Download Information Technology Trend in Development Banks

Survey
yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Document related concepts

Personal information management wikipedia, lookup

Collaborative information seeking wikipedia, lookup

Incomplete Nature wikipedia, lookup

Personal knowledge base wikipedia, lookup

Knowledge representation and reasoning wikipedia, lookup

Transcript
Information Technology Trend
in
Development Banks
Alberto Rosati – Latin America Banking Business Development
[email protected]
Prelude
“ The dramatic events ushering in the new
century—from globalization and a final, major
wave of consolidation to regulatory changes and
technology breakthroughs—are compelling
development banks[DB] to turn their focus toward
efficiency and country relationship development.”*
*Goliath Industry and Market Reports on Bank Systems and Technology
2
Is real IT transformation likely to take place?
Three converging forces appear to make it
unavoidable:
 DBs spreading across geographies
 Financial transactions are commoditized
 Regulatory demands are unprecedented.
3
Drivers to IT transformation
The next 10 years will be defined by:
Accelerated expansion
Process efficiency
Greater Country sophistication
More intense regulatory demands
Opening up markets in existing and new member countries
4
Challenges Faced By Development Banks
DBs require real time system control on their operations
DBs are unable to effectively track the development results
 The credibility of the financial reports becomes questionable
Systematic Development Bank-wide management of data
Risk measurement and management is becoming increasingly
complex
5
Advantage IT
An effective IT Solution provide:
 Operational effectiveness, internal efficiency
 Collaborative tools to help create, cultivate, and disseminate
knowledge.
 Accessibility to data, information, and knowledge.
 The ability to easily search across and retrieve relevant information
 A project management system based on complete project lifecycle
 A resource management system which improve linkages
6
Plan for 21st Century IT Transformation
 Focus on improving the internal efficiency and Country centricity
Go horizontal…
 Make the transition from banking operations in silos to an integrated
organization.
Balance objectives in IT strategy…
 Balance the use of technology resources to support revenue growth
Focus on governance…
 IT to align with business strategy to improve returns on IT spending.
 Strategies addressing enterprise architecture, process automation and
member analytics
7
Need of the Hour
• The information systems and technology infrastructure must be
improved to:
 support the results-based agenda and
 Align the systems with the new organizational structure.
• And to support DB’s three major information systems initiatives:
 Knowledge management
 Project processing and portfolio management
 Program resource management
Latest Facts:
• World Bank IT strategy took the approach of building up integrated systems for sharing of information with
member countries
• IFC has provided the user interfaces to access existing information, while gradually replacing the older mainframe
systems
• IDB has developed facilities using portal technology to provide access to many disparate systems .
• IADB is planning for implementation of Integrated IT Roadmap to synchronizes their ORG structure
• ADB’s initial portal applications are designed to provide access to knowledge management applications
Source- ADB’s information Technology Strategy and Capital Expenditure Requirements: 2004–2009 and
IADB website
8
Identify the IT Role…
IT enhances the capacity to review project processing and portfolio performance
IT monitors performance against Millennium Development Goals
IT facilitate tracking of activities and investments under development Initiatives
IT systems provide the tools to report on project performance at each stage
IT supports improved planning, management, and reporting on resource management
IT supports documentation on study reports for evaluation and record lessons learned
9
Hot Solutions for DBs
A comprehensive solution should synchronize with business operations.
Some of the latest solutions are:
 Lending Solutions with an eye and ear to the ground
 Innovative Knowledge Management Solution
 A comprehensive IFRS solution
 An effective development outcome tracking system
 Creation of Central Repository -Operational Data Store(ODS)
 Setting up of an extension of DB’s IT Department in a cost effective
professional atmosphere-Offshore Development Centers(ODC)
Source-IFC Capital Budget 2008
10
e-Loan System
11
Integrated Loan Administration Platform
Loan Administration Database
Client Connection
Loan WEB, Loan Tracking
System,
Loan Data
Warehouse
Loan Database
Other Systems
Financial
Database
Loan
Administration System
[LAS]
Controller’s
Data Warehouse
Loan
Kiosk
LAS WEB, LTS,
Loan Database
Loan System
Knowledge Management(KM)
Identify
Knowledge
Discovery Tools
Data Mining
Test
Retrieval/Mining
Diffuse/Use
Collect/Codify
Information
Feeds Intelligent
Agents
Knowledge
Database
Document
Depositories
(Data Warehouse)
Decision Support
Groupware
Video
Conferencing
Create
Thinking Aids
Conceptual
Mapping
Infrastructure: Networks-Internet ; Intranet
Latest Facts:
ADB A KM-framework was created in 2002.In June 2004 IT strategy was implemented.
AFDBThe Bank’s knowledge management capabilities have been upgraded through the introduction of an Integrated
Knowledge Management System via intranet and internet sites.
Source-Knowledge Management for Development Journal, Vol 1, No 2 (2005) and AfDB Annual Report 2005
12
ODS Overview
ODS is a central repository for corporate-wide data sharing
Data from transaction systems is loaded in the ODS
Stores historic data from transaction systems
Provides view for other systems for their central reference
 ODS-design establish an efficient mechanism to store and retrieve
valuable business information.
13
Advantage ODC
Infrastructure, Security as per client’s Office Standards
Savings in capital expenditure
Retention of Knowledge - Business and Processes
Accountability for Productivity and Quality of Deliverables
Resources 100% dedicated to Program at a blended rate
ODC operating in a different time zone speed up development
time
Flexible Pricing model (T&M, Fixed Price, Hybrid)
14
Takeaways…
• Information on how IT mitigate DB’s business challenges
• The universal high level IT roadmap
• Information on comprehensive IT Strategy
• Sharing of IT experience in developing solutions for
Development Banks
15
Alberto Rosati – Latin America Banking Business Development
[email protected]
www.satyam.com
16