Technology Management in Financial Services

by McGill, Ross

• ISBN13: 9780230006799
• ISBN10: 0230006795
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-09-15
• Publisher: Palgrave Macmillan

Summary

Technology is now, and will remain, at the forefront of innovation in the financial services sector, driving new products and services. It is seen as the only way for many firms to remain in business at all. Many will fail to innovate or invest enough. Already the separation of the larger financial institutions from the smaller firms is polarizing the community. The advent of new disruptive technologies is about to hit the financial services markets in the same way the internet did a few years ago. It is vital that those who develop and manage technology in the financial services sector have a clear picture of the role of technology in this fast moving environment. Those who do not embrace this new approach will increasingly be left with obsolete systems.

Author Biography

ROSS McGILL is a prolific author in this field. His extensive experience is based on over a decade of providing the financial services sector with practical, best practice solutions to compliance, data protection, corporate governance and regulatory issues. He is director of marketing for Globetax and managing director of TConsult Ltd. He is the author of two best-selling books on international regulations and treaties.

Table of Contents

List of Tables	p. ix
List of Figures	p. x
List of Case Studies	p. xi
List of Abbreviations	p. xii
Preface	p. xv
Acknowledgements	p. xvii
About the Author	p. xviii
Introduction	p. 1
The Role of Technology in Financial Services
Morphology	p. 5
Environment	p. 13
Technology Management Issues	p. 21
Technology Strategy - Best Practice	p. 26
Front, Middle and Back Office Explained	p. 32
Communications, Standards and Messaging	p. 43
Open Source in Financial Services	p. 56
Technology Acquisition and Management
Build	p. 77
Buy	p. 91
Bureau	p. 96
Outsource	p. 100
Delivering Value from Technology
Disruptive Innovation - Threat or Opportunity	p. 109
Documentation	p. 128
Testing and Quality Control	p. 153
Benchmarking Value	p. 182
Regulation and Compliance
The Role of Regulation and Global Regulatory Impact	p. 197
IT Governance in Financial Services	p. 201
Conclusion	p. 221
Template Request for Proposal	p. 222
Typical Business Continuity Policy Statement	p. 230
Further Reading	p. 234
Index	p. 237
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