•  Networking for Financial Applications Workshop!

Dr.  Willie  Donnelly    

VP  Research  WIT  

Director  TSSG  

•  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)"

Telecommunications Software and Systems Group

Centre of Excellence

•  IMS"• Context Aware"• Smart Space"• Service composition"

Pervasive Services"

• Policy Management"•  Information Modelling"• Network Management"• Autonomic Services"• Bio-inspired models"

Autonomic Networks"

• P2P"• Wireless Sensor"• Resource Management

(Routing)"• Quality of Service"

Networking"

Security

Trust Privacy Dependability

Energy Efficient Networks

Nano Communication

Research Priorities

Research  Unit  –  Research  Areas  (I)  

Bio-­‐Inspired  Networking  

•  Resource and dynamic routing for fixed and wireless networks.  

•  Multimedia networks and content management (e.g. IPTV)."

•  Cooperative protocols for wireless devices."•  Service management for the Future Internet."•  Green communication networks and data centres."•  Smart electricity grids."•  Molecular and Nano scale communication."

Data  Mining  &  Social  CompuEng  

•  Social Networking Analysis: network and matrix theory.  

•  Predictive Analysis: Classification, Clustering & Association rules mining."

•  Data Warehousing: ETL, star and snowflake schemas."

•  Semantic Analysis: Knowledge representations, Annotation, Meaning Discovery, Ontology matching."

•  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)  

Security  

•  Distributed trust and reputation management: Trust principals for use in single service, a number of independent services, and more complex service configurations.  

•  Access control for secure services: Scalable framework for secure service composition."

•  Identity, Privacy and Data Protection technologies: Identity management/provisioning that is privacy preserving and compliant with data protection legislation for the Future Internet across networks, services and applications."

•  Service policy continuity: Enabling the enforcement of security."

•  Coordination of national/international research 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.)"

Integrated  Services  Infrastructure  Management  

•  Full lifecycle of integrated services: Development, discovery, deployment, activation, monitoring, and execution.  

•  Inter-discipline service management research: Fuse emerging practices of the modern web with the traditional understanding of services management as embodied in the telecommunications domain."

•  Cognitive mechanisms: Combine management techniques to include cognitive mechanisms."

•  Federation: Flexible mechanisms and tools to provide trusted federations."

•  Virtual infrastructure & Cloud Computing: Software as a Service, Platform as a Service and Infrastructure as a Service."

5"

Internet as a Critical Infrastructure

Defining the Digital Society

Seamless Mobility

Consumer Driven

E-health"

E-government"

Education"

E-commerce "

Entertainment "

E-community "

Presence

Technology Neutral Customisable

Services

CIM

CIM

CIM

CIM

CIM

CIM

CIM

CIM

CIM

CIM

Global Strategic Partners

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"

Advisory Board"

Centre Manager Dedicated Research Staff

MSc & PhD students

Corporate Sponsors

Technology Sponsors"

Banking Sponsors"

R&D Projects & internships

EU Framework Programm

e,"SFI,"

Enterprise Ireland,

etc."

Funding Agencies

Entrepreneurship Centre

Intellectual Property, Licensing, Seminar, Reports, Workshops MSc programmes

€

R&D Strategy

Academic Partners" Academic

Support

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"

15"

Thanks for Coming