Posts Tagged ‘banks’

Financial services firms, banks and cultural change

Last year’s Barclay Bank Libor-rigging scandal was likely caused by cultural problems following a speedy expansion, according to a recent BBC News article. A study found the financial services firm’s strong culture of winning, siloed departments with different values, and lack of emphasis on customer and client needs led to the breakdown. The simple fact [...]

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Banking software faces rising glitch rate and “tech debt”

As banks face a growing number of costly incidents, it begs the question, why? According to a recent BBC News article and our own experience—the answer lies somewhere between an overdependence on antiquated code, complex line-of-business and geographical variations, mass mergers and acquisitions, tighter SLAs and changes in data transfer patterns. Testing alone won’t be enough [...]

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One IT Improvement that Can Pay Big Dividends for Banks

Banks are under fire these days.  This means that bank IT people are under fire – more than usual, even. Particularly with growing  transaction volumes, consolidating and modernizing B2B communications is an obvious place to save money, reduce risk and speed time-to-market.   But few of us have the time, money or reputation capital to risk [...]

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