Michael Preston

Michael Preston Email and Phone Number

CIO at FNB Foreign Exchange @ FirstRand Bank Limited
Johannesburg, GP, ZA
Michael Preston's Location
City of Johannesburg, Gauteng, South Africa, South Africa
About Michael Preston

I am an extravert who enjoys working with people. I have good verbal communication and interpersonal skills, and have a passion for IT combined with a strong aptitude for business.I have a strong track record for the delivery of omni-channel digital enablement and transformation projects. Key achievements in my current role include reducing branch cross border outward SWIFT payments for retail customers by approximately 80%, resulting in almost 90% of applications being captured via FNB Online Banking and the FNB App, straight through processing (STP) of almost 35% of outward SWIFT payments and approval from the SARB for electronic document vetting (instead of printing and physically endorsing). Our FxVantage platform was also the first globally to enable MoneyGram send and receive transactions via ATM and USSD cellphone banking.Strengths Finder:Ideation, Strategic, Responsibility, Achiever, RelatorSports/Hobbies:Squash, Golf, Fishing, Diving

Michael Preston's Current Company Details
FirstRand Bank Limited

Firstrand Bank Limited

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CIO at FNB Foreign Exchange
Johannesburg, GP, ZA
Michael Preston Work Experience Details
  • Firstrand Bank Limited
    Cio At Fnb Foreign Exchange
    Firstrand Bank Limited
    Johannesburg, Gp, Za
  • Firstrand Bank Limited
    Cio At Fnb Foreign Exchange
    Firstrand Bank Limited Feb 2012 - Present
    Sandton, Gauteng, Za
    Currently look after 100+ IT staff across 14 systems related to Cross Border Payments, FX Dealing, Exchange Control and Balance of Payment reporting in SA and FNB subsidiaries.
  • Firstrand Bank Limited
    Senior Developer/Architect For Fnb Forex
    Firstrand Bank Limited Jun 2010 - Feb 2012
    Sandton, Gauteng, Za
    Architected the FxVantage application which became the new Cross Border Payments system. Exposed the FX products via an integration layer to Online Banking, Branch, ATM and Cellphone Banking, and integrated the deal booking and settlement into the banks core systems.FNB's MoneyGram offering became the first globally to be offered via ATM and Cellphone Banking.
  • Firstrand Bank Limited
    Senior Java Developer At Fnb International Banking
    Firstrand Bank Limited Jun 2009 - May 2010
    Sandton, Gauteng, Za
    Implemented the FX conversion for FNB's PayPal offering. The solution was exposed on the bank's integration layer and was responsible for the pricing, deal booking and settlement.
  • Accenture Technology Solutions
    Contracting As A Team Lead At Mtn
    Accenture Technology Solutions Sep 2008 - May 2009
    Dublin 2, Ie
    Team Lead/Architect of Volantis Storefront Upgrade project at MTN. Was also key developer on the Seam/J2EE-based MTN Xploaded Portal (a sub portal off the MTNLoaded Music page dedicated to local musicians).
  • Absa
    Contracted As Java Web Framework Designer
    Absa Sep 2007 - Aug 2008
    Johannesburg, Johannesburg, Za
    Worked on the Java based Sirius Application Development Framework, and developed the Sirius Presentation Development Framework based on Apache Wicket.
  • Aos Partner
    Development Team Lead
    Aos Partner Dec 2005 - Aug 2007
    Team lead and one of the main developers on the Satrix ETF Investment Plan Administration System at AOSL, a Java-based web services enabled back-end with a Macromedia Flex front-end, which integrated with the Flex Cube administration engine (3rd party application developed by IFlex). The system was implemented using Services Oriented Architecture principles, reusing existing security and document handling services, and exposed domain services which were reused across the administration system, investor portal and broker portal. In a subsequent phase, I was also involved in rewriting the Investor portal in HTML using Apache Wicket.
  • Mutual & Federal
    Systems Architect
    Mutual & Federal Oct 2004 - Nov 2005
    Sandton, Gauteng, Za
    As Systems’ architect, I worked on the following projects:* an investigation into the feasibility of using IBM’s Insurance Application Architecture (IAA) as the basis for implementing a Single Underwriting System* key member of an initiative to adopt the ACORD P&C XML standard as a common electronic data interchange format for the Short Term Insurance Industry in South Africa. Responsible for developing and reviewing ACORD examples messages, construct documents and presentations to Insurance companies, brokers and broker solution providers.* core member of Single Insurance System team (4 business analysts, 1 architect, 1 project manager). Together with team, responsible for identifying possible core insurance solutions, evaluating the solutions as part of an RFI process, coordinating vendor presentations and prototypes. Other responsibilities as Systems’ Architect included R&D, product evaluation, prototyping, and writing proposals/recommendations.
  • Mutual & Federal
    Developer
    Mutual & Federal 2003 - Sep 2004
    Sandton, Gauteng, Za
    Initially contracted as a Java/J2EE Developer at Mutual & Federal, but promoted to the Architecture department in October 2004.
  • Safika-Bea
    System Engineer
    Safika-Bea 2002 - 2003
    System Engineer at Safika-BEA, specialising in J2EE technologies and WebLogic Server

Michael Preston Education Details

  • Rhodes University
    Rhodes University
    Computer Science

Frequently Asked Questions about Michael Preston

What company does Michael Preston work for?

Michael Preston works for Firstrand Bank Limited

What is Michael Preston's role at the current company?

Michael Preston's current role is CIO at FNB Foreign Exchange.

What schools did Michael Preston attend?

Michael Preston attended Rhodes University.

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