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 [...]
#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) [...]
#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 [...]
#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 [...]
#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) [...]
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Yellen and Me: The Catalyst Behind the Rate Decision
< This is a test. This station is conducting a test of the Emergency Broadcast System. This is only a test.> I had been in this room before. It was the early post-Dodd Frank days. Maybe February 2012. I had authored a study on the impacts of new regulations on collateral and initial margin requirements for OTC derivatives (OTCDs). The study had been commissioned and was being promoted by the World Federation of Exchanges (WFE). Largely as a [...]
#DigitalMythology: The Searing Truth of Context
The primary goals of this ongoing series of research are to quantify - in increasing detail - what the members of the financial services industry (FSI) ecosystem spend on technology (including hardware, software, data and IT human capital) – which is sometimes referred to as (enterprise) total cost of ownership (TCO); develop benchmarks and analytics that help describe the absolute and relative nature of these spending patterns; and then, use the findings to confirm, deny, expand the prevailing [...]
#DigitalFrontier: Guiding Lights for the Analog Galaxy
Before everyone heads off to worship at the Altar of Tryptophan for a few days, I wanted to share some updated analysis: (I promise to keep it as short as possible, but unfortunately no less dense than usual.) In a recent post, #Technical Leverage: Can You Defy Your Scale?, I added Google’s (and Virtu Financial’s) RPE (revenue per employee) analytics to our core assembly of the 51 largest global banks. Given Google’s stand-out RPE of US$ 1.23 million [...]
#TechnicalVirtuosity: The Player is the Special Sauce
Once upon a time, a few clicks back into my youth from now, I fancied myself a fairly decent piano player. That illusion came to an abrupt demise when I met Fred Johnson. On the surface, Fred was as milquetoast-Midwestern as they come. You might have expected hay to fly out of his mouth when he spoke. But, that assessment would have been seriously flawed, as I soon learned. It turns outs that Fred was blessed with perfect [...]
