Currency
Front-to-Back Designing and Changing Trade Processing Infrastructure
£85.00
In this book, banking and finance expert Martin Walker opens section one with the fundamentals; explaining how capital markets firms make money, what their support functions do and how the infrastructure has to support their needs. Building on this, in section two, Walker describes the problems that have built up over many years and the huge challenges of profitability and complying with regulations since the Great Financial Crisis. Section three of the book highlights the set of strategies investment banks have followed such as simplification, functionalisation and front-to-back re-engineering. Walker critically examines each of these and explains why so many major transformation projects have ended in disaster and large-scale waste. The final section provides the most comprehensive and fad-free explanation of all the technologies that make such great promises to transform capital markets. This section includes the topics, Digital Transformation, the Cloud, Big Data, Blockchain, Cryptocurrencies, Robotic Process Automation and AI.
Availability:
In stock
ISBN
9781782723899
In this book, banking and finance expert Martin Walker opens section one with the fundamentals; explaining how capital markets firms make money, what their support functions do and how the infrastructure has to support their needs. Building on this, in section two, Walker describes the problems that have built up over many years and the huge challenges of profitability and complying with regulations since the Great Financial Crisis. Section three of the book highlights the set of strategies investment banks have followed such as simplification, functionalisation and front-to-back re-engineering. Walker critically examines each of these and explains why so many major transformation projects have ended in disaster and large-scale waste. The final section provides the most comprehensive and fad-free explanation of all the technologies that make such great promises to transform capital markets. This section includes the topics, Digital Transformation, the Cloud, Big Data, Blockchain, Cryptocurrencies, Robotic Process Automation and AI.
Martin Walker shows the reader how to design an infrastructure that does the basics well and can respond to changes in regulations without breaking or incurring billions of dollars of costs. Front-to-Back Approaches to Designing and Changing Investment Banking Infrastructures will have a broad appeal across a variety of market participants. Walker has thought about what each group will take away from this book:
1. Bank IT staff: What to do with their infrastructure, what mistakes to avoid repeating and what solutions to adopt.
2. Technology firms/consultancy/fintech: How to sell their products/services to investment banks.
3. Regulators/auditors: Where to look for risks and data.
4. Bank senior management: How to ask the right questions of technical specialists whether in the bank or employed by technology firms or consultancies
5. Private equity firms: Which fintech firms to invest in.
| ISBN | 9781782723899 |
|---|---|
| Navision code | MWAL |
| Publication date | 24 Oct 2018 |
| Size | 155mm x 235mm |
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Martin Walker
Martin Walker is Director for Banking and Finance at the Center for Evidence-Based Management. His background in capital markets is genuinely front-to-back, and includes IT and change experience in front office and operations across multiple business lines such as securities finance, FX, derivatives and prime brokerage. Roles in capital markets IT have included Global Head of Securities Finance and Treasury IT at Dresdner Kleinwort, Global Head of Prime Brokerage Technology at RBS Markets and lead business analyst in Equities Finance IT at Merrill Lynch. In the post-trade area, Martin has designed systems to identify costs, cost drivers and change opportunities, as well as new operating models and business processes for post-FX and derivatives for HSBC. More recently, he has worked on product development at the R3 blockchain consortium.
PART 1: WHAT THE INFRASTRUCTURE NEEDS TO DO
1 Trades and Products
2 Where do Trades Come From?
3 The Purpose of the Infrastructure
4 Typical Infrastructure
PART 2: THE PROBLEMS WITH TRADE PROCESSING INFRASTRUCTURE
5 The Problems
6 The Evolution of Technical Complexity
7 The Regulatory Challenges
8 The Complexity Cycle
PART 3: HISTORIC APPROACHES TO TRANSFORMATION
9 BAU/Incremental Change
10 Front-to-back Re-engineering
11 Functionalisation, aka “Factories”
12 Front-to-back Systems
13 The Golden Middle
14 Simplification
PART 4: NEW APPROACHES TO INFRASTRUCTURE
15 Digital
16 Cloud and Utilities
17 Artificial Intelligence and Robotics
18 Big Data and Analytics
19 Blockchain/Distributed Ledger Technology
20 Distributed Ledger Technology: Hybrid Approach
21 Nirvana?