/devops

News and resources on devops, tools, platforms and APIs for developers and tech leaders in banks and fintechs worldwide.

Discussion
Emerging Trends in Correspondent Banking
Hitesh Thakkar

Hitesh Thakkar

  do you think? Correspondent Banking will loose layers in future with more progress on CBDC, real time payments, cross boarder payments??
Preparing For a Run: Ensuring Financial App Performance Quality During Unpredictable Circumstances
Ketharaman Swaminathan

Ketharaman Swaminathan

  I agree with the key role played by testing when all is well. I recall an incident when thousands of high value payment messages ended up in repair queue since the bank hadn't tested its new system for 11 character BIC. The bank was about to miss cutoff, all hell broke loose, and the regulator inquired if the bank faced a liquidity crisis, which is why it would miss its commitments worth hundreds of billions.   But in the current times, hypothetically, a bank could carry out zero testing, let its apps fail, block withdrawals, thus prevent a bank run. In a perverse sense, lack of testing would save the bank's bacon.  As you can see from my comments below In the Blink of an Eye: How the Digital Age Intensifies the Risk of Bank Runs, I'll really not be surprised if my hypothesis comes true in the forseeable future. 
Money20/20: No end game for open banking
Ketharaman Swaminathan

Ketharaman Swaminathan

  Without regulatory mandate, Open Finance in USA garnered 80M users in five years. With regulatory mandate and huge amount of buzz, Open Banking in EU hasn't reached a fraction of that number. No end game is fine but is there a start game? Open Banking: EU v. USA
Money20/20: No end game for open banking
A Finextra Member

A Finextra member

  The fact that the panel is being moderated by a member of yet another talking shop selling seats for fireside chats says it all. Too many bodies official or otherwise generating confusion and hysteria.