Value of Consumer Financial Data

This week’s Conversation with Kip discusses the value of financial data, compared to clickstream data value. Many very large businesses have found tremendous success in using clickstream and similar data, selling insights to businesses based upon consumer patterns. Consumers are generally aware of this use of the data but perhaps not all the implications of it at times. Consumers see much less value provided by … Continue reading Value of Consumer Financial Data

Batch verses Streaming Analytical Application

This week’s episode discusses the nature of batch vs. streaming analytical applications, and the relationship to balance creation and history requirements. Analytical processes are moment in time processes; one creates a balance which says at this point, here is how much has been done. These analytical processes typically do not line up with the nature of transaction processing. Transactions occur at different times than when … Continue reading Batch verses Streaming Analytical Application

An Approach to Legacy System Analysis

Understanding tabulating system principles can be very powerful in analyzing legacy systems, even though card readers have not been used extensively for perhaps 40 years or more. In this post I’ll describe an approach I would take to replace a large bank’s customer deposit system. You can watch the video here. Daily Financial Cycle First, let’s be clear about what the daily financial cycle looks … Continue reading An Approach to Legacy System Analysis

What My Children Think I Do for Work

January 2nd 2020 marks my 30 year anniversary for my job. I began work with Price Waterhouse, which became PricewaterhouseCoopers; IBM purchased the consulting division in October 2002. So I have 30 continuous years of work history in effectively the same job. It has allowed me to study financial systems and ledgers very deeply. My Children’s View of My Work On the day of my … Continue reading What My Children Think I Do for Work