Business and IT collaboration: the road to an integrated approach to design

From our February 8 breakfast seminar: Speeding up app delivery from weeks to days, our Senior UX Designer Mike Lee on using a design thinking process to better collaborate with the business while enabling the delivery of business functionality within days.

Changing the IT dynamics in financial services

Over the last 30 years the financial industry has gone through a continuous cycle of growth and retraction, the latter caused by internal structural issues, or by macro-economic events. There is no way one can plan for these events, except to accept that they are a factor that has to be catered for.

Why does innovation favor the bold?

 

This blog originally appeared on Finextra.

Innovation is defined simply as a "new idea, device, or method". However, innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. As defined in Wikipedia.

6 easy steps for teams within financial institutions to facilitate change and innovate


Excess organizational buildup is at the core of a number of the issues that we face when trying to facilitate change within a financial institution. Most often this buildup occurs over time and is hard to effectively eliminate unless you are dedicated and single-minded about its removal. Fads only provide short term relief, but sooner or later the buildup returns more insidious than before. What is needed is a long term approach to reducing the organizational buildup and recognizing the reasons why it's there in the first place. Then, one must address those issues at the source and keep a constant vigil in ensuring that it does not return. 

The reality of IT and its relationship with the enterprise

The other day I read that a major software solution supplier to the financial industry (who shall remain nameless) had published a report, based on a survey, that had as a key finding that there was a disconnect between Business and IT management. I must say that I sat stunned for a few minutes, not by the finding, but by the fact that someone should have paid to find this out. This has been a factor for years, actually decades, and I can remember sitting with other CIO’s twenty years ago discussing this issue, along with the parallel one of “how we can measure and communicate the value of IT”. 

Flarrio - The Scary Pace of Tech Disruption in Finance #tech2016

Brian Slater answers the following question: What is the primary change you see in FinTech in next couple of quarters?

Can banks innovate fast enough to survive?

 Much chatter about the threats to banks by non-traditional competitors, eg. not their peers. Of course this has been happening for years in various forms, but in the last few years with the advent of the internet we have seen acceleration in financial technology, and the future seems to contain a plethora of services that have the potential to take another slice of their revenues away.

The Eikos 'sauce' for successful fintech projects?

When considering successful delivery of any IT project at financial institutions, people and approach come to mind immediately. Here’s why.

Check out our latest collateral management app powered by OpenFin

The Eikos Collateral Management Solution (ECMS) allows the buy-side to maintain liquidity and manage different types of risk by providing a single point of reference to monitor, analyze, and minimize a funds’ collateral and risk exposure across all trading counterparties. The single platform and interface design provides the Cash Management Team an early indication of all their funds liquidity level before the start of the trading session.

Open source technology for financial applications

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