Category: Revenue Operations
So many software projects are related to reducing licensing risk, increasing revenue, or discovering unrealized value. The topics under this article specifically opportunities for value creation and technical issues that need to be solved.
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Payment Infrastructure Case: SWIFT GPI Improvement and Annualized Cloud Cost Savings
In the realm of global payments, the efficient and transparent exchange of funds across borders is paramount. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has long been a cornerstone of this process, facilitating secure communication between institutions worldwide. With the introduction of the SWIFT Global Payment Innovation (GPI) initiative, a new era of cross-border… Read more
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IBAN Account Closures
Getting off the plane in Finland came with a slew of interesting conversations in the metropolitan area back in October 2022 regarding digital infrastructure and continued strides for SaaS representation. During a practical customer case, a specific trigger for account closures at local co-operatives was highlighted as remaining undone. Here we highlight a pre-production macro… Read more
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Unlocking the Power of BizTalk Datasets with Modern DataOps: A Journey of Efficiency and Insight
In the realm of payment terminal offerings, Electronic Data Interchange (EDI) has long been a vital component for seamless data exchange and transaction processing. One such prominent EDI solution, Microsoft BizTalk, has been relied upon for years to facilitate secure and efficient communication between diverse systems. However, with the ever-evolving landscape of technology, it’s time… Read more
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Data Modeling at Banks: Unraveling the Star vs. Snowflake Schema Dilemma and Overcoming Transformation Challenges
Throughout my career, whether having this discussion with small fund managers or Big Bank executives, both star and snowflake schemas have found common use for data modeling and organization. Let’s consider a high-level snapshot example to understand when to use each schema and why developers may sometimes overlook the fundamentals of transformation projects. Star Schema:… Read more
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Strengthening Security and Revenue Protection: Moving Beyond Legacy PowerShell Scripts in Financial Institutions
Legacy PowerShell scripts have long been relied upon for various tasks at FIs, including transaction monitoring. However, as technology evolves, it becomes critical to address the potential risks associated with these scripts. In this article, we explore a specific real-world example where a PowerShell script processing error within Microsoft Excel led to a breach and… Read more
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Maximizing Profit in Physical Commodity Swaps: The Impact of Numeric Error and the Case for Strongly-Typed Cloud SQL
In the realm of physical commodity swaps, capturing every ounce of profitability ultimately keeps your shareholders happy and provides an added level of reputational protection. However, many market participants fail to recognize the potential profit leakage caused by numeric errors resulting from spreadsheet-based calculations. In this article, we delve into the significance of numeric error… Read more
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How Are You Thinking About Financial Data Sourcing in 2023?
In today’s data-driven financial landscape, the sourcing of accurate and reliable data plays a crucial role in investment decision-making, risk management, and regulatory compliance. As we navigate through the second half of 2023, it is essential for financial professionals to reevaluate their approach to strategic data sourcing. This article explores the key considerations and emerging… Read more