today. We have more data than we can possibly absorb: spreadsheets with tens of columns and thousands of rows; news headlines streaming faster than the human eye can read……. Yet the data tsunami continues to overwhelm us with almost…

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Increasing Marketing ROI – the importance of uplift

In today’s competitive markets, it’s all about focus – reaching the customers that deliver the best return for the least cost. But traditional marketing programs are often more about coverage than focus. The secret lies in understanding the shape of a curve. Analysts have long been familiar with the law of diminishing returns – increasing returns in…

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Real Time Risk Management at the Touch of a Button – the challenge of managing ‘big data’

New regulation, more frequent risk scenarios, faster trade flows and higher volumes are accelerating data velocities. Current risk systems need new architectures to scale. Systems that have previously been able to deliver only in hours and days must now capture, aggregate and report accurate accounts of risk positions in minutes directly to regulators. Risk managers…

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Choosing a Cloud Provider – towards a structured approach

Cloud computing provides a compelling option for Financial institutions (FIs) looking for more flexibility in deploying technology and managing costs. There is a wealth of cloud solutions available in the market today, and some major providers, but how does an FI choose between one provider and another? Not all providers are the same. If the…

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Creating a Culture of Innovation

Many companies aspire to innovate, but few of them do it well. There are many reasons why, but chief amongst them is the absence of an effective culture of innovation. Creating such a culture isn’t easy and can involve many changes to the DNA of the firm. Leadership is clearly a major factor. Innovation is…

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The Future of .NET and Interoperability in Banking

We are rapidly moving towards a more open environment when it comes to technology. A question that often comes up is why aren’t .NET and Java interoperable? Well in fact they are. For example: Both Java and .NET run on Azure Both Java and. NET run on Windows Java and .NET are interoperable – a…

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Taking Control of our Data and our Destiny

Back in October 1996, Wired Magazine published Thomas Bass’s now famous interview with Citibank and Citicorp’s former head Walter Wriston, famous for his observation that information about money was almost as important as money itself. That insight led to massive technology investments by the then Citibank which helped it become one of the world’s great…

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The Role of Ecosystems in Driving Innovation

An ecosystem in nature is a biological community composed of groups of organisms together with the non-living elements they interact with; air, soil, water, and sunlight. These organisms depend on each other for their survival and development. Ecosystems change with their environment. Nature is a natural innovator. Software eco-systems have existed for some time. The…

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Innovation – anticipating the forces of change

In a previous blog – the Gentle Art of Innovation – we implied that innovation was a process – more science than art. But we carefully left out the tough bit, coming up with the idea itself. For many of us, this is the biggest challenge so a framework may help. Innovation is about making…

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