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Friday, October 30, 2020
Open-source technologies are increasingly attractive to financial services firms. They are in broader usage across the sector as they are more widely available and are easy to adopt, lowering the barriers for usage in new projects. As well as helping clients reduce software and infrastructure costs, the increasing adoption of […]
When moving to the cloud, meeting all risk, legal and compliance requirements is non-negotiable. The key question regulators are asking financial services providers is whether they have identified the operational risks associated with migrating to cloud computing and if banks understand the process of managing these obstacles. Part of the […]
Deploying new applications on the cloud is now the default. The question is not if applications should be built in the cloud or existing workloads should be migrated, but how fast can financial institutions (FIs) remove traditional IT constraints in the age of digitalisation. In the race to innovate, FIs […]
DivvyCloud, a security and compliance automation developer for cloud infrastructure, has netted $19m in a growth funding round. The capital injection was led by Providence Strategic Growth, with participation also coming from existing backers MissionOG and RTP Ventures. Following this latest funding, the company has raised a total of $29m […]
Although mainframe bank legacy systems have persisted far longer than most people thought likely a few years ago, that may be changing at last as some vendors develop phased replacement. “Banks aren’t going to jump to pull out that complete heart all at once, “ said Jay Mossman, CEO of […]
As we head into 2019, it will be imperative for CIOs to see cloud computing as a critical element of their IT strategy, and not just as a cost that needs to be carefully managed Advancements in solutions and integrated data tools will substantially enhance operations in the cloud, leading […]
