• Networking for Financial Applications Workshop!Dr. Willie Donnelly VP Research WIT Director TSSG
Telecommunications Software and Systems GroupCentre of Excellence • 140 Full-time Research Fellows" • 25 PhD students " • SFI Strategic Research Cluster" • Leading Irish Institute in EU Framework Programme" • 14 Start-ups (60 Jobs)" • 60M Euro research funding (1998-2010)"
Research Priorities • IMS" Pervasive • Context Aware" Services" • Smart Space" Energy EfficientSecurity • Service composition" NetworksTrustPrivacy • Policy Management" NanoDependability Autonomic • Information Modelling" Communication • Network Management" Networks" • Autonomic Services" • Bio-inspired models" • P2P" • Wireless Sensor" Networking" • Resource Management (Routing)" • Quality of Service"
Research Unit – Research Areas (I) Data Mining & Social Bio-‐Inspired Networking CompuEng • Resource and dynamic routing for ﬁxed and wireless • Social Networking Analysis: network and matrix networks. theory. • Multimedia networks and content management (e.g. • Predictive Analysis: Classiﬁcation, Clustering & IPTV)." Association rules mining."• Cooperative protocols for wireless devices." • Data Warehousing: ETL, star and snowﬂake• Service management for the Future Internet." schemas."• Green communication networks and data centres." • Semantic Analysis: Knowledge representations,• Smart electricity grids." Annotation, Meaning Discovery, Ontology matching."• Molecular and Nano scale communication." • Context Awareness: Information & Data Modelling, Location Based, Smart Spaces, Context Federation & Brokerage." • Preferences & Personalisation: Dynamic and static Preference modelling." 4"
Research Unit – Research Areas (II) Integrated Services Security Infrastructure Management • Distributed trust and reputation management: • Full lifecycle of integrated services: Development, Trust principals for use in single service, a discovery, deployment, activation, monitoring, and number of independent services, and more execution. complex service conﬁgurations. • Inter-discipline service management research: Fuse• Access control for secure services: Scalable emerging practices of the modern web with the traditional framework for secure service composition." understanding of services management as embodied in• Identity, Privacy and Data Protection the telecommunications domain." technologies: Identity management/provisioning • Cognitive mechanisms: Combine management that is privacy preserving and compliant with techniques to include cognitive mechanisms." data protection legislation for the Future Internet • Federation: Flexible mechanisms and tools to provide across networks, services and applications." trusted federations."• Service policy continuity: Enabling the • Virtual infrastructure & Cloud Computing: Software as a enforcement of security." Service, Platform as a Service and Infrastructure as a• Coordination of national/international research Service." and policy aspects of trust and security: being at the forefront in driving important coordination activities."• Protection of critical infrastructures: Securing critical infrastructures including ﬁnancial infrastructures and looking at other infrastructures (energy, transportation etc.)" 5"
Internet as a Critical Infrastructure Education" Entertainment "Technology Neutral Customisable E-health" E-community "Consumer Driven Services E-commerce " E-government"Seamless Mobility Presence Defining the Digital Society
Challenges• The ﬁnancial services industry is believed to be on the verge of a dramatic revolution, prompted by regulatory requirements, the desire for greater stability and more powerful ICT [source: Frankfurt House of Finance, 2008]"• eFinance is already transforming how banks do business (e.g. online only banks)"• Many challenges to address" – Lack of standards (apart from FIX)" – Solutions du jour" – Compliance issues (BASEL II, SOLVENCY II)" – Wave of IT and engineering talent driving “market innovation” [source: Credit Suisse]"• Need for better Information systems"
What we will do! (1)• Apply Telecoms R&D to ﬁnancial Information systems" – Specialised Operations Management software; New protocols and models for the interchange of ﬁnancial data; " – Frameworks for the evaluation of the suitability of IT technologies for particular challenges in terms of functional requirements and non- functional aspects such as security and performance (e.g. benchmarking); " – Automated and semanticallyaware mechanisms for the dynamic and static composition of ﬁnancial services; " – Communications and Algorithmic innovations to improve the performance and scalability of ﬁnancial systems; "
What we will do! (2)• Automated mechanisms supporting compliance issues across the value chain"• Resource management and optimisation systems responding to Green IT issues. "• Develop Inter-disciplinary research projects for MSc by research"• Create an Industrial Advisory Board"• Seek industrial sponsorship"• EI research shows strong industrial demand. "
FIDES Centre • Industry driven structure: Promote awareness of ICT landscape"Funding R&D StrategyAgencies EU Advisory Board" CorporateFramework SponsorsProgramm e," SFI," € Centre Manager Technology Sponsors"Enterprise Dedicated Research Staff Ireland, R&D Projects etc." MSc & internships & PhD students Banking Sponsors" Entrepreneurship CentreAcademicPartners" Academic Intellectual Property, Support Licensing, Seminar, Reports, Workshops MSc programmes
FIDES• Look forward to creating partnerships " – Industry " – Academia" – Agencies " 13"
Advisory Board• Advisory Board will provide strategic direction for the centre"• Advisory Board Expertise should cover" • Retail banking" • Financial Education" • Corporate ﬁnance" • Investment Banking &Financial Engineering" • Financial Infrastructure Provision (e.g. specialised network equip)" • Venture Capital (incubation space)" • Information Systems supporting Banking (major ICT players)" • Insurance"