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The Digital Back Office

The Digital Back Office

There is lots of talk about digital in banking from people such as Chris Skinner in his insightful blog The Finanser. Much of this discussion however is focused on the front office relationship with external customers, specifically about how to build a bank that is responsive to customers in the digital world. I believe that this thinking is too narrow, it is my belief that you cannot have a digital bank without a Digital Back Office. This needs to provide the important services to support the internal management of the bank, as well as the operational support for external customers.

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Risk and Regulatory Reporting: Centralisation is Not the Answer

Risk and Regulatory Reporting: Centralisation is Not the Answer

In this article, Mike O’Hara, publisher of The Trading Mesh, talks to Steve Willson of Violin Memory, KPMG’s Steven Hall and Rick Hawkins, Stream Financial’s Gavin Slater, and Ash Gawthorp of The Test People, about how banks should evaluate centralised versus federated approaches to intensified post-crisis risk and regulatory reporting requirements.

 

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BCBS239: A Bad Case of Deja Vu

BCBS239: A Bad Case of Deja Vu

 

On 23rd January 2015 the BIS published its progress report on BCBS239 Principles for Effective Risk Data Aggregation and Risk Reporting. This progress report was striking in a number of ways; first, despite a significant investment there was only marginal improvement in the banks assessment of their ability to meet the principles and worryingly in some cases banks reported a downgrade of their abilities. Second, banks' failure to recognise the fundamental importance of governance and architecture in ensuring overall compliance with all the principles, leaving significant reliance on manual processes and workarounds.

 

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Improving Data Quality - The Stream Financial Approach

Improving Data Quality - The Stream Financial Approach

Business Challenge Post Financial Crisis

A key lesson from the recent financial crisis is that management at many levels within large banks often lacked high quality information, and as a result the banks were often difficult to manage. As well as a greater management awareness of the importance of information quality, regulatory pressure since the crisis has resulted in an issue that is both more visible and more critical to address.

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About Stream Financial

We enjoy those intractable business problems you hate. We employ our experience and leading edge software solutions to help your organisation realise it’s full potential. Our approach is widely effective for business processes across all organisations and business sectors.


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