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Showing posts from November, 2012

Beyond PSD2 for a Better Open Banking Expereince

PSD2 is acting as a catalyst in the digital transformation happening in the Banking industry. While meeting the compliance requirements of PSD2, financial institutes are excited to make use of the new business models and opportunities opened by this laid foundation. More the customers and partners we can reach, more the business activities and more the revenue. Making the banking functions more accessible and reactive will be a key enabler to provide a seamless experience to these parties, including internal banking staff whom directly affects the business efficiency.
IAM plays a critical role in improving business accessibility without compromising the system boundaries. PSD2 mandates strong customer authentication(SCA), setting the bar high for user authenticity, while keeping few exemptions, not to bother payment services user(PSU) with SCA for every little transactions. While adhering to this policy will make an institute PSD2 complaint, if they can react fast to the fraud rates…

Hadoop Single Node Set Up

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With this post I am hoping to share the procedure to set up Apache Hadoop in single node. Hadoop is used in dealing with Big Data sets where deployment is happening on low-cost commodity hardware. It is a map-reduce framework which map segments of a job among the nodes in a cluster for execution. Though we will not see the exact power of Hadoop running it on single node, it is the first step towards the multi-node cluster. Single node set up is useful in getting familiar with the operations and debugging applications for accuracy, but the performance may be far low than what is achievable.
I am sharing the steps to be followed on a Linux system, as it is supported as both a development and a  production platform for Hadoop. Win32 is supported only as a development platform and equivalent commands for the given Linux commands need to be followed. This Hadoop document includes the details for setting up Hadoop, in brief. I am here sharing a detailed guidance for the set up process with…