cloud-computing
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Dangerous Dependency: How a New Approach Can Remove the Damaging Crutch in the Banking and Finance Industry Created by Widening IT Skill Gap
Date: August 18, 2023
Dangerous dependency: How a new approach can remove the damaging crutch in the banking and finance industry created by widening IT skill gap By Julian Hamood, President, Trusted Tech Team In today’s hyper-connected world, the banking and finance industry has undergone a profound digital transformation, elevating technology to the forefront of operations. As the sector...
IBM Mulls Using Its Own AI Chip in New Cloud Service to Lower Costs
Date: July 12, 2023
IBM mulls using its own AI chip in new cloud service to lower costs By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operating a cloud computing service it made widely available this week, an executive...
The Brutal Truth About Cloud Overspending in Capital Markets
Date: May 15, 2023
The brutal truth about cloud overspending in capital markets By Jason Pennell, Sr. Solutions Architect at Advantage Communications Group In their zeal to modernize and execute digital transformation, many financial companies unwittingly end up overpaying for unnecessary cloud storage and compute services. Findings from a study commissioned by Veritas are alarming: 94 percent of respondents...
3 Ways Bfsi Brands Can Use Low-Code to Accelerate Migration From Legacy Systems
Date: March 27, 2023
By Manish Narayanaswami, Kissflow Legacy core banking systems including mainframes are outdated and may not be able to support the latest technologies, such as cloud computing and digital channels. This can limit an enterprise’s ability to retain large customer segments as more nimble, digital-first service providers (e.g. fintech, insuretech, and neobanks) compete for market share....
Why 2023 Will See More Cloud Adoption in Financial Services, Not Less
Date: February 1, 2023
By Venkatesh Kumar, Europe Head, Cloud Services at LTIMindtree In July, the Bank of International Settlements (BIS) issued a warning to the financial sector about its growing dependency on cloud computing. BIS argued that a growing reliance among financial institutions on cloud computing supplied by a handful of companies could have “systemic implications for the financial...
Sap to Cut 3,000 Jobs, Explore Qualtrics Stake Sale
Date: January 26, 2023
By Kirsti Knolle and Supantha Mukherjee BERLIN/STOCKHOLM (Reuters) -SAP said on Thursday it planned to cut 3,000 jobs, or 2.5% of its global workforce, and explore the sale of its remaining stake in Qualtrics, as the Germany software company looks to cut costs and focus on its cloud business. SAP is the latest tech company...