The Banking Dilemma – Business Versus Technology

It never ceases to amaze me that in the world of banking two different worlds can seemingly co-exist side by side, each oblivious of the other. There are many examples of this, such as “sound risk management” versus “business imperatives”. This particular issue lies, in my view, at the heart of the current financial crisis.

However, we are probably too preoccupied with financial crisis issues at the moment, so I don’t want to dwell on this here. I would rather muse on another paradoxical situation which I often, as a consultant, find so very frustrating. This is the “world of technology” versus the “world of business”.

By its nature modern banking is technology driven. Data processing systems have made the huge volumes of transactions that occur each day as well as the supply of the mountainous volumes of data dealing with and supporting these transactions possible. Yet the transactions in question are all driven by business imperatives, always at the behest of the customer.

While generally bankers at the “business” end can see the interdependence between technology and banking, the same is not true for “bankers” at the “technology” end. Neither is it really true for infrastructure providers, be they domestic or international, such as payment system operators, ACHs, payment processors, messaging service providers and the like.
There is another, almost self destructive aspect to this inability of one side to understand the other. This is the inability of each element (technology and business) to either understand or to apply the skills of the other to create a harmonious whole that melds the technology with the business’ requirements and other needs.

By not doing things or by not doing them right how many opportunities are missed? I shudder to think.

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Malaysia apologize violated boundaries in Ambalat

Pressure and stress that given the Government of Indonesia concerning block Ambalat bear results. Government of Malaysia finally apologize for any offense that made the war.

This is expressed by members of the House of Representatives Commission I, Yusron Ihza at a press meet at the terminal II, Soekarno Hatta Airport, after meeting with officials to Malaysia, Jakarta, Thursday (11/6/2009).

"We submit that Ambalat is the property of Indonesia. So we're going do not overlap, and they promise interesting akan patrol boat so it does not happen koflik physical," said Yusron.

In meeting the four officers present also in Malaysia including the Vice Chairman of the House of Representatives Malaysia Dato 'Wan Junaidi, Defense Minister of Malaysia Dato' Sri Ahmad Zahid bin Hamidi, Deputy Minister of Malaysia abroad Kohilan Pillay, The War and the warlord royal Sri Dato Sri Abdul Aziz Jaafar.

See progress, the more Yusron, the request that all parties can keep up and cooling down to a problem Ambalat. "Let's cooling down first," he said.

Yusron believes, claims Ambalat Indonesia property has been recognized internationally. One of the UN convention. Meanwhile, Malaysia only has a map in 1979.

"The law we supported many countries through the agreement. Meanwhile, Malaysia has only just a map," specifically.

If Malaysia violation in Ambalat, the government will impose a punishment to soldiers who do so again.

"Thus, the problem must be done Ambalat and followed up by the Indonesian government, such as determine the border, it is very important to avoid claims going back," said PDIP Andreas Pareira politicians who participated in the entourage

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bad weather causes the aircraft fokker 27 fall

The Air Force has blamed bad weather as the likely cause of Monday's deadly plane crash into a hangar when trying to land at an air base in Bandung during heavy rain.

The Fokker F-27 medium transport plane with tail number A-2703 had just returned from
a parachuting training session when the accident took place at about 1 p.m. at Husein Sastranegara Air Force Base.

The plane's six crew and 18 soldiers from the Air Force's Special Forces (Paskhas) were killed in the accident. Monday's crash occurred just days before the Air Force celebrates its 63rd anniversary on Thursday. Air Force Chief of Staff Marshal Subandrio said bad weather was the likely cause of the accident, with weather conditions at the time recorded as “TS RA”, or thunder, storm and rain. Twenty-knot crosswinds were also recorded blowing from north to south when the airplane was trying to land coming from east to west.

Horizontal visibility from the tower was only 2 kilometers, with cumulus nimbus cloud formations hanging at an elevation of 1,500 meters. “Complying with procedures, as the pilot could not see the runway, he was requesting a go-round,” Subandrio said at a press conference at the Air Force base. “Tower officials did not see the airplane either when suddenly they saw smoke in the hangar.

“So the preliminary conclusion is [the accident occurred] because of bad weather.”

The plane, from the 2nd squadron based at Halim Perdanakusumah Air Force Base in Jakarta, crashed into the aircraft service hangar of state-owned aircraft maker PT Dirgantara Indonesia (PT DI).

The base compound is shared with PT DI and a civilian airport. The plane exploded into a giant fireball upon impact, leaving rescue workers with the difficult task of identifying the victims. One rescue worker said they could only find body parts scattered around the accident site. There were five planes being serviced at the time in the hangar. A Deraya Air Service NC-212-200 suffered a smashed wing, while a Batavia Air Boeing 737-300 suffered minor damage.

Three other aircraft — an Adam Air Boeing 737-300, a CN-235 to be delivered to France and a Robinson light helicopter — were not damaged. The Air Force has set up an internal investigation team without the involvement of the National Transportation Safety Committee (KNKT).

Subandrio stressed that the F-27, built in 1976, had been certified airworthy and in good condition. “The crew would not have flown the plane had it been not airworthy,” he said.

Prior to the accident, the Air Force operated seven F-27s. President Susilo Bambang Yudhoyono has ordered Indonesian Military (TNI) chief Gen. Djoko Santoso to conduct a “thorough investigation” into the incident. Presidential spokesman Andi Mallarangeng said Yudhoyono had also ordered the military chief to check the airworthiness of all the Air Force’s aircraft.

“The military chief reported the incident to the President shortly after it occurred” Andi said in a press statement.

“An interim report says it was caused by the weather factor.

“President Yudhoyono expresses his deepest condolences to the families of Air Force officers and members who died in the accident,” he added. The plane was manned by pilot Capt. I Gede Agustirta Santosa and co-pilot First Lt. Yudo Pramono. Subandrio confirmed Yudo was the son of Iskandar Muda Military Commander Maj. Gen. Soenarko.

quoted from here

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Use only Tent, Refugees Reject Relocation

Jakarta - A number of refugee tragedy Gintung Situ refused refugee relocated to a place that is provided in the government Kertamukti, Ciputat, Banten. Management considers Kertamukti, the distance of 5 km from the previous evacuation in Jakarta Muhammadiyah University (UMJ), it is not feasible.

"During this time we hear a lot of buzz that the source is not clear, for example, about Kertamukti. Kertamukti If the form of tents, so we feel it is not feasible for us," said Bachtiar during a hearing of opinions between the government and UMJ on campus UMJ Saturday (4/4/2009).

Refusal to relocate Kertamukti Sri also be expressed by (38). He confessed immediately want to do normal activities such as, but not in the evacuation of only a tent.

"If the government can and should provide a place of relocation is not feasible and tents. Kertamukti in the tents If the physical is not there. We are not ready," Sri firm.

Meanwhile, the refugees that consists of 46 families (KK) to be gathered together to review refugee Kertamukti. The Government will ensure that a refugee who is eligible is provided.

quoted from here

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