2. The business of financial
services
Leading global financial firm
Main Sectors:
Asset Management
Commercial Banking
Investment Bank
Private Banking
Securities Services
Treasury Services
2 figures :
66b$ turnover
160 000 employees
Sources: MintGlobal & wikipedia
3. The business of financial
services
Value Chain
Customers Customers
The demands on
the firm's
technology are
intense
4. The business of financial
services
Big Competitors
$22b
$71b
$24 b
$16 b
Sources: MintGlobal
5. The business of financial
services
High potential employees (traders); risk management; sales
Competitive services etc....
forces
Focus on:
Need of real time information
8. Show Operational difficulties to IS
deployment or project
Before After
- It was difficult to back up data
With OneBench, applications are extended, reused and
=>it’s a gain of time and future work will benefit from th
- Difficult to reuse applications to solve similar problems
An application can be updated globally over a weekend
Using an opensource program is a gain of money
- Building financial applications involved a combinasion of Exc
Strategic Groups
9. Show Operational difficulties to IS
deployment or project
•Goals of the project:
- to develop an alternative to spreadsheets as a platform for
modeling applications
- to be able to recover if an update goes wrong.
- scalability
- reusability
- To gain time, money, efficency, stability
- Accelerate the Java developments on the client post with the
aim of standardizing them and making easier the deployment.
- Rapid deployment and decentralized development are
essential to meet many diverse business needs in a fast-
changing market.
Strategic Groups
10. Succes of IS initiatives
• Gains & Critics
- plug-in nature of the platform.
- A lot of emplooyess are already familiar with Eclipse
=> more efficient, and productive
- Gain of money
- Onebench enables project teams
- development times are reduced from weeks to hours
- Graphical performance
- Single Sign on system – Security
- Interoperability
- RCP is Open source : gain of money
11. Potential problems
• Potential evolution in the business
Financial Crisis (subprime)
Lost of customers
Securitization
=> Less money devoted to R&D and technology Department.
Social engeneering
Competitiveness improvement (thanks to Eclipse )
12. Potential problems
•scaleability of the IS initiative
•Specific features such as integration with
the investment bank's authentification
platform => single sign-on system
•Eclipse sets grounds for a friendly
environment for developing applications
•exemples : EIS, Snapper, Qtrade
13. Conclusions
• Thanks to Eclipse RCP JPMorgan has got a
plug-in friendy environment which allows
lower costs and promote efficiency.
• With One Bench in place, they expect their
developers to develop the banking world's
next killer-applications