Want to succeed amid regulations and competition? Don’t put your head in the sand.

A little competition, even in business, can be a good thing. In today’s changing financial services industry landscape, there are new and changing reasons why providers and banks should be aware of the competition and put their best foot forward. These include new regulations and increased demands by customers to be agile and versatile, especially when it comes to digital banking. In order to have a leg up over the competition, banks should approach new opportunities and the challenges that regulations bring head on with strategic focus, open source, and agile integration.

Continue reading “Want to succeed amid regulations and competition? Don’t put your head in the sand.”

How OpenStack and containers power up modern telco services

For a few years now, OpenStack and containers have been top-of-mind for service providers (SPs). In fact, most telecommunications companies are already using OpenStack and considering containers in their operations. A new paper written by experts in the open source community takes a closer look at the power of combining OpenStack and Kubernetes, an open source platform that automates Linux container operations.

Continue reading “How OpenStack and containers power up modern telco services”

Empowering digital transformation in banking

“It’s all about the app.” Chris Wright, Vice President and Chief Technology Officer at Red Hat

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”

The future is open – is your business at risk?

Have you ever experienced buyer’s remorse? Maybe you bought something significant on a whim like a new car or the latest cool gadget, without thinking it completely through, and a few days or weeks later you wonder why you now own something that doesn’t really deliver what you were expecting.

These same experiences can occur in the service provider and telecommunications industries. There’s a lot of hype around the latest technologies saving money, increasing revenues, and expanding wallet share with customers.  Meanwhile, are service providers really getting the business benefits they expect from these technologies? As consumers, most of us don’t even think much about these challenges. Instead, we’re focused on finding improvements for our lives and economic well-being by searching for choice both in the goods and services that we consume, and in how we consume them.

Continue reading “The future is open – is your business at risk?”

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.

Continue reading “Red Hat Joins the Fintech Open Source Foundation (FINOS)”

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.

Continue reading “Implement IT automation to work smarter, better and faster in financial services”

Join Us: The future of open source networking comes to life at ONS

The Open Networking Summit (ONS) North America is here, and we hope you’ll join us next week, March 26-29 at the Intercontinental Los Angeles Downtown as we discuss software defined networking (SDN), secure devops, container networking, 5G infrastructure, and more. ONS brings together enterprises, service providers and cloud providers to discuss the future of open source networking, covering topics like SDN, network functions virtualization (NFV), orchestration and cloud automation, and the internet of things (IoT).

Continue reading “Join Us: The future of open source networking comes to life at ONS”

Join Us: Telecom network automation for modernization and digital transformation

Automation has become an essential component of strategic modernization and digital transformation, particularly for today’s forward-looking communications service providers (CSPs). Join us Tuesday, March 20 as we explore router compliance and security governance in the first part of our telecom network automation webinar series.

Continue reading “Join Us: Telecom network automation for modernization and digital transformation”

Banking on containers to accelerate application development in financial services firms

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.

Continue reading “Banking on containers to accelerate application development in financial services firms”

Red Hat, partners achieve record-setting STAC benchmark on financial risk analytics

In the highly competitive financial services industry, accurately predicting risk profiles is key. But analytics applications used to determine risk are typically large and compute-intensive, requiring a powerful technology stack that incudes parallel processing and compute accelerators. Open source technology can be a viable solution, delivering more flexibility, adaptability, and cost savings.

Continue reading “Red Hat, partners achieve record-setting STAC benchmark on financial risk analytics”