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. […]
In our increasingly connected world, cybersecurity has become a vital aspect of daily life. Protecting our personal information, sensitive data, and online privacy is more important than ever. To help you navigate the complex landscape of cybersecurity, we’ve put together a guide covering the latest threats, essential tips for online safety, and crucial tools to keep your digital life secure. […]
Hey there, gaming enthusiasts! 👋🕹️ As technology continues to evolve, so does the world of gaming. With virtual reality (VR) and augmented reality (AR) making waves, the future of gaming promises to be more immersive and engaging than ever before. Let’s take a closer look at these exciting innovations and what they mean for the gaming landscape moving forward. Virtual […]
Artificial intelligence (AI) has been making remarkable strides across various industries, and healthcare is no exception. From enhanced diagnostics to personalized treatment plans, AI is revolutionizing how we approach medicine and patient care. Let’s take a closer look at some of the ways AI is transforming healthcare and what it means for the future of medical practice. Improved Diagnostics AI-driven […]
Quantum computing has been making waves in the world of technology, promising to reshape the way we approach complex problems and revolutionize various industries. But what exactly is quantum computing, and what implications does it have for our future? Let’s dive in and explore this exciting new frontier in computing! What is Quantum Computing? In a nutshell, quantum computing leverages […]
The world of technology has some incredible surprises in store for us. From AI-powered devices to cutting-edge wearables, we’ve compiled a list of the top 10 must-have gadgets that will redefine the way we live, work, and play. Let’s dive in and explore the future of tech! 🌟 Next-gen smartphones The future of smartphones is all about flexibility and power. […]
As a Java developer, understanding and applying essential software development principles is crucial to creating high-quality software. These principles, including SOLID and DRY, provide guidelines for crafting efficient, maintainable, and scalable solutions, setting a strong foundation for successful software development projects. In this blog post, we’ll provide a high-level introduction to these principles and their importance in Java development. SOLID […]
While working at a medium-sized bank in Ireland, I discovered the UK’s Open Banking Initiative and began searching for opportunities in the UK to explore this intriguing technology and concept. Eventually, I joined a large commercial bank with its headquarters in the UK and a global presence. One feature of Open Banking that I found particularly exciting is the ability […]
I have been working in the Financial Services Industry for quite some time now, and I am still learning every single day about the various things that banks can do and are doing. One of the most fascinating subjects related to Retail Banking Technology, is Fractional Reserve Banking, and in this article, I am going to share with you what […]
After a short time working on Biometrics Authentication, I felt I had learned everything I needed to know about the technology, so I decided it was time to move on and join the Financial Services Industry. While Retail Banking Technology may not be as exciting as Biometrics or Location Intelligence, it proved to be a very rewarding experience, as I […]
If there’s one company I was most excited to join, it was the Biometrics Authentication Firm in Dublin. In 2016, shortly after delivering a mobile app for a major Irish bank, I discovered biometrics authentication. I was so fascinated by their technology that I purposely lowered my salary expectations to incentivize the company to hire me. I spent the first […]
One of the most intriguing projects I worked on as a Software Engineering Consultant was for a major Irish bank back in 2014, when mobile technology and applications were just beginning to make a significant impact. I collaborated with some of the most skilled frontend developers and analysts to develop a Mobile Account Onboarding system, which was perhaps one of […]