Financial firms put blockchain on their technology roadmaps

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.

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Red Hat Summit insider’s look at instant payment processing, European style.

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.

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Nordea, Barclays, and more to headline financial services breakout session at Red Hat Summit

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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Join Us: IT automation for financial services organizations

IT innovation within your business is vital to staying competitive and meeting customer expectations, regardless of your specific industry. For financial services organizations, long software release cycles, the high cost of managing complex infrastructures, and the lack of easy scalability with existing solutions can hamper a development team’s productivity. IT process automation is critical to making IT faster, more predictable, more collaborative, and more efficient, while freeing administrators to focus on efforts with the greatest organizational value. Check out our on-demand webinar series to learn more, and help jumpstart IT process automation for your financial services organization.

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Red Hat Joins the Fintech Open Source Foundation (FINOS)

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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Payment platforms, IT automation, security, cloud, digital transformation and more, financial services topics shine at Red Hat Summit 2018

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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Implement IT automation to work smarter, better and faster in financial services

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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WSTA panels cover emerging technologies and cloud for financial services

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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Join Us: Panel explores cloud use and operational efficiency for financial services

Third-party cloud services promise to deliver utility-based computing – and its an opportunity many capital market firms are interested in pursuing. But cloud services have to be elastic, responsive, secure, resilient and cost-effective if financial firms are going to trust them to support business-critical workloads. Transitioning to the cloud requires a thoughtful approach that takes into account to migration, orchestration and operational efficiency. To help financial firms through these transitions, the Wall Street Technology Association (WSTA) is hosting a February 28th panel discussion in New York City.

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Financial services 2018: Digital transformation, bots, blockchain, big data and more

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.

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