Vendor Demonstration Guidelines And Best Practices For Clients [ Source: Infosys Technologies Ltd ]
April 2010- In a vendor evaluation project, clients or buyers typically invite the short-listed vendors to demonstrate their product or solution through an in-person presentation. This is referred as “vendor demonstration” in this article. Vendor demonstration is an important step in vendor selection process. The purpose of this article is to share guidelines and best practices for the vendor demonstration process from client’s or buyer’s perspective.

Increasing Bank Profitability and Managing Risk with Business Intelligence [ Source: Onward Systems Inc. ]
March 2009- In the wake of IndyMac and many others, and the failures of both Freddie Mac and Fannie Mae, banks are worrying more and more about tracking their spending and making ends meet, trying to achieve profitable accounts while at the same time turning around riskier customer ventures. The nation’s banks are increasingly facing the credit crunch due to the sub-prime loan debacle. While financial stability and a surplus economy might be a mere vision ...

Watch List Filtering Solution Considerations [ Source: Bank of America ]
November 2008- Watch list filtering solutions' primary requirement is to routinely scan current and prospective clients against a database (watch list) consisting of names, aka and address entries. This paper describes standard points which need to be considered to implement a watch list filtering solution and a high-level process flow. It does not matter whether a custom solution is built or a standard product is chosen.

A Leading Global Banking and Financial Services Firm Improves Production System Support [ Source: Virtusa Corporation ]
January 2008- Virtusa took the entire responsibility for system maintenance, using a well-planned transition process that resulted in improved on-time resolution with minimal disruption to the client's business. We adopted effective process and quality management systems, resulting in better on-time delivery with high quality results.

Paving the Way to Risk-free Change: Guide to consolidating IT systems and rolling out new services in a payment processing environment [ Source: INETCO Systems Ltd. ]
September 2010- As the economy continues to improve, banks and payment processors are focused on expanding market share, new product offerings and operational efficiencies as part of their long-term survival and growth strategies. New service roll-outs, migration efforts and consolidation projects are translating into a whole new set of IT performance challenges and operational risks. At the same time, IT systems are also being looked at as an integral component of a financial risk management strategy. The ...

Webinar with Forrester: Mobility and the Open Web: Open Standards and Collaboration Redefine Enterprise IT [ Source: Black Duck Software ]
May 2012- Mobility has redefined customers' interaction with a company's products and applications. To address this shift, organizations are leveraging open-source components, development frameworks, open-web technologies; and collaborating by creating developer ecosystems. Featuring Jeffrey Hammond, Forrester Research.

Open Source Governance in Highly Regulated Companies [ Source: Black Duck Software ]
May 2012- Open source software can empower developers, increase innovation and improve competitiveness, and its popularity is growing tremendously. Open source now represents an average of 29% of the code deployed by IT and technology innovators are using 60%-80% of open source code, which can yield cost savings and free-up development resources to improve competitive differentiation. <br><br> And as open source becomes more common, the need for governance increases dramatically. Without proper controls ...

Uber Architect [ Source: CAPCO ]
April 2012- What does a Solution Architect do? In deference to traditional deliverable-based architect role definitions, Solution Architecting spans the SDLC. While SAs are responsible for some deliverables, they primarily configure the required building blocks of the working product. They make transparent a myriad of tough decisions, encourage stakeholder collaboration, break deadlock and resolve difficult issues. SAs have a "line of sight" from ideation through implementation. Figure 1 summarizes the major processes by Project Management Institute (...

Serving the Gen-Y Customer: 7 Key Technology Challenges for Banks [ Source: Oracle ]
February 2012- Generation Y (Gen-Y) customers are predicted to be tomorrow's wealth accumulators. Their behavior and consumption pattern is different from the earlier generations. Banks will have to adopt different business paradigms to serve them. Gen Yers are technology savvy and prefer swift service. Personalization is high in Gen-Y customers' wish list. Successfully meeting these challenges depends on the agility and efficiency of the bank's IT infrastructure. Most banks are still running on legacy systems which are ...

Oracle Exadata in Capital Markets [ Source: Oracle ]
December 2011- Financial reform is pervasive and increasingly more demanding. Its core goal is the reduction of systemic risk through greater transparency, with regulators driving fundamental changes in the depth and breadth of data points needing to be collected and managed to meet progressively complex near-time and real-time reporting requirements. <br><br> These trends are creating demands on IT that traditional technology solutions cannot meet. The convergence between real-time processing and near/real-time ...