When working on financial services projects, we often encounter industry jargon that can be confusing. While it is possible to treat these jargons as variables such as X, Y and Z and still deliver high quality work, understanding these terminologies will make you appreciate your job even more. The term ‘financial institution’, for instance, evokes images of stately banks and […]
A Payment Credit Alert (PCA) is a notification that is sent to a counterparty when their credit exposure to another party exceeds a certain threshold. The threshold is typically set by the counterparty’s risk management team, and it is based on a number of factors, including the counterparty’s financial health, the size of the transaction, and the terms of the […]
Counterparty credit risk is the core concern that one party in a financial contract will default. Let’s explore some common terminology used in counterparty credit risk technology and management. Key Terms Explained Counterparty Credit Risk – The risk that a counterparty defaults on obligations in a financial transaction before settlement. This results in potential losses. Margin – A deposit one […]
In the intricate ecosystem of financial markets, the Over-the-Counter (OTC) derivatives market holds a position of significance. Unlike the traditional stock exchanges where trades occur in a centralized, open forum, the OTC derivatives market operates more discreetly, often puzzling those unfamiliar with its nuances. In this blog, we will unwrap the layers of the OTC derivatives market, shedding light on […]
Derivatives are common but often misunderstood tools used in finance. This post explains what derivatives are, how they are valued, and how traders buy and sell them. What are Derivatives? A derivative is a financial instrument whose value depends on (or ‘derives’ from) the value of an underlying asset or set of assets. These underlying assets can be stocks, bonds, […]
Counterparty credit risk (CCR) is a major concern in finance. CCR is the risk that a counterparty in a financial contract won’t meet obligations. Technology is transforming how institutions manage this risk. This post looks at key innovations improving CCR management. What is Counterparty Credit Risk? Before delving into the technology behind it, it’s crucial to understand what CCR is. […]
I have attended thousands of scrum meetings throughout my career as a Software Engineer, and I’d say not all scrum meetings are created equal and so In this blog post, I’d like to talk about what is generally considered as best practice for running a scrum meeting or at least how I think a scrum meeting should be run. As […]
Despite the numerous innovative solutions and advancements in various aspects of human development, it’s puzzling to observe that people worldwide, including those in highly developed countries, seem to be experiencing increasing poverty. The growing inequality, dwindling job opportunities, and mounting problems faced today compared to the past give rise to concerns about the future. One might wonder what factors contribute […]
When creating a new database, one of the first decisions you’ll make is what to name it. The database name may not seem like a big deal, but following naming conventions and best practices from the start will save you headaches down the road. In this post, I’ll walk through guidelines on crafting clean, consistent database names that clearly communicate […]
When you start learning the Spring Framework as a junior software engineer, you quickly discover the importance of naming conventions. While navigating codebases full of configuration files, annotations, beans, and more, sticking to established naming practices ensures code readability and consistency. Mastering Spring naming basics allows you to convey information through intuitive names instead of leaning on comments or documentation […]
If you’re reading this, chances are you’ve heard about GitHub and want to learn more about what it’s all about. As a beginner, GitHub may seem confusing and complicated at first. But don’t worry, with this beginner’s guide, you’ll be on your way to mastering GitHub in no time! So What Exactly is GitHub? GitHub is a web-based platform that […]
Arrays and ArrayLists are two of the most commonly used data structures in Java. Both are used to store collections of elements, but they have different characteristics that can impact their performance. In this article, we will discuss Array vs ArrayList Efficiency in Java: A Big O Notation Comparison. What is Big O Notation? Big O notation is a mathematical […]
Computer networks refer to a collection of devices connected together, allowing them to share resources and communicate with each other. In today’s digital age, computer networks have become a crucial component of modern technology, powering everything from social media platforms to financial transactions. In this article, we’ll discuss why should students learn computer networks. What are Computer Networks? A computer […]
Software engineering is an essential part of computer science, which involves the development, maintenance, and testing of software. It is a critical field that helps to ensure that software applications are reliable, efficient, and safe to use. In this blog post, we’ll explore the top 5 reasons why computer science students should consider taking the software engineering module. Learn about […]
As a computer science student, you are probably aware of the different modules and classes that you will need to take in order to complete your degree. One module that should be on your radar is Web Development. In this class, you will learn how to create web applications using various tools and programming languages. Here are 5 reasons why […]