18 March 2007
DataArt Hosts Financial Technology Executive Breakfast at Harvard Club
DataArt hosted the first Executive Breakfast at Harvard Club of New York City, “Financial Technology: Taking Control of Execution Risks in Software Development”.
The distinguished panel comprised of leading fin. tech. executives and moderated by Phil Albinus, Editor of Waters magazine, discussed the impact of regulatory and compliance issues on software development; key risk factors in build and buy approaches, and ways of structuring IT teams and processes to address these risks.
Mykolas Rambus of KAHLEPartners addressed the importance of leadership and change management in every IT organization. Eric Karpman, Vice President at Bank of New York Asset Management, stressed that a constantly changing regulatory landscape requires scrupulous control and additional implementation of audit functions, such as proprietary engines to ensure every new application is compliant.
Alexei Miller, EVP and Head of Financial Technology at DataArt, pointed that an agile approach to project management allows to retain maximum flexibility to enable compatibility with regulatory, technology and business changes. Sameer Shalaby, CEO of Paladyne Systems, mentioned the importance of managing culture clashes between IT and Business Groups, and internal IT and a vendor teams, offering the notion of Executive Sponsor for the project from each side as a way of mitigating the risk.
The next DataArt Executive Breakfast is scheduled for September 2007.