The Accounts were Pounded
by Remy Porter
in Feature Articles
on 2013-07-15
Shortly before the global banking system chucked itself out of a 30 story window, one large bank purchased another. It may be a common financial transaction, but from an IT standpoint, the problem of integrating these two systems is always unique, always cumbersome, and fraught with problems. Sajid was one of the lucky individuals tasked with the great undertaking of moving these banks to one information system.
Sajid’s business contact at the new acquisition was Karel. The latest round of requirements from Karel described a system to track the movement of trade data from his office, in the Netherlands, to Sajid’s, in London. The underlying business logic was simple, but the nature of financial data added layers of complexity. Moving data around was insufficient- there needed to be auditing, tracing, regulatory compliance. The project needed a risk management plan, the tool itself needed a clearly documented backup and recovery plan, and on top of all of that there was the simple management overhead of doing anything in a large organization.