Shared Ledger R&D Results: A Recent Expert Review

Today I’m releasing what I think is a very comprehensive view of my work efforts over the last number of years on ledger reinvention.  This is a video filmed in May at a presentation to alum of Geneva/SAFR practice from 30 years of work together. This wide ranging discussion covers topics such as What is the purpose of the General Ledger, What is the CFO’s … Continue reading Shared Ledger R&D Results: A Recent Expert Review

Quantum Benefits: A Conversation with Rakesh Kant

In this episode Rakesh Kant, an expert on financial and reporting systems, and I discussed briefly what is likely to propel the quantum benefits needed to transform our financial systems. Quantum benefits are required in order to justify implementation costs for new financial system designs.  Our financial systems were designed to be very cost effective.  Given the focus on cost control by those owning these … Continue reading Quantum Benefits: A Conversation with Rakesh Kant

Financial System Migration Approach: A Conversation with Rakesh Kant

This is the fifth segment of a Conversation with Rakesh Kant, an expert on financial and reporting systems, in Lucknow, India, April 15, 2018, discussing how to overcome the cost of migration to these new systems, and how that is likely to occur. As one thinks about transformation of our financial system landscape, it is not a green field of virgin land upon which one … Continue reading Financial System Migration Approach: A Conversation with Rakesh Kant

Hardest Part of the Problem: Conversation with Rakesh Kant

Fourth segment of a Conversation with Rakesh Kant, an expert on financial and reporting systems, in Lucknow, India, April 15, 2018. Here Rakesh responds to the question what is the hardest part of solving the transformation of financial systems problems. The answer is the changes to existing processes and cost of implementation. Our financial systems are incredibly efficient.  Cost per transaction can be a faction … Continue reading Hardest Part of the Problem: Conversation with Rakesh Kant

Human Scale of Reporting: A Conversation with Rakesh Kant

In the third segment of a Conversation with Rakesh Kant, an expert on financial and reporting systems, in Lucknow, India, April 15, 2018, we discuss that reporting requires that large amounts of data have to be reduced to something understandable to a human. As I have noted elsewhere, every answer to a reporting problem must fit in a spreadsheet–in fact in a small portion of … Continue reading Human Scale of Reporting: A Conversation with Rakesh Kant

DNA to Solve the Problem: A Conversation with Rakesh Kant

This is the 2nd segment of a Conversation with Rakesh Kant, an expert on financial and reporting systems, in Lucknow, India, April 15, 2018. This segment highlights the the most important attribute needed to work on this problem: One must be interested in it, and it isn’t solved quickly or easily. This is Episode 168 of Conversations with Kip, the best financial system vlog there … Continue reading DNA to Solve the Problem: A Conversation with Rakesh Kant

A Conversation with Rakesh Kant: Right Hand Side, Left Hand Side

This week I begin a series of segments of a Conversation with Rakesh Kant, an expert on financial and reporting systems, recorded in Lucknow, India, April 15, 2018. This initial video frames the discussion of financial systems by breaking the problem into a Left Hand Side (i.e., Posting) from the Right Hand Side (i.e., Reporting) problem. The technology functions in both of these parts of … Continue reading A Conversation with Rakesh Kant: Right Hand Side, Left Hand Side

Where are We Going? Final Conversation with Tata Rao

This week we’ll conclude the series of conversations with Tata Rao, previously Lead Architect of a Global Financial Services Financial System Platform. I asked Tata where our systems are going.  His response was three part: Cloud Migration.  The data security issues have been holding back some level of migration of these types of systems, but over time those problems will be overcome, and the systems … Continue reading Where are We Going? Final Conversation with Tata Rao

Movement vs. Balances: A Conversation with Tata Rao

Today’s episode is the second in a three part series of conversations with Tata Rao, at the time Lead Architect of a Global Financial Services Financial System Platform, covering data volume explosion in a consolidated data supply chain, and the storage and compute trade-offs for movements vs. balances. Tata begins by discussing how data volumes grow through the Instrument Ledger processes (to understand an Instrument … Continue reading Movement vs. Balances: A Conversation with Tata Rao

Daily Financial Cycle: A Conversation with Tata Rao

This week’s episode is the first of a series of conversations with Tata Rao, previously the lead architect of a financial system for a global bank, and an expert on demands of the daily financial cycle. He discusses the demands of managing detailed data, the daily financial cycle, and fulfilling end user requirements.  The system keeps customer-contract level details posted on a daily basis, which can … Continue reading Daily Financial Cycle: A Conversation with Tata Rao