[kictanet] CBK lacks tech savvy team to survey local lenders

Thu Apr 28 16:50:05 EAT 2016

Machuhi,

Interesting outlook.

Been working with a couple of those, albeit in different industries.

Would like to reach you on this, side-bar, as I am interested in
understanding the current scenario in the local .KE Financial Circles.

Will ping you on your Gmail.

Rgds

On Thu, Apr 28, 2016 at 4:40 PM, K Machuhi <kmachuhi at gmail.com> wrote:

> Hi Ngigi,
>
> Yes, Enterprise Service Bus.
> All major banks will tell you that they have ESB, but they are either
> shells or highly un-optimized installations.
>
> The difficult part in ESB is building connectors/ adapters to and from
> core system....and maintaining those adapters such that all applications
> are fully dependent on middleware and not point to point with core.
>
> The most ubiquitous ESBs... websphere, Oracle, Red Hat's JBoss Fuse and
> such others lifted off Gartner's magic quadrant come at a stiff
> implementation, support and maintenance cost. Other more robust and
> affordable such as I-CON from Prosol and Talend - lack name recognition and
> smooth talking salesmen; but are more promising
>
> (JBoss is not too expensive, but often confused with Wildfly - the open
> source API). Let me paste a very partial picture of ESB adoption in .ke
>
> A nice, best-of-breed bank acquired one of big name ESBs 4 years ago... it
> has never worked. To just get something configured you need a consultant
> from Mars at $500 per calendar hour, per diem to boot.....and hey - he
> flies business and must see family every 6 days.
>
> Another was cross-sold to an emerging ESB with little field proof....it
> worked....for a few years... could not scale...now they are changing....
>
> The third example is too blatantly reckless to be written...
>
> The day central bank will demand ESB as a standard, is te day 1) banks
> will cut the shackles of core system vendors, 2) banking 'IT audit' will
> become easier and possible, and 3) changing/ upgrading core systems will no
> longer be as dramatic as today.
>
> You can read more here <http://www.jackhenrybanking.com> about possible
> direction banking platforms are headed.
>
> KM
>
>
> On Thu, Apr 28, 2016 at 3:30 PM, Ngigi Waithaka <ngigi at at.co.ke> wrote:
>
>> Machuhi,
>>
>> ESBs would be Enterprise Service Bus? If so, whats the current status of
>> their adoption amongst Banks in .KE?
>>
>> Rgds
>>
>> On Thu, Apr 28, 2016 at 3:20 PM, K Machuhi via kictanet <
>> kictanet at lists.kictanet.or.ke> wrote:
>>
>>> Disclosure: bank's so called 'IT audit' is part of what puts food on
>>> table in my house.
>>>
>>> The correct approach is Enterprise IT audit; looking at (core) system,
>>> data, processes. Then people and bank's strategy. Subject matter expertise
>>> (SMEs) on core system is must have for most Kenyans bank's, but as ESB's
>>> get adoption, that necessity will diminish.
>>>
>>> The worst mistake bank's make is to get 'IT audit' from conventional
>>> auditors. Technology side is cryptic, and unless you have someone who can
>>> ask the right questions, auditors will be made to find out what the bank IT
>>> team wants them to find out.
>>>
>>> Central banks IT audit should simply be outsourced to SMEs. Experts will
>>> not apply for employment with cbk.
>>> Also, you will not yet find the SMEs registered with a sector
>>> association. At the moment, highly qualified persons capable of doing a
>>> proper IT audit are so few, the world needs them more than they need the
>>> world.
>>>
>>> Unless central banks act fast (moreso in kenya), there will be faceless
>>> banks operating outside the regulator. Purely driven by peer to peer and
>>> non conventional delivery channels.
>>>
>>> Km
>>> On Apr 27, 2016 5:41 PM, "waudo siganga via kictanet" <
>>> kictanet at lists.kictanet.or.ke> wrote:
>>>
>>>> Hi Kivuva,
>>>>
>>>> My understanding, although of course open to correction, is that IT
>>>> Systems Auditors are essentially certified auditors with specialist
>>>> training and skills to audit "through" and "around" IT systems. I would
>>>> envisage someone with an auditing qualification backed up with a
>>>> supplementary qualification is systems auditing but at the end of the day
>>>> this person is an AUDITOR. In addition the training for today's certified
>>>> auditors already includes systems audit as a subject. So the key skill is
>>>> auditing, supplemented by systems knowledge. If this is the case then these
>>>> professionals are already covered under statutory provisions.
>>>>
>>>> Waudo
>>>>
>>>> On Wed, Apr 27, 2016, at 04:25 PM, Mwendwa Kivuva via kictanet wrote:
>>>>
>>>>
>>>> On 27 April 2016 at 16:12, Paul Roy <roykoikai at gmail.com> wrote:
>>>>
>>>> Last - As long as I am a the helm of ISACA Kenya, I would like to open
>>>> up our doors to the various experts within the industry who are willing to
>>>> retrain IT auditors, IT Security professionals to consider ISACA as an
>>>> ally. Let us work together, talk to me, come for one of the evening talks
>>>> and let us grow and strengthen the profession.
>>>>
>>>>
>>>> Hi Paul,
>>>>
>>>> Thanks for the elaborate reply.
>>>>
>>>> My main concern is if it's legislated that people with valid IT Systems
>>>> Audit certifications are the only ones doing IT audits for public interest
>>>> organisations. The way only Lawyers can only do certain duties, or CPAs. Is
>>>> this something feasible?
>>>>
>>>> Regards
>>>>
>>>> ______________________
>>>> Mwendwa Kivuva, Nairobi, Kenya
>>>> twitter.com/lordmwesh
>>>>
>>>>
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>>>
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>>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
>>> for people and institutions interested and involved in ICT policy and
>>> regulation. The network aims to act as a catalyst for reform in the ICT
>>> sector in support of the national aim of ICT enabled growth and development.
>>>
>>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
>>> online that you follow in real life: respect people's times and bandwidth,
>>> share knowledge, don't flame or abuse or personalize, respect privacy, do
>>> not spam, do not market your wares or qualifications.
>>>
>>
>>
>>
>> --
>> *Regards,*
>>
>> *Wait**haka Ngigi*
>> Chief Executive Officer | Alliance Technologies | MCK Nairobi Synod
>> Building
>> T +254 20 525 0750 |Office Mobile: +254 716 201061 | M +254 737 811 000
>> www.at.co.ke
>>
>
>

-- 
*Regards,*

*Wait**haka Ngigi*
Chief Executive Officer | Alliance Technologies | MCK Nairobi Synod Building
T +254 20 525 0750 |Office Mobile: +254 716 201061 | M +254 737 811 000
www.at.co.ke
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