1. • Networking for Financial Applications
Workshop!
Dr.
Willie
Donnelly
VP
Research
WIT
Director
TSSG

2. Telecommunications Software and Systems Group
Centre 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)"

3. Research Priorities
• IMS"
Pervasive • Context Aware"
Services" • Smart Space" Energy Efficient
Security • Service composition"
Networks
Trust
Privacy • Policy Management" Nano
Dependability Autonomic
• Information Modelling" Communication
• Network Management"
Networks"
• Autonomic Services"
• Bio-inspired models"
• P2P"
• Wireless Sensor"
Networking" • Resource Management
(Routing)"
• Quality of Service"

4. 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"

5. 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"

6. 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

7. CI
M
CI
CI
M
M
CI
M
CI CI
M M
CI
CI CI CI
M
M M M

8. Global Strategic Partners

9. 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"

10. 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; "

11. 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. "

12. FIDES Centre
• Industry driven structure: Promote awareness of ICT landscape"
Funding R&D Strategy
Agencies
EU Advisory Board" Corporate
Framework Sponsors
Programm
e,"
SFI," € Centre Manager Technology
Sponsors"
Enterprise Dedicated Research Staff
Ireland, R&D Projects
etc." MSc & internships
& PhD students
Banking
Sponsors"
Entrepreneurship Centre
Academic
Partners" Academic Intellectual Property,
Support Licensing, Seminar,
Reports, Workshops
MSc programmes

13. FIDES
• Look forward to creating partnerships "
– Industry "
– Academia"
– Agencies "
13"

14. 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"

15. Thanks for Coming
15"