With examples of more than a 20 percent decrease in branches over the past ten years at large North American banks, it’s no wonder that 42 percent of banks are well on their way to having digital become the primary distribution channel. In fact, 92 percent of global banks surveyed plan to begin their transformation to digital as the primary distribution channel in 2019.
Given efforts are underway, many banks are now wondering how to make this shift more efficient, repeatable, and even automated. Red Hat vice president and chief technology officer, Chris Wright, recently provided insights and described how banks are using technology to move beyond surviving digitization, instead creating environments that enable continual digital innovation.
Continue reading “Empowering digital transformation in banking”
Companies have embraced cloud, and many are starting to diversify their cloud providers. That’s putting a new spotlight on the container application platform. And as the container application platform gains ground, understanding the benefits and challenges becomes more relevant.
The container application platform is designed to automate the hosting, configuration, deployment, and administration of application stacks across any cloud provider. It gives application developers self-service access so they can easily deploy applications on demand. That can help banks move more quickly and decrease time to market in the increasingly competitive environment of financial services.
Continue reading “Containers helps banks become market movers”
Even though it’s relatively still early days for blockchain, companies are asking plenty of questions. Some are even experimenting. ITWeb, a news site in South Africa, spoke with Richard Feldmann, global director of financial services, Red Hat, and covered Red Hat Summit last month in San Francisco, including a look at blockchain.
Continue reading “Financial firms put blockchain on their technology roadmaps”