Challenges To The Core Banking Solutions Implementation Projects – Part 2

This is a sequel to my previous entry, titled “Challenges to the Core Banking Solutions Implementation Projects – 1.”

Continuing on the problems faced in core banking solution implementation projects, let us look at some other problems.

Lack of IT Resources with Banks
Usually, the core banking solution vendors claim to offer lower overheads, advanced technology, lower maintenance costs etc. After all, such claims win the clients and especially their finance people, as they see IT as a big cost center instead of a strategic asset. Vendors are also aware of the fact that the banks will calculate a minimum of five years total cost of ownership (TCO) before they make any decision about a vendor and its solution. If the system requires a large number of IT resources, it will reflect negatively in the TCO spreadsheet. They thus would not recommend the banks to hire the adequate sized IT team. Even if they are forthright about it, the banks may not take the suggestion that seriously, and try to bargain this number. Also, banks are not that big on IT and the trends in software, such as Agile Methodology and other object oriented frameworks. They thus cannot, or find it hard to appreciate the roles of user experience, documentation, quality control and quality assurance engineers. Ironic, isn’t it? During negotiations with the application vendors, the same bank managers vouch to create their own IT team to manage the solution during and after implementation. They ask the vendors to train their teams on the technology and features so that the bank could reduce dependence on the external vendor. Yet they do not hire enough people.

In my experience, I haven’t even heard about a single bank going for ISO 9001:2000 compliance. But don’t be misaken here: a number of banks are very active on IT security and service delivery. While this is a good trend that shows that the IT managers of the banks are waking up to the security threats and service delivery, they are not aware of the software development advancements.

Lack of Experienced Project Managers
A bank changes its core banking system once in decades. Same goe s for any other IT solution that a bank purchses, such as credits, risk management, middleware and the likes. Also, such projects are so large that it is difficult to find project managers from the market with experience of similar sized projects. The project manager is expected to provide insight, skill, communication and foresight to steer the project in the right direction. While a project manager can bring skill and communication, if he/she is not from the banking arena, the foresight, risk management and insight will be missing. A newly inducted project manager will also face issues in taking control of the things because he/she is a new entrant.

Missing Comprehensive Training Programs
This problem hits the implementers and the banks, both, and equally hard. The way banks and implementers lose their IT manpower, there is almost always a dire …

Best Banks in India – List of Top Indian Banks

ICICI Bank is one of the best banks in the country, receiving many top awards such as the “Best Bank in India” by Euromoney. It has won the “Banking Technology Awards 2010” at The Indian Banks Association in a number of categories including: “Best Financial Inclusion Initiative” (first prize), “Best Online Bank” (runner up), “Best use of Business Intelligence” (runner up), and “Technology Bank of the year” (runner up).

Bank of Baroda is a leading nationalised bank in India. It has received Financial Inclusion Award 2011 instituted by Skoch Consultancy Services Pvt. Ltd. Bank of Baroda has also received many awards and recognition, such as the “Bank of Year 2010 – India” in The Banker Awards 2010 of “The Banker” Magazine; the “Elite Category Award” for “Excellence in Marketing and Brand Communication” for 2005; the Best Bank 2010 award by Business India in recognition of its consistent performance, to name a few.

HDFC Bank is one of the best and safest banks in India. It has received numerous awards, some of which include: Best performer in the Banking category (FE-EVI Green Business Leadership Award ), Best Cash Management Bank in India (The Asset Triple A Awards), World’s Top 1000 Banks (The Banker Magazine), Customer Responsiveness Award – Banking & Financial Services category (Avaya Global Connect 2010 ), Best Trade Finance Provider in India for 2010 (Global Finance Award).

Deutsche Bank is a leading foreign bank in India, offering a broad range of high quality banking products and services like private banking, insurance, investment, wealth management, credit cards and loans. It was named “Best Investment Bank in India 2009” by the Euromoney Awards for Excellence.

YES BANK has been recognized as one of the best and the fastest growing banks in various Indian Banking League Tables. It has been ranked 2nd amongst New Private Sectors Banks while being ranked 1st on the key parameter of Growth, among 64 Private, Public and Foreign Banks in India at FE Awards for India’s Best Banks.YES BANK’s Investment Banking Group was rated 1st in M&A ‘Outbound Cross Border Transactions’ and 5th in M&A ‘Overall’ category in the Bloomberg league tables in 2006.

Please visit the relevant guide for more information on the best banks in India.…

Restaurant Career

Studies on the United States’ restaurant and food services sector have shown that the industry is one of the fastest growing, with the number of food managers touted to rise by around 45,000 annually starting the year 2014.

In fact, data from the National Restaurant Association attest to the fact that plenty of job opportunities are available for people both from within and outside the industry. It is for this reason that more and more people are getting interested and increasing their investment on restaurant and food services training and education.

What the Industry is About

The foodservice and restaurant sector covers areas such as catering, casual family diners, fine dining, chef-owned bistros, resorts and casinos, motels and hotels, cruise ships, fast food chains, theme parks, schools, company cafeterias, hospitals and just about wherever the preparation and selling of foodstuff is present.

To date, there are about twelve million jobs in this sector alone. It is one of the most widespread because food is a basic necessity. That’s why many entrepreneurs say you can never go wrong when you enter the food business. Food services exist in every city, state and country, from the most metropolitan of environments to the most quait and far-flung locations. Due to such, employment opportunities in the restaurant industry is always high.

A career in the restaurant and foodservices industry does not mean simply asking the customer if he wants a side of coleslaw to go with his chicken. It is more than that. You will also have to hone your people skills in order to properly interact with the customer, as well as practice stellar hygiene and good grooming. A restaurant that does not demand so from its employees is no good.

In fact, even without the restaurant owner telling you how to conduct yourself on the job, it is your personal responsibility to make sure that customers all satisfied, happy and very much keen on coming back.

What Sort of Training Do You Need?

Most hole in the wall restaurants start from scratch. That is, without the formal education and training to set up and operate such a business. Some of the older and pioneering institutions began from owners’ very own kitchens, without so much as a bachelor’s degree to their names and, still, their restaurants continue to grow and thrive with the times.

However, the industry is growing at around 12% each year and the demands of the customer are getting more and more cosmopolitan. While zero training can be offset by pure dedication and interest in the restaurant and foodservices business, there also are strong arguments in favor of acquiring the right education and formal training needed for the job.

Education is useful given the changing times. With globalization at an all-time high, it is important for those engaged in the food business to keep themselves up to date and knowledgeable with the latest trends. With travel and communications booming at an alarming rate, the restaurant sector has the responsibility to …

Horoscope of Libra 2012

Some basic qualities of people born under this sign are:

Well-built intelligence of integrity, extremely good-looking, very much loving brain, ornate mood, flexible talent, terrific research, massive wealth and prosperity, outstanding elder sibling, authority of thought, most excellent respiratory system, So , we can assume here from that people born under this sign are on the whole, romantic, job oriented and probably the top lover than the people born under other Zodiac signs. Librans normally shine in romantic literature, law and judiciary, commerce and far-off projects, trip and journey and so on.

2012 forecast of Libra horoscope is given below.

Libra Moon Sign Horoscope: (2012)
2012 seems much better year than the previous year in all respects. Slowly you will feel rational peace resolutions to different problems. You may face health problems during this year and medical expenditure may increase. Planet Jupiter, symbol of luck and success will aspect your sign almost throughout the year, you should not hesitate to stand up for your privileges.

2012 Love/Family Horoscope (Libra)
This year,Librans will be trying to resolve a difficult and may be impenetrable circumstances in personal and love relationships. Aspect of the Jupiter makes you more brave, stubborn and sovereign that will have an effect on relationships with your spouse. A new love is possible to come in your life and that can have an effect on your presented relations, so a disintegrate will be most expected. Divorced couples will start struggle for joint assets and the future of children in 2nd half of 2012. A romantic encounter is most expected in the month of february, June or 2nd half of August, that can change the entire life indubitably.

2012 Health Horoscope (Libra)
The 1st half of 2012 is looking quite satisfactory regarding health of Librans and no serious diseases are likely to occur but in the 2nd half, however, presented diseases will expose themselves, or latest ones will rapidly become visible. These people are suggested to be more considerate and lessen the danger of distress and mishaps. Progress in family life and familial synchronization is portended. Sleep apnea, gastric problems, arthritis and mental stress designated till the month of July. Remaining year will be affirmative regarding health.

2012 career/ profession/ Horoscope (Libra)
After July, money troubles get resolved and growth in career obviously expected. Promotions and attainments of comfort goods will be there. The tediousness that you have been practicing for the last whole year will be eradicated.

2012 business Horoscope (Libra)
2012 indicates motivating and successful professional life. Beginning of a new project is looking possible . Correspondence with associates from other cities or countries is fairly victorious .Some Librans will think of buying business properties and will be able to put new projects in 2nd half of 2012.Last quarter of January, February, June, 2nd half of August and the month of October are the most successful months of the year. Sadistic disagreements will break out in the 2nd half of 2012 & the month of November will …

Scorpio women

The Scorpio woman is very particular. She is better about herself when she is strong. Added to this, has a great ability to jump over obstacles and difficulties. Never give up because they work hard to win.

They have a great imagination and intelligence, but are not fully aware of that ability. However, once they do, they can exploit their full potential, and be very good in almost any field they choose.

There have great chances of having a very positive development in their life. The exceptionally strong vibrations of Scorpio, combined with their ability to self-control, give them an extraordinary ability to achieve excellent results.

On the negative side, they tend to be compulsive pleasure-seeking, so they can use a lot of determination only for the purpose of seeking personal satisfaction. Can have influence over others, but struggle to improve their own being.

Anyway, they can be very effective in matters relating to business and finance. Are trustworthy and safe, and have the ability to help others even beyond their limits. However, if they do any damage, it will be substantial. Nor do they pay much attention to the feelings of their subordinates.

The Scorpio women are dynamic and think very fast, so they can, with a strong wit, beat their opponents. With their ability to make the right contacts at the right times, can get very high in life. They want a high quality life and are able to achieve it.

Mental attitude

Have an inclination to have a logical mind and strong willpower, determination and an independent nature. They have the ability to do original research, and tend to draw profound conclusions about the mysteries of nature.

Mentally, can address almost any situation, and bring more benefits to them.

Physical Appearance

Scorpio women have a broad face, a dominant look, muscular body, and normally wear their hair short and curly.

Their hands are usually long and the stature is above average. The body is well proportioned and overall impressed personality.

Have a look in their eye, and a glow on the skin that makes them different from the rest.


They have a strong constitution and good health. Rarely have health problems, but if they occur, will take time to heal. Reproductive organs and the gallbladder are their weaknesses.

They may also have problems like insomnia, inflammations and disorders related to excessive heat in the body.


Have plenty of money and be able to manage their finances well. Will also have a strong tendency towards speculation and will be located in places where they will gain a lot.

Although the cost related to earnings is very good, the savings are not substantial for them, which lead them in time of needs and difficulties.

Romantic and sexual life

Are quite attractive and appealing to all men, but may find it a problem to choose the right man for them.

Romances tend to be slow, the style of a storybook. Enjoy the love, but can not always feel …

Cheap Trampolines That are Fun and Safe?

If you’ve been thinking that trampolines are too expensive for your checkbook to handle, you may be surprised at how cheap some of the budget models actually are. Manufacturers realize that not everyone can afford a deluxe trampoline with all of the bells and whistles and many of them have developed a line of cheap trampolines. Some people are afraid to buy a cheap trampoline because they think of poor workmanship or unsafe products when they hear cheap. However, lower cost trampolines are actually referred to as budget trampolines by the manufacturers and are simply a bit more cost effective.

Of course, not every budget trampoline is made the same way. Models that are made by a reputable manufacturer, such as AirMaster or Jumpking, are going to be made following the same safety standards and using the same quality workmanship used on more expensive models. Unbranded trampolines may not be made with the same attention and care and could be badly made or even unsafe.

If you do not consider the manufacturer and quality of the product as you look for a cheap trampoline, you may find that your enjoyable new purchase is nothing but one big frustration. Having your cheap, shoddily constructed trampoline break while the kids are jumping on it for the first or second time means that you’ve spent twenty five to fifty dollars a bounce! Of course, a poorly built trampoline is not just an annoyance; it is a safety hazard. You won’t want to risk the health of your children with an unsafe model.

Luckily, there are quite a few trampoline manufacturers that care about quality and safety, even when they are making products for their budget lines. One clue that can help you decide if a company cares about its products is whether it stands behind them. If the budget trampoline you are looking at doesn’t offer a guarantee or a warranty, then the manufacturer may not believe in its own product to offer one.

As you begin your search for a quality budget trampoline, you may be wondering if you can even afford to buy it. However, a basic eight foot round trampoline for beginning bouncers can be as inexpensive as $160 from an online store. This usually even includes shipping. If this is still a bit higher than you can afford, check out eBay. There are quite a few trampolines on eBay and many of them start at around $40. While some of these are used models, there are new ones, as well. Factories that are cleaning out their warehouses or companies that are having to liquidate their stock often use eBay to sell trampolines at wholesale prices.

If you prefer not to use eBay for major purchases, there is another option that may make that budget trampoline more affordable for you. Ask the online store of your choice if there is a financing option for more expensive items. As you check around, you may discover that some stores even provide interest …

A Point of View 2

  • Another facet of capitalism which is sometimes overlooked is the phenomenon of corruption. A little while ago, I heard it said that about one quarter of Africa’s GDP is siphoned off to corrupt elites. This is just beyond belief. Even so-called aid money – ostensibly intended to bring relief to that continent’s wretched millions – is considered fair game. A 2007 report estimated that corruption costs Africa something in the region of $150 billion and reckoned that most of this cost is carried by the poor. The net effect of this is that prices are 20% higher than otherwise would be the case, investment is discouraged, and development held back. Obviously, corruption is far from being an exclusively African phenomenon. It may not be as pervasive and overt in the so-called developed world, but it most surely exists there, like some fungal infection in the dark murky world of finance. Needless to say, greasing palms would not and could not happen in a society based on the principle of ‘from each according to his ability, to each according to his need’. Nor would people have cause to feel jaundiced and cynical about others in society; something which is capable of eroding social cohesiveness and thereby creating alienation.
  • One of the most compelling arguments in favour of communism is that war and the preparation for war are almost integral to capitalism. Whatever protagonists may claim, wars invariably involve a dispute over economic interests. In some instances, this may be fairly obvious: One side may declare war on another over some piece of territory, a trade route, or access to a particular resource or market. All colonial wars are clearly economic, with a nascent, indigenous bourgeoisie seeking to assert its interests against a colonial power. In other instances, the economic basis may be harder to discern beneath the blather about ‘freedom’, ‘sovereignty’, ‘terror’, or ‘jihad’, But it most surely underlies such conflict, whether it amounts to a desire to secure strategic interests in a particular region, or relative poverty becoming the recruiting sergeant for religious or nationalist groupings seeking to wage a war. What also has to recognised nowadays is that many, if not most wars, do not conform to the classical model of two or more states becoming embroiled in a decisive and time-limited conflict. Many amount to – what with unintentional irony are termed – civil wars. But here too, economic interests or factors – are inseparably bound up with these wars, as has been  demonstrated by the rival factions in Sierra Leone’s cruel little civil war seeking to control the production of ‘blood diamonds’ or the Taliban’s amusingly impious attempts to manage opium production in Afghanistan. Setting aside the horrendous misery and psychological damage visited upon those who survive capitalism’s wars, the material cost of these wars (which have continued unabated ever since that ‘War to end all wars’) is incalculable: Beyond the obvious costs of waging wars and the ensuing destruction of homes, offices, factories, schools, hospitals, roads,

Why You Should Have A Pre Employment Screening Program

The frequency of employee theft and violence is increasing every year. However many companies still do not subscribe to a good quality pre-employment screening practice. The cost per employee for basic background and credit checks are minimal when compared to the statistics listed below. The impact on business and the country in general is incalculable.

People are just not as honest as they used to be. Lots of job applicants each day choose not to divulge their criminal past and just as many companies choose not to investigate. Each and every applicant should be subject to a national criminal search at a bare minimum.

Employers should also be concerned with a potential workers credit standing. A person with shaky credit may not be the best choice for certain finance related positions. The fact is you cannot rely on a person’s word in today’s world. The stakes are just too high. For instance to replace a salaried employee it will costs about $8,000, to replace a mid level employee you’ll lose nearly $12,000 and if you need to replace a senior executive you could be out $44,000. This makes workplace violence is the leading concern of security managers and human resource personnel today.

“Workplace violence is the leading concern of security managers in America’s largest corporations” – Security Magazine

Here are some alarming statistics:

30% of all businesses close as a result of employee theft

$40 billion/year is lost to businesses because of workplace theft

$450,000/year is the average cost to mid size and big business for embezzlement

$36 billion/year is the cost to businesses from workplace violence

60% of workers experienced violent incidents in their workplace- Workplace Violence Survey / Society for Human Resource Management

750%-The increases in workplace violence since 1998

25%/year-Workers reported that they have been threatened / attacked in their work place

Homicide is the leading cause of job-related death for women. Homicide is the second leading cause of job-related death for all workers

Do you know who you’re working with? Does your company run each applicant through an employment screening process? Well I hope so for your sake.

There are way too many risks in business you cannot just screen away, so don’t turn a blind eye to an easy to cure situation.…

Does Agile Work?

I want to get started on this short article by mentioning that, at one particular time, I used to be not a proponent of Agile in the slightest degree. I labored over an amount of assignments, which ended up stalled or failing, called agile projects. In a nutshell, they have been definitely a warped standpoint of “Agile”, or what everyone thought was “agile courses sydney”. In reality, these initiatives have been the identical old Waterfall/ SDLC projects, making use of the conferences and terminology of Agile.

Does agile work? Much like any software, when applied appropriately it works. However, all through my profession, I have witnessed it staying implemented incorrectly, whereby a single environment soon after yet another experienced contorted the methodology to fit quite outdated, inefficient processes, instead of re-evaluating the procedure to suit the methodology, which might have rendered an the best possible final result.

Will agile work in our environment? Agile has become thriving in many environments, substantial and compact, like some environments together with the most stringent requirements; for instance, Healthcare, Banking & Finance, Insurance, Technology and Retail with Payment Processing, to name but a few. Agile isn’t always a quick flipping of the switch, nonetheless. This is why I have coined what I refer to as my 35/35/30 rule. When implementing Agile, 35% of the group will jump on board with no question, a different 35% will convert over soon after some period of time, and then there is 30% that will not move and will have to be, let’s say, urged to move over. The biggest issue together with the 30% is that they can drag down the other 70% if executives do not mitigate this challenge promptly.

With all of that becoming said, why is there such a big push towards Agile? I would’ve to say that the biggest advantage of Agile is Quick Course Correction. Agile allows businesses to make changes quickly, reach the market faster and experience a faster R.O.I. 1 of the aspects I like most about Agile is the transparency and inspection. Of course, depending on whom you are speaking with, this may or may not be viewed as strength of Agile.

Why are there teams that do not like Agile? Over the years, I have found that those who are incredibly much opposed to Agile don’t actually have a problem with agile courses sydney itself; rather, they don’t like the visibility and accountability that comes with Agile. Personally, I have become an extremely big fan of the Scaled Agile Framework (Safe) by Dean Leffingwell, because of its ability to scale into enterprise environments, while rendering almost immediate results. Much of these results are attained by clear course of action and accountability that once may have been missing.

What about those environments that are having difficulty with agile courses sydney and its implementation? In my findings, I’ve noticed a consistency among those having difficulty with implementing the methodology. Agile is a methodology that does require full commitment, or there …

Investing properties accounting information

The overall objective of the financial accounting reporting according to the conceptual framework of the International Accounting Standards Table (IASB), is to provide users with the most decision-useful information. Measurement of investment property at fair value according to the IASB more relevant information than the alternative transaction-based historical cost, by presenting a value that represents the market value of the property, ie that it can be sold in a transaction at arm’s length, between knowledgeable, willing parties. The financial statements reflect the company as a direct return in terms of rental income and indirect returns in the form of changes in value of the properties. The goal is to provide users of financial statements relevant information. Unreliable information will not be relevant to a user of the financial statements. Type and extent of the additional information provided must be determined by how reliable fair value can be determined. Investment properties are valued primarily using valuation techniques based on expected future cash flows, the least reliable level measurement hierarchy to the IASB. The greater the extent that it is of judgment and uncertainty, the greater the need for qualitative and quantitative supplementary information in the financial statements.

The main provision of additional information relating to the valuation of investment properties IAS 40 § 75 letter d), which reads: “An entity shall disclose (… ) about the methods and significant assumptions applied in determining the fair value of investment property (… )” formulation is general and the specific requirements for information to be provided and the level of detail associated with these may be unclear. Interaction with IAS 1 is central and this standard requires disclosures about key sources of estimation uncertainty, see § § 116 to 120 Based on the wording, it is not possible to establish a comprehensive and accessible overview of all the information that must be provided when the extent and type of qualitative and quantitative information is situational. Which level of information that adequately protects the user’s account information needs to be evaluated against quality standards of the IASB framework. To assess the requirements of the standard, it would be natural to look to the present best practices recommendations. For example, the International Valuation Standards Committee (IVSC) and the European Public Real Estate Association (EPRA) has developed best practices-recommendations related to valuation, disclosure quality and presentation. The question will often be what the company should be disclosed and not what they should disclose. The purpose of best practices releases is to ensure comparability between real estate companies, as well as being a professional benchmark for valuers to meet user information needs. The objective is achieved by providing guidance on how information should be provided in accordance with IFRS and what additional information beyond that IFRS should be given (EPRA 2009), and to publish standards for valuation should be carried out in practice (IVSC 2005). But the publishers of best-practices recommendations are not standard setters, and thus has no authority to interpret or oblige companies an enhanced disclosure …