Ganart, Red Hat, and the future of the Private Cloud

A very lengthy article that fully explains where Cloud Computing is going relative to financial institutions. Ganart is mentioned mid-way in the piece.

Interesting to note, since before this article was published (Sept 10, 2010 to YTD), our technology platform has delivered 49,351 secure, compliant transactions totaling $10,853,102.00 in total money transacted for our clients. This was off of two machines with 2 services.
Special Report: Cloud Computing in Finance

How to be more productive at Ganart – WORK ++

A peek into Ganart

There are always more ways to be “more” productive at work. Productive is okay, but to be more productive is something else. Recently, I was having a conversation with David Hooker about the question “ what would you do if you had to fix one thing in our system in three days”?

Great question, several items rushed to both of our minds and we started discussing them. All of them seemed to be productive and contributing to the richness of our product. But again we bumped up against the question “Do we have the time”?

Getting management approval for such a initiative is not challenging because we all share the same purpose, adaptable skills and mutual accountability.

But, carving three days out of our busy schedule creates many challenges. So the obvious challenge is to figure out the slack time and spread it across few days to finish the tasks. With a team of people who have great algorithms and sense of perspective, every little contribution is more productive. Kris, our CTO, likes to slice and dice power features into releases, which I think is a great way to enrich a product. Over a period of time you have the several features that can be leveraged for a product in design.

Being more productive with no value added to the company is negative productiveness for it. Of course you can brag about how much you learned but that is not the way a member of the core team should have his mind set. So here are some points that I think can kick start the “being more productive” process.

  • Build the idea based on market and customer insights.
  • Communicate and validate your ideas with your co-workers.
  • Develop features that are simple, quick, avoid technology frustration and that can be easily improved.
  • Have a clear long-term incremental development strategy.
  • Most importantly, create a schedule and stick to it.

While we are all focused and the speed-to-market is going up, maintaining a healthy balance between work and more work is the key to deliver the value proposition to our company. Work beyond work which uplifts the motivation of the entire company, to me, is being more productive.

Every little tool, every little process, every little bit of knowledge sharing counts!

Registration at the Kiosk

Ganart Technologies improves service at kiosk endpoints with speedy registration.

The service uses ID verification, photo capture and various biometric validation to support AML/BSA compliance targeted at unbanked and banked consumers and for Know Your Unbanked Customer (KYUC).

This new level of unprecedented customer security denies access to the customer’s private data, or transactions, unless it is the registered person inquiring.

With the ability of Ganart to offer self enrollment, new era financial service entities can offer more secure self service endpoints with minimal or no assistance for new customer enrollment. This aides in customer convenience, especially for unbanked and underbanked customers that prefer to use cash and don’t use alternate forms of payment.

Take a look at the video. It’s shot in real time. This enrollment took 59 seconds.

Hot dog

During these days of continually being bombarded by doom and gloom about the economy, it might be a good time to re-visit the story of the Hot Dog Vendor…

A Man lived by the side of the road…and sold hot dogs.

He was hard of hearing, so he had no radio. He had trouble with his eyes, so he had no newspaper. But he sold good hot dogs.

He put up a sign on the highway, telling how good they were. He stood by the side of the road and cried, “Buy a hot dog, mister!” And People bought.

He increased his meat and bun order, and he bought a bigger stove to take care of his trade. He got his son home from college to help him. But then something happened. His son said, “Father, haven’t you been listening to the radio? There’s a big Depression on. The international situation is terrible, and the domestic situation is even worse.”

Whereupon the father thought, “Well, my son has gone to college. He listens to the radio and reads the newspaper, so he ought to know.” So, the father cut down on the bun order, took down his advertising sign, and no longer bothered to stand on the highway to sell hot dogs.

His hot dog sales fell almost overnight. “You were right, son”, the father said to the boy. “We are certainly in the middle of a Great Depression.”

Moral of the story — If you are doing something well, keep doing it.

Mobile marketing – Who is making profit?

Mobile marketing has been growing worldwide and will reach $20.6 billion by 2015. I have seen several ad campaigns by companies and there is a huge rush for companies to make it out there. But who is making the profit so far? Wireless companies, technology providers, few ad networks, publishers and consumers.

Advertisers are the ones who are spending all the money and they are making none or less profit. Why is this happening? They should be the ones who must be getting the most profit. I guess, they don’t realize what they are paying for. Well in that case mobile marketing is not going to reach its potential.

May be these could help?

  •  gathering statistics, which will give in-depth visibility about the ongoing campaigns which can help future campaigns.
  •  Try out precision marketing based on real time data analysis which are captured.
  •  Find out the effective market segment to drive the campaigns.
  •  Most importantly find out for every dollar spend how can companies maximies the returns.

Once advertisers can fully optimize their campaigns and once inventories have been set free to enable unlimited open trading, the actualization of mobile’s full potential will be possible.

Object identification – Can this be used for Customer Identification?

While companies are striving to find out different ways to uniquely register and identify individuals, I came across this outstanding demo of a robot that does object detection and recognition. I am amazed to see how the world of Artificial Intelligence, Neural Networks and Fuzzy logic has advanced and matured. I simply can’t wait till this technology is commercially available and accepted.

The big question is about adoption. Customers like simple and hassle free interface. We have noticed repeatedly that customers are not very patient with fault tolerance and error correction. I have high hopes that in the near future I will see a much more matured product for object recognition.