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Financial Technology - Systems and Implementations

Duration: 1 day
  • Financial and Technological Trends
  • Regulatory Changes and Systems Requirements
  • IT Policies, Procedures and Controls
  • Designing and Implementing an IT Strategy
  • General Features and Requirements of IT Systems
  • Overview of Available Systems
  • Installation and Maintenance of IT Systems
The objective of this one-day seminar is to give you an update on developments within financial technology and to discuss the practical issues regarding the use of IT in modern financial institutions.

We first discuss the challenges and opportunities that have evolved in the wake of recent years’ financial, technological and regulatory developments. We explain how the globalization of financial markets, the proliferation of increasingly complex financial instruments, the mutation of financial risk, new accounting principles, and regulatory initiatives such as “Basel II” have lead to the demand for more sophisticated, integrated IT solutions.

Against this backdrop, we discuss how you can define an IT policy with its associated procedures and controls, and we explain how you can formulate and implement an effective IT strategy. Further, we look at how financial management systems should be designed to provide for effective and efficient interrelationships between software, hardware, personnel, procedures, controls and data.

Finally, we discuss the general features and requirements of good IT systems and the pros and cons of “buy”, “build” and “build and buy” approaches to implementing IT solutions in a financial institution. We also give a broad, comparative overview of available financial IT systems , and we discuss important issues related to the purchase, installation and maintenance of such systems.

Day One

09.00 - 09.15 Welcome and Introduction

09.15 - 12.00 Financial and Technological Trends

  • The Globalization of Financial Markets
  • The Proliferation of Complex Financial Instruments
  • Regulatory Changes and Systems Requirements
    • The Challenges of Basel II, Solvency II, MiFiD etc.
  • The Need for Real Time and On-Demand Financial Information
  • Overview of Technological Developments
  • Discussion: Top Strategic IT Initiatives in Banking for 2006 and Beyond

IT Policies, Procedures and Controls

  • General Requirements of Financial IT Systems
    • Efficient and Effective recording of Financial Events
    • Provision of Timely, Reliable and Consistent Information for Decision Makers and the Public
  • Functional Requirements
  • Computer and Data Security
  • Documentation
  • Training and User Support
  • Internal Control and Audit
  • Compliance

12.00 - 13.00 Lunch

13.00 - 16.00 Design and Implementation of Financial Management System

  • The Software Development Lifecycle
  • Requirements Gathering and Analysis
  • Systems Design and Implementation
    • Functionality
    • Interfacing
    • Data warehousing
  • Project Management
  • Quality Management and Testing

Procurement, Installation and Maintenance of Risk Management Systems

  • Functional Requirements for a Risk Management Solution
  • Discussion: “Buy“, “Build“, or “Build and Buy“?
  • Overview of Available Risk Management Systems
  • The Procurement Process
  • Deployment, Configuration Installation and Change Management
  • Maintenance of Risk Management Systems

Evaluation and Termination of the Seminar