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Showing posts from October, 2024

Unlocking Business Value: Moving Beyond Low-Level Programming

Open source has undeniably revolutionized the world of software engineering . Instead of constantly reinventing the wheel, software teams now rely on reusable open-source components for low-level tasks. This shift allows developers to focus on programming that creates more business value, using tools like Docker, Kubernetes, Tomcat, MySQL, React, and Vue.js, which have become the backbone of modern software solutions worldwide. At first glance, it may seem that with such robust open-source ecosystems, developers can concentrate exclusively on coding business logic. After all, business logic is what differentiates one company from another—it is specific, continuously evolving, and typically requires close collaboration between developers and business experts, who are often less inclined to contribute to open-source projects. However, the reality is that   a large portion of development time is still spent on non-business-oriented programming   (such as installing components, setting up

Behind the Scenes: How Banks Handle Payment Claims and Disputes

Payment claim handling is a crucial process within the financial sector, ensuring that   all monetary transactions are accurate, legitimate, and properly accounted for . Despite its significance, this activity remains largely invisible and underappreciated. Very few articles are written on LinkedIn or other specialized content platforms about this topic, so I thought of giving the topic the attention it deserves. Payment claim handling refers to the procedures and actions taken to   manage claims or disputes related to payments . This process ensures that errors, fraudulent activities, or discrepancies in payment transactions are identified, investigated, and resolved efficiently. It encompasses both customer-initiated and counterparty-initiated claims and audits to maintain the integrity of financial transactions. Examples include: Fraudulent Transactions : Addressing unauthorized transactions made using a customer’s account. Duplicate Payments : Resolving instances where a payment ha