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”
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”
To gain maximum benefit from cloud transformation, communication service providers must evolve from virtualization of network functions to truly cloud-native design. This evolution delivers improved scalability, faster innovation and a more rapid response to customer demands. Join us for a webinar with Nokia on Tuesday, December 5 as we discuss requirements, benefits and use case examples of going cloud native with open source.
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The beauty of open source software is that anyone can download the code and then install, configure and use it. The challenge is doing so in a production environment at scale. That’s what communications service providers (CSPs) face as they build out platforms at scale to operate cloud environments that serve millions of users. These cloud platforms include compute, networking and storage hardware as well as software to automate, manage, monitor and secure the platform.
Continue reading “Do-it-yourself vs. Red Hat OpenStack Platform”
As I was compiling all of the fantastic stories from financial institutions that Red Hat has partnered with to transform their business, I was in awe of the depth and breadth by which we are able to create real business impact for such a variety of leaders in the financial services industry. In our new eBook you’ll read of 15 different stories of transformation, innovation, automation, modernization and simplification. By balancing digital transformation with reliability, security features, and compliance — Red Hat has become a trusted adviser to leading financial institutions.
Continue reading “Modernize financial services with open source”
It’s been the stuff of science fiction and our imagination for years, but artificial intelligence (AI) is finally getting its due. Already used to express and understand human speech, drive autonomous cars, and interpret highly complex data, AI has the potential to revolutionize all aspects of our lives. But that’s only half the story. While there has been considerable attention paid to the algorithms and analytics that will comprise these applications, the question remains – what ecosphere will support this new form of life?
Continue reading “The AI Ocean: How AI applications will travel and thrive in mobile networks”
OpenStack has become a popular platform for telecommunications providers as they implement network functions virtualization (NFV), software-defined networking (SDN) and cloud. Remember that survey last year, in which 86 percent of global telcos consider OpenStack essential or important to their success? Sprint has made the move to OpenStack; in fact, the telco is using it as the foundation for NFV across its data centers to better support network demand, improve network throughput and set the stage for advanced network functions. At this week’s Openstack Summit in Sydney, Sprint took the stage with Red Hat to talk about its use of OpenStack for NFV.
Continue reading “Watch This: Sprint, Red Hat talk OpenStack success for telcos”
When it comes to digital experiences in financial services, customer expectations have never been higher. In today’s competitive marketplace, a financial institution’s brand is built — or broken — on its customer experience. Your customers are comparing you with their last digital experience, whether it be your direct competitors, your near competitor, and even your non-competitors, such as Uber, eBay, WeChat, WhatsApp, or Amazon.
Continue reading “Open Source sparks innovation in financial services”
One of the most exciting things we do each year at Red Hat is to recognize the transformative projects and outstanding results achieved by our customers from around the world, through the Red Hat Innovation Awards. Past winners have come from a variety of industries including financial services, healthcare, telecommunications and government, along with companies in the IT and consulting space. Do you have an innovation success story to share, or is there an organization you’d like to nominate?
Continue reading “2018 Red Hat Innovation Award Nominations Now Open”
When MyRepublic decided to overhaul its legacy IT architecture, it went all out for open source. The internet service provider (ISP), based in Singapore, chose Red Hat OpenStack Platform for its Infrastructure-as-a-Service (IaaS), along with several other Red Hat solutions. Now, the ISP’s IT architecture is more flexible and scalable. Thanks to the simpler, automated deployment, it also can deliver new services more quickly and generate more business. And it reduced hardware costs by 30% and cut year-on-year TCO by double-digit percentages. You can read more about MyRepublic’s use of Red Hat solutions in its new cloud-based platform in this case study, and hear about the implementation in this video.
Continue reading “Singapore ISP MyRepublic modernizes IT architecture with open source cloud.”