In late 2017, SIA (Societá Interbancaria per l’Automazione) launched a new digital platform that lets people in 34 countries across Europe transfer and receive sums of up to €15,000 per individual transaction in seconds, 24 hours a day, every day of the year. It’s a system that can process 27 million payments daily, with an average round trip of 20 milliseconds and a 99.999% availability, and you can hear all about it at this year’s Red Hat Summit, May 8 – 10 at San Francisco’s Moscone Center.
Continue reading “Red Hat Summit insider’s look at instant payment processing, European style.”
As you plan your schedule at Red Hat Summit, May 8 – 10 at San Francisco’s Moscone Center, we hope you’ll make time to join us for a special financial services industry session from 2:30 – 5:00 p.m. on Tuesday, May 8, in room 2012. The session, entitled “How cloud, APIs, and automation are changing financial services in a digital world,” will feature talks from some of our top FSI customers including Nordea and Barclays. Following these presentations, all these companies will be joined by the Bank of Montreal for a panel discussion moderated by Gabriele Columbro, Executive Director FINOS, Fintech Open Source Foundation. We’ll cap things off with a Financial Services Happy Hour from 5:00 – 6:30 p.m.
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Every year at Red Hat Summit, there are plenty of opportunities to hear customers’ stories, attend insightful keynotes and sessions, and network with industry experts, colleagues, fellow business people, and Red Hat and its partners. This year, if you work in financial services, we’ve got a particularly exciting line-up. At Red Hat Summit, May 8 – 10 at San Francisco’s famed Moscone Center, we’re covering payments platforms, business and IT automation, agile development, security, cloud, containers, virtualization, digital transformation and more.
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In modern times, financial markets are sensitive to any number of factors – geopolitics, economic data, shifting prices on commodities, regional unrest, even market sentiment. And that sensitivity puts pressure on financial firms also contending with globalization, market competition and changes in regulation and international capital movements. To thrive amid all that – and work smarter, better and faster – consider IT automation. Want to know more? Check out this Red Hat solution brief.
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This year, we anticipate that there will be no shortage of tech developments in the financial services industry (FSI). In fact, 2018 is on track to be a truly transformative year, as banks continue to modernize operations, adopt more agile and open technologies and hone their strategies. This will not come without challenges, including: the complexities of the regulatory landscape, a more demanding customer, and increased competition, just to name a few.
Continue reading “Financial services 2018: Digital transformation, bots, blockchain, big data and more”