The fast track

Modern trading and risk technology systems are large and complex, but banks are becoming increasingly wary of running into implementation difficulties. As a result, technology vendors are packaging their systems so they are quicker and simpler to get up and running. Clive Davidson reports

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Banks everywhere are sending directives down through their organisations: improve controls and risk processes, and reduce budgets - and do it now. Banks must take urgent measures to plug holes in risk management, and where they are not initiating such projects themselves, regulators are on their backs to see it done.

Improving controls often means automation, which in turn means new or upgraded IT systems. But technology implementations are notorious for bloated budgets and broken deadlines

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