Finance and software engineering are not two parallel lines; finance needs software engineering’s help to grow and keep pace with today’s demands and competition. One popular opinion is that software engineers should become part of banks’ core business and help transform the entire concept of banking.
However, in order for that to happen, software engineers must not be treated as second-class citizens; development units have become a primary producer of business value, so why not admit that without them growth would be futile?
Changing the status quo of Finance
The technological needs of the finance industry include aspects such as Continuous Delivery, Java, Big Data, machine learning, low latency etc. By embracing these elements, the finance sector can change the status quo and co-exist with what appears to be a fierce opponent: FinTech.
How should banks respond to FinTech? Acknowledge that disruption is here to stay, find ways to partner and transform challenges into opportunities. This way, the digital future can belong to both “traditional” banks and disruptors – provided that software engineering takes center stage.
Thirsty for more? Open the magazine and see what we have prepared for you.
Inside this issue
“Banks understand that technology is no longer just a tool — but a core skill”
Interview with Eric Horesnyi
“Technology not going with finance is like saying macaroni doesn’t go with cheese”
Interview with David M. Brear
Payments are about to change
The traditional banking sector is much more “intrusive” than Bitcoin
Interview with Paolo Tasca
Looking beyond the blockchain hype
The use of Java in finance
The Leprechaun Trap
What can you do to minimize the risk?
Don’t fall into the “rewrite from scratch” trap
Eclipse Two: “I want to use Electron as a vehicle to rethink the IDE experience”
Interview with Doug Schaefer
“In a way, Apache Beam is the glue that connects many big data systems together”
Interview with Davor Bonaci and Jean-Baptiste Onofré