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Blog posts tagged
"financial-services"

Kris Sharma
17 October 2024

Why is Ubuntu Linux the leading choice to replace CentOS for financial services?

Financial Services Article

Financial services are powered by technology. The customer experience is increasingly driven by data, with tailoring of products and services to reflect individual behaviors and preferences. All of this rests on a foundation of secure, stable technology that can support agility and flexibility to adapt to customer needs, whilst at the sam ...

Kris Sharma
29 September 2023

Digital innovation in finance – the open source imperative

Financial Services Article

Digital innovation is transforming finance. Advances in financial technology such as mobile money, peer-to-peer (P2P) or marketplace lending, robo advice, and insurance technology (InsurTech) are reshaping many areas –  from payments to wealth management. Over the past decade, fintechs have already driven enhanced access to financial serv ...

Kris Sharma
23 August 2023

Machine learning in finance: history, technologies and outlook

Financial Services Article

In its analysis of over 1,400 use cases from “Eye on Innovation” in Financial Services Awards, Gartner found that machine learning (ML) is the top technology used to empower innovations at financial services firms, with operational efficiency and cost optimisation as key intended business outcomes.  ML is a branch of artificial intelligen ...

Kris Sharma
1 May 2023

Accelerating the adoption of AI in banking with MLOps

Financial Services Article

There is rapid adoption of artificial intelligence (AI) and machine learning (ML) in the finance sector. AI in banking is reshaping client experiences, including communication with financial service providers (for example, chat bots). Banks are exploring ways to use AI/ML to handle the high volume of loan applications and to improve their ...

Kris Sharma
7 February 2023

Secure open source MLOps for AI/ML applications in financial services

Financial Services Article

The adoption of AI/ML in financial services is increasing as companies seek to drive more robust, data-driven decision processes as part of their digital transformation journey. For global banking, McKinsey estimates that AI technologies could potentially deliver up to $1 trillion of additional value each year. But productionising machine ...

Kris Sharma
13 December 2022

Open source in financial services – start with a strong foundation

Financial Services Article

Financial Institutions (FIs) need to respond with agility and business velocity to keep pace with changing economic conditions. Yet, emerging competition from fintechs and challenger banks and increasing customer expectations is making this task difficult, especially as regulatory and compliance requirements increase. Embracing the next p ...

Canonical
5 December 2022

Join Canonical and the financial services open-source community at OSSF NY

Financial Services Article

OSFF is a global conference hosted by the Linux Foundation FINOS that brings together experts across financial services, technology, and open source to engage in stimulating and thought-provoking conversations about leveraging secure open source to solve financial services industry challenges. This event showcases recent developments and ...

Kris Sharma
21 November 2022

Empowering developers in financial services with desktop as a service

Financial Services Article

The pandemic has accelerated the trend toward remote working environments but it also pushed governance and security issues to the top of the priority list for IT departments within financial institutions. Employees, and developers in particular, need the technological agility to work remotely given the hybrid workplace model being adopte ...

Kris Sharma
14 November 2022

How can the financial services sector tackle cloud concentration risk?

Financial Services Article

The use of cloud computing by financial institutions has significantly increased in the last few years, a trend that was further accelerated by the COVID-19 pandemic. In the next few years, financial institutions will need to continuously balance the pressure to innovate quickly while managing risk and combating financial crime.  Accordin ...

Kris Sharma
30 September 2022

Migrating to an open-source private cloud platform: key considerations

Financial Services Article

Private clouds combine the many benefits of cloud computing, like elasticity, scalability and agility, with the security, access control and resource customisation of on-prem infrastructure. Private clouds allow financial institutions to have greater control over hardware and software choices. They make it easier to enforce compliance wit ...

Kris Sharma
10 August 2022

Migrating from VMware to an open-source private cloud in financial services

Financial Services Article

Financial institutions will need to use the right mix of cloud services to maximise application performance while on-boarding innovative new capabilities. How can organisations achieve this cost-benefit balance? ...

Kris Sharma
4 May 2022

Cost optimised private cloud for financial services

Financial Services Article

Why private clouds? Regulatory compliance and data privacy requirements require financial institutions (FIs) to consider carefully where their applications are running and where the customer data is stored. The data protection and data sovereignty laws in most countries require an enterprise to keep data in certain geographic locations. P ...

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