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Grameen Hires ThoughtWorks to Expand Microfinance Platform
Thoughtworks to use agile development methods to scale up Grameen's Mifos platform.
Citi Endorses IBM's New zEnterprise Mainframe As Banks' Mainframe Reliance Continues
IBM's hyperbolic announcement yesterday of its new zEnterprise mainframe (Big Blue said the new system provides 60% more performance and capacity in the same power envelope than the previous generation of IBM mainframes, z10, and is 56% less expensive to run than a comparable farm of Intel servers) interested us because in the past few weeks, we've spoken to several CIOs about their reliance on mainframes.
Three Ingredients of a Successful Cloud
Successful cloud computing requires virtualization, automated provisioning and the ability to charge users only for what they use.
Some Bank Apps Belong on a Cloud, Others Should Stay Far Away
Some bank applications, such as compute-intensive pricing models, are well suited for a cloud computing environment. Others, including those using sensitive information, should steer clear.
How to Do Cloud Right
Bank IT departments are feeling pressure to compete with Amazon's cloud services. But they need to form a sound cloud strategy first, advises Innovation Councils cofounder Julio Gomez.
ING Looks to Halve App Runtime Costs with Cloud Computing
By leveraging cloud computing, ING estimates it can cut application runtime costs in half while doubling processing speeds.
Banks Still Face Obstacles to Cloud Computing
Security fears, old programs, vendor licensing issues and the risk of spreading the 'IT mess' stand between banks and a successful cloud.
BS&T Survey: Banks Take to Cloud Computing
The agility and cost-efficiency enabled by cloud computing has some large banks proactively testing the technology. But other bankers are cautiously awaiting answers to security and regulatory questions. Still others aren't even quite sure what cloud computing is.
Banks Need to Turn Black Boxes into Glass Boxes
By David Sherriff, Microgen
Traditionally, many financial services companies have treated their internal operations like the black box on an aircraft: only when the plane goes down do outsiders get a glimpse into what happened leading up to the crash.
Pennsylvania Bank Uses Network Monitoring Tool, Saves $32,000 A Year
Network analysis also helps the bank check IT configurations and deal with fraud.
Commonwealth Bank Shares Its Cloud Computing Plans
Nick Holdsworth, executive general manager of service support at Commonwealth Bank of Australia, has given an interview with iTnews in which he explains the cloud computing initiatives the bank has planned.
In the first video clip, below, Holdsworth describes the bank's current stage in cloud computing. CBA has started creating proofs of concept and is looking for vendor partners to work with. The bank has already set up an Apple-like app store. Initially, the bank will use the cloud for appli
Q&A: How Wayne Mekjian, IS Head at Wells Fargo, Finds Time to Innovate
Although he's in the midst of a major merger integration, Mekjian still makes IT innovation a priority, especially in the areas of mobile banking, payments and a new project manager workstation under development.
Does Cisco's Cius Tablet Make Sense for Banks?
By now you've read about Cisco's iPad-like new Cius tablet targeted at enterprises. The tablet uses the Android operating system and its key feature is telepresence (videoconferencing), with high-definition video streaming and a five megapixel camera that refreshed at 30 frames per second. The tablet comes with collaboration software including Cisco Quad (which provides document sharing and chat features), Cisco Show and Share (which is for creating videos), Cisco WebEx Connect (presence awarene
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