We are pleased to announce that Solidatus has been selected as a UBS Future of Finance Challenge finalist, in the Smart Risk Management category. Hundreds of global submissions were received by UBS, with our submission “standing out as an innovative way to tackle their challenge of using technology to change the way finance works and how banks meet their clients' needs,” said the UBS selection committee.
I was invited to present on the topic “Financial Services in the Cloud” at BrightTalk’s Data Management and Analytics in Financial Services Summit held July 16th to 18th, 2019. I immediately started to reflect on the past decade and how fortunate I've been to be involved in a large number of data rich projects, ones that have required lots of diverse considerations as to how information is handled. These have traditionally always been very manual and time-consuming, inevitably expensive processes. From a technologist’s point of view, anything manual is worrying, prone to error and in the end, make IT look bad.
Solidatus has four thematic areas where we believe it is critical to understand the flow of data. One of these is transformation and it is this area that has become a source of some debate recently. There is a lot of fashion about transformation currently with a large part of the debate driving the conversation around DevOps. Now, I like DevOps in principle, it is attractive to any software engineer who wants to get value out for a customer quickly with little risk.
Do you ever get the feeling that the world is coming around to your way of thinking? At Solidatus we have been part of a lot of projects that have spent a lot of money on some really mundane things. For example, I cannot think of anything less sexy than mapping data from one schema to the next only to see someone change something and for the mapping to become useless meaning the whole task needs to be done again – rinse and repeat.
We have all had one of those awkward conversations, you know the ones where someone comes up to you and starts talking like they are an old friend. They know your name, they know things about you that can only have come from you. The only problem is that you cannot remember them. You stall, play for time, try to prise loose that illusive piece of information that will make a connection in your brain to dredge up the information needed to recall their name. Perhaps you have a strategy, mine is to introduce a friend (assuming I have one handy) and hope that they complete the introduction and fill in the blanks of your relationship.