A Transformation Approach to Smarter Core Banking

A Transformation Approach to Smarter Core Banking PDF Author: Alex Louwe Kooijmans
Publisher: IBM Redbooks
ISBN: 0738450537
Category : Computers
Languages : en
Pages : 70

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Book Description
The extensive experience brought by IBM to core banking transformation indicates that the most successful transformation approach is a progressive one in which modernization is a process that incorporates flexibility and business acumen, and can adapt as requirements change. Creating a componentized architecture that separates key constructs and their assets from the core transaction engine is a critical factor in achieving a successful transformation. Such a scenario makes the architecture the central concern and allows a bank to benefit from the necessary flexibility and efficiency. After the core architecture is established, the bank can address each requirement and modification on a case-by-case basis by choosing from custom and packaged options. Further, the core transformation method outlined in this IBM® RedguideTM publication allows a bank to make deployment decisions based purely on business benefits by using a progressive program that delivers value at each step of the process, and every step can be tailored to keep pace as needs and requirements change. Finally, this method ensures that the overall transformation process remains in line with evolving business objectives.

A Transformation Approach to Smarter Core Banking

A Transformation Approach to Smarter Core Banking PDF Author: Alex Louwe Kooijmans
Publisher: IBM Redbooks
ISBN: 0738450537
Category : Computers
Languages : en
Pages : 70

Get Book

Book Description
The extensive experience brought by IBM to core banking transformation indicates that the most successful transformation approach is a progressive one in which modernization is a process that incorporates flexibility and business acumen, and can adapt as requirements change. Creating a componentized architecture that separates key constructs and their assets from the core transaction engine is a critical factor in achieving a successful transformation. Such a scenario makes the architecture the central concern and allows a bank to benefit from the necessary flexibility and efficiency. After the core architecture is established, the bank can address each requirement and modification on a case-by-case basis by choosing from custom and packaged options. Further, the core transformation method outlined in this IBM® RedguideTM publication allows a bank to make deployment decisions based purely on business benefits by using a progressive program that delivers value at each step of the process, and every step can be tailored to keep pace as needs and requirements change. Finally, this method ensures that the overall transformation process remains in line with evolving business objectives.

Smarter Banking with CICS Transaction Server

Smarter Banking with CICS Transaction Server PDF Author: Chris Rayns
Publisher: IBM Redbooks
ISBN: 0738434124
Category : Computers
Languages : en
Pages : 210

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Book Description
It goes without saying that 2009 was a year of unprecedented change in global banking. The challenges that financial institutions are facing require them to cut costs but also to regain trust and improve the service that they provide to an increasingly sophisticated and demanding set of customers. In the past, siloed and rigid IT systems often inhibited banks in their attempts to re-engineer their business processes. The IBM® smarter banking initiative highlights how more intelligent software can be used to significantly improve the end-to-end integration of banking processes. In this IBM Redbooks® publication, we aim to show how software technologies, such as SOA, Web 2.0 and event driven architectures, can be used to implement smarter banking solutions. Our focus is on CICS® Transaction Server, which is at the heart of most bank's core banking implementations.

Transnational Business Governance Interactions

Transnational Business Governance Interactions PDF Author: Stepan Wood
Publisher: Edward Elgar Publishing
ISBN: 1788114736
Category : Political Science
Languages : en
Pages : 416

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Book Description
From agriculture to sport and from climate change to indigenous rights, transnational regulatory regimes and actors are multiplying and interacting with poorly understood effects. This interdisciplinary book investigates whether, how and by whom transnational business governance interactions (TBGIs) can be harnessed to improve the quality of transnational regulation and advance the interests of marginalized actors.

CORE BANKING SOLUTION

CORE BANKING SOLUTION PDF Author: M. REVATHY SRIRAM
Publisher: PHI Learning Pvt. Ltd.
ISBN: 812033535X
Category : Business & Economics
Languages : en
Pages : 299

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Book Description
This compact and concise study provides a clear insight into the concepts of Core Banking Solution (CBS)—a set of software components that offer today’s banking market a robust operational customer database and customer administration. It attempts to make core banking solution familiar to the professionals and regulatory authorities, who are responsible for the control and security of banks and shows that by using CBS, banking services can be made more customer friendly. This well-organized text, divided into two parts and five sections, begins (Part I) with the need for core banking solution technology in banking system, its implementation and practice. It then goes on to a detailed discussion on various technology implications of ATM, Internet banking, cash management system, and so on. Part I concludes with Business Continuity Planning (BCP) and Disaster Recovery Planning (DCP). Part II focuses on components of audit approach of a bank where the core banking solution has been in operation. Besides, usage of audit tools and study of audit logs have been discussed. KEY FEATURES : Suggested checklists for performing audits are included. An exclusive chapter is devoted to Case Studies based on fraudulent activities in banks due to lack of security and controls. Useful Web references have been provided. Contains relevant standards of international body ISACA, USA. This book would be useful for the Chartered Accountants who are Auditors of various banks. It would help the External System Auditors and the Auditors who perform concurrent system audit of banks and also for the Officers of the Department of Banking Supervision of the Reserve Bank of India and others who have the responsibilities of regulating the security and controls in the banks. In addition, it would be extremely useful to the bankers who have Information Technology as one of the subjects for the CAIIB examination. This book is a trailblazer in the Indian Banking scene. It makes tremendous and vital contribution to the aspect of Computer Assurance and Risk Management in Banking. — N. VITTAL, I.A.S. (Retd.), Former Central Vigilance Commissioner

Socio-economic Systems: Paradigms for the Future

Socio-economic Systems: Paradigms for the Future PDF Author: Elena G. Popkova
Publisher: Springer Nature
ISBN: 3030564339
Category : Technology & Engineering
Languages : en
Pages : 1728

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Book Description
This book is reflective of a science-based vision of the future development paradigm of economic and social systems. It deals with the digitization as the technological basis for the future development of economic and social systems and presents a review of groundbreaking technologies and prospects for their application. The specific character of the industry and prospects for the application of digital technologies in business are analyzed. A rationale is provided for future prospects for the sustainable development of economic and social systems in a digital economy. The authors determine the process of the formation and development of the information-oriented society, social and educational aspects of the digitization, as well as the institutional framework of the digital future of social and economic systems. The book combines the best works following the results of the 12th International Research-to-Practice Conference “Artificial Intelligence: Anthropogenic Nature vs. Social Origin” that was held by the Institute of Scientific Communications (ISC) in cooperation with the Siberian Federal University and the Krasnoyarsk Regional Fund of support of scientific and scientific–technical activities on 5–7 December 2019, in Krasnoyarsk, Russia, as well as following the results of the 3rd International Research-to-Practice Conference “Economic and Social Systems: Paradigms for the Future” that was held by the ISC in cooperation with the Pyatigorsk State University on 5–6 February 2020. The target audience of the book consists of representatives of the academic community concerned with the future prospects for the development of economic and social systems, as well as economic agents engaged in the digitization of business processes, and representatives of public agencies regulating the development of business systems for their progressivity, sustainability and competitiveness.

Digital Transformation and Global Society

Digital Transformation and Global Society PDF Author: Andrei V. Chugunov
Publisher: Springer
ISBN: 3319497006
Category : Computers
Languages : en
Pages : 620

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Book Description
This book constitutes the refereed proceedings of the First International Conference on Digital Transformation and Global Society, DTGS 2016, held in St. Petersburg, Russia, in June 2016. The 43 revised full papers and 15 revised short papers, presented together with 3 poster papers and an invited paper were carefully reviewed and selected from 157 submissions. The papers are organized in topical sections on eSociety: New Social Media Studies; eSociety: eGovernment and eParticipation: Perspectives on ICTs in Public Administration and Democracy; eKnowledge: ICTs in Learning and Education Management; eCity: ICTs for Better Urban (Rural) Planning and Living; eHealth: ICTs in Healthcare; eScience: Big Data Complex Calculations.

Smart Business and Digital Transformation

Smart Business and Digital Transformation PDF Author: Sándor Gyula Nagy
Publisher: Taylor & Francis
ISBN: 1000892867
Category : Business & Economics
Languages : en
Pages : 210

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Book Description
Beginning in the mid-2010s, the Fourth Industrial Revolution has seen remarkable changes in information technology that have blurred the boundaries between the physical, digital and biological worlds. Industry 4.0 has enabled so-called smart factories in which computer systems equipped with machine learning algorithms can learn and control robotics with minimal need for human input. While smart technology has enabled many manufacturing businesses to increase efficiency and cut costs, many others are still struggling with implementing it. This book aims to help students, practitioners and industry leaders to become change agents and take their first steps on the path of transformation. Smart Business and Digital Transformation addresses the challenge of becoming "smart" from three different perspectives: smart factory, smart industry and smart environment. Covering technologies including the Internet of Things (IoT), cloud, artificial intelligence (AI), mobility, 5G and big data analytics, the book shows how enterprises can take advantage of them and ultimately beat the competition. The book considers the importance of operational processes, business models and organisational culture. The contributing authors and editors, based at Corvinus University, present a multidimensional picture of Industry 4.0 which is both diverse in its voices and unified in its vision. Smart Business and Digital Transformation meets the growing demand for a textbook that not only presents the latest concepts and theories but is also practical for planning, managing and implementing digital transformation in practice. The chapters include case studies to demonstrate the practical applications, and each chapter ends with review and discussion questions to develop students’ skills and competencies. Students of business and digital transformation on advanced undergraduate and MBA courses will find it an indispensable guide to a vibrant and challenging topic.

Plant Intelligent Automation and Digital Transformation

Plant Intelligent Automation and Digital Transformation PDF Author: Swapan Basu
Publisher: Academic Press
ISBN: 0323902472
Category : Technology & Engineering
Languages : en
Pages : 570

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Book Description
Plant Intelligent Automation and Digital Transformation: Process and Factory Automation is an expansive four volume collection reviewing every major aspect of the intelligent automation and digital transformation of power, process and manufacturing plants, from the specific control and automation systems pertinent to various power process plants through manufacturing and factory automation systems. This volume introduces the foundations of automation control theory, networking practices and communication for power, process and manufacturing plants considered as integrated digital systems. In addition, it discusses Distributed control System (DCS) for Closed loop controls system (CLCS) and PLC based systems for Open loop control systems (OLCS) and factory automation. This book provides in-depth guidance on functional and design details pertinent to each of the control types referenced above, along with the installation and commissioning of control systems. Introduces the foundations of control systems, networking and industrial data communications for power, process and manufacturing plant automation Reviews core functions, design details and optimized configurations of plant digital control systems Addresses advanced process control for digital control systems (inclusive of software implementations) Provides guidance for installation commissioning of control systems in working plants

Internet of Things, Smart Computing and Technology: A Roadmap Ahead

Internet of Things, Smart Computing and Technology: A Roadmap Ahead PDF Author: Nilanjan Dey
Publisher: Springer Nature
ISBN: 3030390470
Category : Technology & Engineering
Languages : en
Pages : 408

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Book Description
This book addresses a broad range of topics concerning machine learning, big data, the Internet of things (IoT), and security in the IoT. Its goal is to bring together several innovative studies on these areas, in order to help researchers, engineers, and designers in several interdisciplinary domains pursue related applications. It presents an overview of the various algorithms used, focusing on the advantages and disadvantages of each in the fields of machine learning and big data. It also covers next-generation computing paradigms that are expected to support wireless networking with high data transfer rates and autonomous decision-making capabilities. In turn, the book discusses IoT applications (e.g. healthcare applications) that generate a huge amount of sensor data and imaging data that must be handled correctly for further processing. In the traditional IoT ecosystem, cloud computing offers a solution for the efficient management of huge amounts of data, thanks to its ability to access shared resources and provide a common infrastructure in a ubiquitous manner. Though these new technologies are invaluable, they also reveal serious IoT security challenges. IoT applications are vulnerable to various types of attack such as eavesdropping, spoofing and false data injection, the man-in-the-middle attack, replay attack, denial-of-service attack, jamming attack, flooding attack, etc. These and other security issues in the Internet of things are explored in detail. In addition to highlighting outstanding research and recent advances from around the globe, the book reports on current challenges and future directions in the IoT. Accordingly, it offers engineers, professionals, researchers, and designers an applied-oriented resource to support them in a broad range of interdisciplinary areas.

Planning Climate Smart and Wise Cities

Planning Climate Smart and Wise Cities PDF Author: Kwi-Gon Kim
Publisher: Springer Nature
ISBN: 3030801659
Category : Science
Languages : en
Pages : 489

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Book Description
This book provides information that facilitates integrated climate actions in cities, leveraging disruptive technologies, business models, policies, financing, and leadership solutions. It fosters the development of climate smart and wise cities. It reviews the major developments of climate actions in cities and combines climate environment and energy technology, policy and financing instruments. A range of distinguished authors assess the experiences thus far and also consider future development from both theoretical and practical perspectives. They also discuss many policy and technical options, including climate smart and wise city planning, inclusion of urban nature, international and national carbon market mechanisms and measuring its impact and digital transformation. Moreover, attention is paid to the role of natural principles, the role of transparency principles and to aspects of democratic climate governance within a climate action scheme. This book makes clear that the carbon neutrality, sustainability, circularity, efficiency, connectivity and resiliency of cities depend to a large extent on the specific digital technologies and the leadership reshaping our cities. Discussing multidisciplinary aspects of climate action, this book offers new insights to academics, policymakers and practitioners both in the public and private sectors. Those insights are not only retrospective, relevant for understanding the past, but they are also prospective and forward-looking, guiding the achievements of the SDGs and the climate goals.