Showing posts from July, 2013

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 Multi Node Set Up

With this post I am hoping to share the procedure to set up Apache Hadoop in multi node and is a continuation of the post, Hadoop Single Node Set-up. The given steps are to set up a two node cluster which can be then expanded to more nodes according to the volume of data. The unique capabilities of Hadoop can be well observed when performing on a BIG volume of data in a multi node cluster of commodity hardware.    It will be useful to have a general idea on the HDFS(Hadoop Distributed File System) architecture which is the default data storage for Hadoop, before proceed to the set up, that we can well understand the steps we are following and what is happening at execution. In brief, it is a master-slave architecture where master act as the NameNode which manages file system namespace and slaves act as the DataNodes which manage the storage of each node. Also there are JobTrackers which are master nodes and TaskTrackers which are slave nodes.    This Hadoop document inc…