Banking Automation – the Good, the Bad, and the Ugly

Banking Automation – the Good, the Bad, and the Ugly

Automated origination methods came under fire recently in Canada where the practice of using an automated method to assist in (or to perform) property valuation assessments for mortgages is being challenged. The article claims that this automation method and a program (named Emily) has contributed to escalating home prices by using reference data instead of… Continue Reading

Major banking systems outages:  How to Recover, How to Avoid

Major banking systems outages: How to Recover, How to Avoid

Banking outages are not fun.  Customers without banking services are not happy.  The impact of a major systems outage is both direct based on deals not booked and services not provided and indirect — reputational.  I probably don’t need to spend much time convincing you that banking outages are unpleasant, so let me focus more… Continue Reading

Reducing Complexity with Magic Quadrants in Banking

I’m always amazed at the amount of faith placed in the content of Magic Quadrants. The identification, shortlisting, and selection of solutions based on an arbitrary position in the upper right hand quadrant has become a standard practice and an easy crutch in the “mitigation of risk”. The conviction that I have seen based on… Continue Reading

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