What do you think of when you hear the term, open source software (OSS)? Do you think of the 1995 cult classic, Hackers starring Angelina Jolie and Johnny Lee Miller rollerblading around New York City to The Prodigy’s Voodoo People?
Do you perhaps think of the Linux operating system and say to yourself, “that’s too complicated, I use Windows”?
In this article, we aim to clear up any misconceptions about open source. …
Following the regulatory crisis 2008, ever-increasing regulation is the most common disruptor to the Financial Services industry, building trust in technology is another and not to mention the most recent pandemic that turned our world upside down in 2020. Many firms have learnt that planning can be the silver bullet in responding to such uncertain events.
Our existing clients who have used the GECKO system prior to the pandemic, meant they were on top of digitisation with GECKO being central to their success. Realising the benefits of GECKO and its impact for their overall business practises and processes meant tasks…
What is an API?
An Application Programming Interface (API) is a software intermediary that allows two applications to talk to each other. Powering our lives behind the scenes, APIs act as the connectors between systems to permit access for user-facing front ends with all-important back end functionality and data, without requiring developers to share the system’s codebase. For example, a common API the majority of us are familiar with is weather data. Weather APIs are found on all smartphones, and each time we look them up, we are using an API to access and deliver that information.
Making the connection
As we near the deadline (31 March 2021) for firms to critically assess their daily operational, resourcing and governance arrangements against all relevant rules and guidance following the publication of the Central Bank of Ireland’s (Central Bank) Dear CEO letter, now is the time to reach out and allow GECKO Governance to do the heavy lifting.
What is GECKOs CP86 Compliance Solution?
GECKO is the best possible solution for the management team, board and Designated Persons (DP’s) to manage and control the burden of responsibility that is placed with CP86.
If you looking for a better way to have complete…
What is Pen-testing?
Short for penetration testing, pen-testing is a simulated cyber attack on your system to find weaknesses before attackers do. It is used to automate certain tasks, improve testing efficiency and discover issues that might be difficult to find using manual analysis techniques alone.
Who are OnSecurity?
OnSecurity replaces the overhead of traditional penetration testing firms with a simple online interface. This puts the client back in the driving seat, making it easy to book tests as and when needed.
Covid-19 has put GECKO in a unique position as it has highlighted to companies their need for oversight software in their companies, making FinTechs more topical than ever.
The pandemic has proved excellent at uncovering many opportunities, and in this case, the opportunity lies in the FinTech industry. Having executed the largest business continuity exercise of their history, the first lesson is the need for state of the art technology, ensuring that there is continued professional delivery of services in such volatile and pressurised conditions, while remaining highly responsive to increased information and data requests from regulators and other stakeholders.
In our earlier GECKO Governance article, “Central Bank of Ireland Publishes CP86 Review Findings”, which can be accessed here we considered the second “Dear CEO” letter issued by the Central Bank of Ireland (Central Bank) on 17 November 2020.
In this follow-up article, we have illustrated how our software can assist with overcoming weaknesses found in firms’ compliance with Fitness & Probity Regime (F&P) and the need to plan for the additional compliance and HR requirements that the new Senior Executive Accountability Regime (SEAR) will involve.
In the last three years, three firms have been sanctioned by the CBI for…
Spreadsheets have been the backbone of financial services for decades, having been around since 1985, even though technology has changed dramatically along the way. They have many great features and is often seen as the go-to tool to get the job done. When things go wrong however, they can go very wrong — as illustrated by the most recent system failure in the UK where an excel spreadsheet error meant almost 16,000 cases of COVID-19 went unreported.
There’s nothing inherently wrong with spreadsheets; they are excellent tools for many different jobs, but data visualisation and data communication is not one…
This summer I went through a great experience of re-designing our company’s website. It wasn’t just any exercise of changing some fonts and colours but the whole process of redoing the website from scratch, very daunting I know but it was only possible because of resources provided by our friends at Centrality and of course a lot of guidance by my colleagues.
Anyway here is link to the the end result. Nice yeah ? So let’s see how to create something similar with least amount of friction.
First thing first, when creating a website the first thing that you want…
On 20 October 2020, the Central Bank of Ireland (‘Central Bank’) issued a “Dear Chair” Letter to industry outlining the findings of its review of the implementation by Irish fund management companies (‘FMCs’) of the Central Bank’s framework Consultation Paper 86, otherwise known as (‘CP86’).
In essence, CP86 was introduced to ensure that the required effectiveness and systems of governance, management and organisation are in place at FMCs to protect investors’ best interests. To assess the behaviour of ManCos, the regulatory review was carried out in three phases which uncovered widespread deficiencies in three main areas:
Providing much needed Transparency, Compliance & Accountability To The Financial Services Industry