From Transaction to Action
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(0)Overview: The banking industry faces numerous challenges. The spectrum of innovations that has accompanied the advent of electronic banking has helped the world’s economy grow and prosper. However, our technical and management systems couldn’t provide the warning signals of risk concentrations, overleveraging or underpricing that underscored the unprecedented risks being taken by the industry. Client trust was severely damaged by the calamity resulting from this unmitigated risk taking. In this white paper, we explore the various ways information technology (IT)—and in particular, business event processing—can help banking industry leaders build a smarter system to help meet the industry’s unique challenges and protect the world’s money supply and investments into the distant future.
