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.

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Red Hat highlights NFV, open telco, and cloud for telcos at next week’s OpenStack Summit

Join Red Hat this week at OpenStack Summit, May 21-24, 2018, in Vancouver, BC. We will be presenting on a variety of telecommunications topics including network functions virtualization (NFV), creating an open telco model, cloud-native applications, and more. Red Hat’s Margaret Dawson, vice president of portfolio product marketing, will also be presenting at the Women of OpenStack Networking Lunch, sponsored by Red Hat, on Wednesday, May 23 at 12:30 p.m.

There are also a number of sessions that are relevant to Telco and related digital transformation projects. We’ve curated a short list of sessions of interest below, but be sure to check our trail map on the NFV tab of our OpenStack Summit site. And make sure to stop by our booth A19 to check out our latest demos or just say hello!

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Red Hat expands partner program to support telco-class offerings

Telecommunications companies have seen explosive growth in network traffic in recent years due in large part to over-the-top (OTT) service providers like Netflix, YouTube, Hulu, and other apps that demand high network bandwidth. Given that these services are not likely going to stop operation anytime soon – and that new OTT services are being introduced at an accelerated rate – telcos are left needing significantly more network capacity.

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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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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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Watch this: Time for telcos to prepare for containers

Telcos are starting to look more closely at using containers, especially as their network functions virtualization (NFV) tests and trials mature and start moving into production. TelecomTV talked with Chris Wright, Red Hat’s VP and CTO, who shares this view, and why telcos should start preparing for containerization, in an interview.

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Join Us: Telco shines at NAB Show, exploring Swisscom TV’s migration of live TV onto virtualized infrastructure

At this spring’s NAB Show, April 7-12 at the Las Vegas Convention Center, Red Hat will be there to share some cool telco demos in our booth and participate in a Sunday afternoon session on live TV and virtualization.

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MWC 2018 – Are we there yet? How long until we get to 5G?

It was quite the hectic but extremely successful week here at Mobile World Congress 2018 – the world’s largest mobile industry gathering with more than 100,000 attendees, which added to the hubbub of cultural, sporting, entertainment, industry and gastronomical diversity that is Barcelona.

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Join Us: Increasing agility in financial services through microservices, containers and APIs

The financial services industry’s need for flexible and extensible hybrid cloud continues to be a priority to help them better manage their expanding footprint of next-gen enterprise applications as part of their digital transformations. Meanwhile, customer expectations and new regulations around customer convenience and privacy are testing the limits of legacy banking technology platforms. Join us March 7 for a webinar exploring how microservices, containerization, and APIs bring opportunity for increased agility in the financial services environment.

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