Red Hat prides itself in leading the way in community-based innovation and associated best practices for enterprise consumption. This is why we are thrilled to announce that we have joined the Fintech Open Source Foundation (FINOS). FINOS is a nonprofit organization promoting open innovation in the financial services community. Red Hat OpenShift is providing the underlying technology for FINOS’ Open Developer Platform (ODP), one of the leading venues for community development within the financial services community.
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The financial services sector is ramping up investments in next-generation technologies, including both private and public cloud. It’s not just cloud, of course. Artificial intelligence (AI), machine learning, blockchain, advanced data analytics – the list goes on.
Red Hat’s Alessandro Petroni and Bill Lathram each participated in panels at recent Wall Street Technology Association events. The following are their first-hand perspectives of the events.
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IT moves fast, and there’s always something new to investigate, develop, test and implement. For a risk-averse and increasingly competitive industry like financial services – which is undergoing seismic changes, thanks to digital technology – it can be a challenge to keep up. Linux containers can help bridge gaps between the developer and operations teams so they can create and deploy applications more efficiently.
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Financial services is becoming a digital business, and that digital heartbeat brings with it many opportunities as well as significant challenges. Clients today are much savvier and have higher expectations for exceptional digital experiences, and traditional asset and wealth managers, banks and insurance companies are under intense competitive pressure, not only from one another, but from non-traditional entrants new to the market. To remain relevant, financial institutions need to deliver superior client experiences across channels, remain agile to navigate the changes, reduce costs and improve operational efficiencies, and most importantly, innovate. At the recent Gartner Symposium/ITxpo 2017 in Orlando, I shared how application modernization can help financial services institutions do just that.
Continue reading “Modern applications and open source: a path to success for financial institutions”