From Operational Resilience
to Operational Excellence

At Reply, we support, guide and advise our clients in their Operational Resilience to Operational Excellence journey through our deep industry experience, leading strategic partnerships and proven framework.



The Data Religion: Dataism in Financial Services

In my latest blog I reflect on Yuval Noah Harari's celebrated book, Homo Deus, delving into Harari’s fresh angle on the role of data in our day-to-day life. As I was contemplating Harari's spellbinding book it occurred to me that Dataism is, to a large extent, already the religion of the financial services industry.

21.09.2020 / Cloud Computing


Around the Cloud in Eighty Days – The Fifth Leg of the Journey: Cloud Security

This is Part 5 of our ten-legged journey to explore how the Cloud can enable productivity, innovation, and scalability in financial services.



Refining MREL – preparing to fail The

The EBA has published a consultation paper, seeking industry feedback on proposed changes to MREL requirements. Their intent is to better approximate the capital requirements & capital buffers inputs into the MREL calculation for firms whose banking groups are different from their resolution groups.

27.07.2020 / New banking applications


The Long Road to the Level Playing Field

The Bank of England has published two key documents in relation to the banking landscape in the UK for non-systemic banks. These proposals are a step in the right direction, but do they go far enough?

03.07.2020 / Cloud Computing


Around the Cloud in Eighty Days: The Fourth Leg of the Journey: Operating Model and Governance

This is Part 4 of our ten-legged journey to explore how the Cloud can enable productivity, innovation, and scalability in financial services.

29.06.2020 / Cloud Computing


Around the Cloud in Eighty Days: The Third Leg of the Journey: Architecture

This is Part 3 of our ten-legged journey to explore how the Cloud can enable productivity, innovation, and scalability in financial services.

05.06.2020 / Cloud Computing


Around the Cloud in Eighty Days: The First Leg of the Journey

Jules Verne authored the novel Around the World in Eighty Days, Le tour du monde en quatre-vingts jours in its native French, which was published serially in 1872. It would presumptuous of me to rescript the story of the unflappable Phileas Fogg’s trip around the world, but allow me to take you on a ten-legged journey to explore how the Cloud can enable productivity, innovation, and scalability in financial services.

28.05.2020 / Fintech Magazine


Technology Enablement across the Wealth Management Value Chain: The Mass Affluent Opportunity

Market conditions are forcing financial institutions to find new models for growth. One of the largest identified gaps for growth is the underserved and overlooked mass affluent segment.


21.05.2020 / Health IoT


The new opportunities for health IoT

Data is centre stage once again. It effectively triggered the lockdowns, it is now easing them and it will be a key aspect of Covid-19 exit and strategies across the world. The UK government, for instance, has consistently said that it is ‘following the science’, while the scientists are trying to follow that data.



The Cloud and the future of finance

A couple of weeks ago I had the privilege of co-authoring a short article on the adoption of the Cloud in Financial Services with Professor Nelson Phillips of the Imperial College Business School. We conducted several interviews with senior leaders in financial services about their experiences of moving to the Cloud. It turned out to be such a captivating journey that Nelson and I are planning to continue along this path and turn it into a much more comprehensive piece of research.

30.03.2020 / Remote Working


How to maintain business productivity with hundreds of employees working from home

With Covid-19 wreaking havoc on business and the economy, the only ideal solution is to respect Government guidelines while continuing business as usual — from home. The problem is, how can an organisation, in particular a financial institution, give hundreds or thousands of employees secure access to the documents and applications required to work from home without disruption to service?



IT & DevOps in Financial Services (The Phoenix Project)

If, like me, you have to interact with IT —and technology is vital for you or your clients — this excellent novel will enlighten your day-to-day work. The Phoenix Project was first published in 2013 and, in the fast-moving world of technology, one could view this book as ‘outdated.’ But no. The way it articulates the value of DevOps for organisations remains insightful. It remains useful. And it remains worth your attention. Of particular value is the presentation of the Three Ways — the principles from which all observed DevOps behaviours are derived.



It's all anyone is talking about...

It’s all anyone is talking about and, whilst I really wanted to write about something lighter, I was dragged back to the Reply Risk & Regulatory Academy, which has had the honour to run courses in Cambridge for many years. This led me to an incredible report published by the University there...



Victor Hugo & the Green Swan: An Introduction to the threat of Climate Change on Financial Stability

There is something peculiar in the book released last January by the Bank for International Settlement and Banque de France, The Green Swan. The book builds on the concept of ‘black swans’ first introduced by Nassim Nicholas Taleb in 2007, but this time the swan is green. Green swans (or climate black swans), the authors argue, are extreme financially disruptive events resulting from climate-related risks.



The Laundromat Movie: Meryl Streep discusses Anti Money Laundering & Counter-Terrorism Financing

Few realise just how corrosive the effects of Money laundering and the financing of terrorism are on society. That’s why, when we have the opportunity to assist our clients with their Anti Money Laundering (AML) and Counter-Terrorism Financing (CTF) initiatives, I find it exciting and rewarding.



How to Teach Quantum Physics to Your Dog: Applicability to Financial Services

I had just finished reading Chad Orzel’s bestselling book ‘How to teach quantum physics to your dog’ last week when my colleagues presented what is perhaps one of the first concrete applications of ‘quantum-inspired’ computing in European banking. Before I turn to that, allow me to share a few words on Orzel’s book and how it got me to think about quantum computing in financial services…



ECB SREP 2019 - Key Challenges for Eurozone Banks

On 28 January 2020, the European Central Bank (“ECB”) held a press conference in Frankfurt on the Supervisory Review and Evaluation Process 2019 (“SREP 2019”). It highlighted a number of interesting developments in the Eurozone. Allow me to share with you my key take-aways regarding the first three based on his remarks and the Question and Answer session that ensued.



The difficult child of regulatory reporting

In this period of annual closing and maximum effort for all reporting teams, you will probably agree that there is one that is particularly daunting. I am of course talking about the Pillar 3 disclosures.



From the ski slopes of Davos: Do financial institutions have a responsibility to enforce climate and sustainability standards?

One of the main themes of Davos 2020 has been ‘climate and sustainability’. The World Economic Forum was most fascinating to me when it came to the clear divergence in thinking between financial institutions that want to cut polluters off from the financial system — and those that believe it is not the financial institution’s job to police the climate.



Regulatory Reporting: The Mote in The Banker’s Eye

Board members, Executives, Chief Financial Officers and Heads of Regulatory Reporting have plenty to fear as regulatory reporting by financial institutions comes under increasing scrutiny from regulatory bodies.

31.07.2019 / Finance


Why start-ups need to think about hiring specialist financial resource

Many start-ups or early stage business are often reluctant to hire specialist financial resource. This reluctance could hinder the successful development of the company.

12.11.2018 / Internet of Things


How the M&A Landscape is evolving in IoT

Matt Stamp, partner at Acuity Advisors, recently joined us as a keynote speaker at our IoT Investor event ‘Seizing the IoT Opportunity’.



Comparison between DPA & GDPR

Before we start comparing, it’s worth highlighting that this is a bit of an “oranges & apples” thing because, technically speaking, the UK DPA (Data Protection Act) 1998 was enacted to bring British law into line with the 1995 EU DPD (Data Protection Directive, aka 95/46/EC) which is the one that is, now, being repealed and superseded by the GDPR (General Data Protection Regulation, aka 2016/679) that was adopted in 2016.