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
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