Paul

About Paul Rowady

Paul Rowady is the Director of Research for Alphacution Research Conservatory, a research and strategic advisory platform uniquely focused on modeling and benchmarking the impacts of technology on global financial markets and the businesses of trading, asset management and banking. He is a 30-year veteran of the proprietary, quantitative and derivatives trading arenas. Contact: feedback@alphacution.com; Follow: @alphacution.

Investing in #Transformation: What’s the ROI? | Numerix Video Blog Series

Understanding FinTech #Transformation: In this FIFTH of a five part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the concept of #Transformation. Jim and Paul provide their perspectives on the latest examples of transformation they’re observing in the financial services industry specifically around the cross section of IT spending trends, software vs hardware investment, human capital expense, IT infrastructure, data management and risk analytics innovations. The five segments cover: Defining #Transformation within Financial Services Quantifying #Transformation The Cost of #Transformation #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Investing in #Transformation: What’s the ROI? Video 5:  Investing in #Transformation: What’s the ROI? Jim: Hi welcome back to Numerix video blog, I’m your host Jim Jockle. Joining me today Paul Rowady, director of research at Alphacution. Hey Paul. Paul: Good to be here. Jim: We’ve been talking a lot about quantifying transformation. In our last segment we just talked about kind of a use case or [...]

By |2020-10-14T21:54:40-04:00May 17th, 2016|Video|

#Transformation and TCO | Numerix Video Blog Series

Understanding FinTech #Transformation:  In this FOURTH of a five part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the concept of #Transformation. Jim and Paul provide their perspectives on the latest examples of transformation they’re observing in the financial services industry specifically around the cross section of IT spending trends, software vs hardware investment, human capital expense, IT infrastructure, data management and risk analytics innovations. The five segments cover: Defining #Transformation within Financial Services Quantifying #Transformation The Cost of #Transformation #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Investing in #Transformation: What’s the ROI? Video 4: #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Jim Jockle (Host): Hi, welcome back to Numerix video blog, I'm your host Jim Jockle. Joining me today, Paul Rowady Director of Research at Alphacution. Hey Paul. Paul Rowady (Guest): Thanks, Jim. Good to be here. Jockle:  Continuing our conversation on quantifying transformation. So we’ve talked about the [...]

By |2020-10-14T21:56:57-04:00May 10th, 2016|Video|

The Cost of #Transformation | Numerix Video Blog Series

Understanding FinTech #Transformation: In this THIRD of a five part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the concept of #Transformation. Jim and Paul provide their perspectives on the latest examples of transformation they’re observing in the financial services industry specifically around the cross section of IT spending trends, software vs hardware investment, human capital expense, IT infrastructure, data management and risk analytics innovations. The five segments cover: Defining #Transformation within Financial Services Quantifying #Transformation The Cost of #Transformation #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Investing in #Transformation: What’s the ROI? Video 3: The Cost of #Transformation  Jim Jockle (Host): Hi, welcome back to Numerix video blog, I'm your host Jim Jockle with Paul Rowady Director of Research at Alphacution Research.  Paul Rowady (Guest): Thanks, Jim.  Jockle: Paul, we’ve been talking about the spend and the investment, Software, Hardware, Opportunities, as it relates to infrastructure as a service, so let’s talk about [...]

By |2020-10-14T21:57:08-04:00May 3rd, 2016|Video|

Quantifying #Transformation | Numerix Video Blog Series

Understanding FinTech #Transformation: In this SECOND of a five part video blog series Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the concept of #Transformation. Jim and Paul provide their perspectives on the latest examples of transformation they’re observing in the financial services industry specifically around the cross section of IT spending trends, software vs hardware investment, human capital expense, IT infrastructure, data management and risk analytics innovations. The five segments cover: Defining #Transformation within Financial Services Quantifying #Transformation The Cost of #Transformation #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Investing in #Transformation: What’s the ROI? Video 2: Quantifying #Transformation Jim: Hi welcome to the Numerix Video Blog I’m your host Jim Jockle. Joining me today continuing our conversation “Quantifying Transformation” Paul Rowady, director of research at Alphacution. Paul, welcome back. Paul: Thank you Jim. Jim: We started the conversation as it relates to the definitions of transformations and some of the work you’re been doing – [...]

By |2020-10-14T21:57:19-04:00April 26th, 2016|Video|

Defining #Transformation within Financial Services | Numerix Video Blog Series

Understanding FinTech #Transformation: In this FIRST of a five part video blog series, Jim Jockle, CMO of Numerix sits down with Paul Rowady, Director of Research at Alphacution to discuss the concept of #Transformation. Jim and Paul provide their perspectives on the latest examples of transformation they’re observing in the financial services industry specifically around the cross section of IT spending trends, software vs hardware investment, human capital expense, IT infrastructure, data management and risk analytics innovations. The five segments cover: Defining #Transformation within Financial Services Quantifying #Transformation The Cost of #Transformation #Transformation and TCO: Hewlett Packard Enterprise & Deutsche Bank Case Study Investing in #Transformation: What’s the ROI? Video 1: Defining #Transformation within Financial Services Jim: Hi welcome to the Numerix Video Blog I’m your host Jim Jockle. Joining me today Paul Rowady, director of research at Alphacution. Paul, thank you for joining us. Paul: Good to be here Jim. Jim: Continuing our conversation on transformation a word that’s tossed around a lot, as an analyst, why don’t you [...]

By |2020-10-14T21:57:35-04:00April 19th, 2016|Video|

#PassingTheBuck: Deutsche Bank / Hewlett-Packard Enterprise Case Study (Part II)

Part I of this post can be found here Here’s the central question: After one year, does Hewlett-Packard Enterprise deliver tech savings for Deutsche Bank? (And, is this a harbinger or a template for other large banks and market participants?) With the Annual Report and other financial disclosures released on March 11, 2016, Deutsche Bank (DB) has completed its 2015 reporting. Our original curiosity here was to determine if a technology outsourcing alliance between Hewlett Packard Enterprise (HPE) and DB – which was announced about a year ago in late February 2015 – has resulted in any observable impact on the technology spending patterns at DB. With a fully updated model in hand, the results provide some strong signals – and some additional curiosities. Here’s what we find: First, estimated year-over-year spending on hardware and infrastructure – a component of TCO where HPE is expected to have the most impact – is down $405 million 2015 vs. 2014, which represents an 8% improvement during the period – and is about [...]

By |2020-10-05T21:05:28-04:00March 16th, 2016|Open|

#DigitalDisruption: Process Replacement vs. Process Re-engineering

Behold! The first Alphacution video, with our good friend Jim Jockle, Chief Marketing Officer, Numerix. Before you move on to the video, I wanted to add a few comments: In this segment, I emphasize that one of the key challenges faced by large financial organizations - primarily thinking of the largest global banks, since this has been where we have focused much of our analysis and modeling of late - is process refinement or process re-engineering; that the innovation that these banks are most challenged with is more process oriented. The point here is in response to the first question of the following video: Digital Transformation needs to be clearly distinguished from typical, run-of-the-mill change management. Digital transformation involves radical change. Digital transformation is NOT about process refinement, process re-engineering, or a common change management exercise. Digital transformation involves process replacement.

By |2020-10-14T21:58:06-04:00March 8th, 2016|Open|

#PassingTheBuck: DB-HPE Tech Outsourcing Deal, 1-Year Anniversary

Squeezing more performance from less costly technology footprints is a perpetual imperative for all businesses in the digital age. Unlike the latest – and ongoing – turbulence on the surface of the global markets seas, something slower, somewhat mysterious and much more evolutionary is going on down in the deep. One might argue that the largest global banks head the list of those businesses that are among the most in need of “more-for-less” transformation. As a result, monitoring the impact of events such as the Deutsche Bank – Hewlett Packard Enterprises information technology outsourcing (ITO) deal is of such importance. Alphacution has developed a detailed and quantitative case study to illustrate the bank- and business division-specific - impacts of this arrangement as well as the implications for improved monitoring of the transformations of other large entities in the financial services industry (FSI) ecosystem. First, some quick background:  On February 24, 2015, Deutsche Bank (DB) and Hewlett-Packard (since re-configured as Hewlett Packard Enterprises – or HPE) announced a 10-year,”multibillion dollar” agreement [...]

By |2020-10-05T21:05:12-04:00March 2nd, 2016|Open|

#CrowdedOut: Banks’ Technology Spending Paradox

They really don’t have a choice here. And yet, in this “everything is customizable and personalize-able” world in which we now live, we have grown to expect that there is always an infinite spectrum of choices available. Not so much when it comes to banks’ spending on technical infrastructure. It turns out that internally-developed software costs (which we believe includes both proprietary and consultant-developed software) are the fastest growing component of our technology total cost of ownership (TCO) framework, which includes hardware, software, data and human capital. Of the 50+ large global banks that we have modeled so far, most of them throw off a similar picture as the one in the sample exhibit below of a large APAC bank. Here the accumulated net carry value of software is being driven almost exclusively by spending on internally-generated software – and far outstripping the growth in spending on computer hardware / equipment. Furthermore, it doesn’t matter if the bank is in the Americas, Europe, Asia or anywhere in between. Most of [...]

By |2020-10-05T21:05:04-04:00February 11th, 2016|Open|

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By |2020-12-24T18:20:43-05:00January 1st, 2016|Open|