Banking on the Clouds

The Temenos Microsoft alliance to bring banking on cloud computing is commendable and the fact that 12 Mexican Banks have agreed to Migrate and work is in progress is heartening news for those who believe that the future of computing is the cloud.
Microsoft has also signed with Misys to offer their banking solutions on the Microsoft cloud Azure.
Some of the key development over the last few months are given below which I have taken from the Microsoft website.

Temenos Announces the Availability of its T24 Core Banking System on the Microsoft Windows Azure Platform

Misys Announces Core Banking Solution to be Extended to the Cloud with the Windows Azure Platform
BNP Paribas Envisages the Future of the Branch
North Shore Credit Union boosts innovation and customer service with Temenos and Microsoft
Source : http://www.microsoft.com/enterprise/industry/financial-services/banking/default.aspx

The cloud provides a great opportunity of banking software solution providers migrate their current and future customers to the cloud, thus bringing in resilience and economy in technology operations in Banking.

NASDAQ had already moved some operations to the cloud, now it is the turn of the Banks and I am sure in following months Financial Services and Insurance companies will also make their moves into the cloud.

The Cloud is slowly and surely getting traction from the Risk Averse BFSI Sector!.

Comments

SMAC and the Transformation of Customer Service & Dialogue

"SMAC" is the a acronym for Social, mobile, analytics & cloud the four pillars of the fifth wave of technology as defined by Cognizant Technology the Teaneck, New Jersey headquartered ITES company (NASDAQ Symbol : CTSH). SMAC will change the customer dialogue by leveraging on the collective strength of the Social Media Network, Mobile devices, Analytics driven by Big Data solutions and Cloud Computing as the underlying backbone of affordable and reliable engine for computation. Let us look at each of these components and their impact on our lives today: 1. Social Media - The Social Media has seen breakneck growth and significant valuation with the winners, we have the four undisputed leaders in this segment Facebook, Twitter, Pinterest & LinkedIn with competition from Yahoo, Google and Microsoft and another hundred more social media sites of different hues and aspirations. 2. Mobility - The way we handle and process information an...

Top 10 Changes in the Workplace - Impact of COVID-19

A lot has been said about what’s happening with the impact of Covid, on the workplace. Many of these are hard to imagine and some will require serious consideration. Nevertheless, my 20 years plus background in IT, Operations and Consulting across BCP, Security, Projects and Leadership makes me believe the following are what we can be looking forward to (at varying levels) over the next couple of years. Please leave a comment and I would love to hear your thoughts and comments too! 1. Disinfection Chambers - You would have to walk into the office through disinfection chambers, entry into the chamber would be post facial and iris recognition for 2 factor biometric contactless authentication. You could then be tested for Covid by a nurse through the use of a rapid test kit (Emirates Airline has already deployed the same for airline passengers), there would be a ten minute wait time for the results before you are let into t...

25 Years of Teletext and the India Teletext Project

Photo Credit - Theo Priestly (https://www.linkedin.com/in/theopriestley/) A post in LinkedIn on 25 years of teletext reminded me of the implementation of the teletext project in India in the early 1990's . My first introduction to teletext was in the United Kingdom in 1990 where I learnt the finer points of horse racing in the teletext feed, it was interesting information and available with a click on the TV remote. I returned to India in 1991 and was hired as a member of the OTCEI (Over the Counter Exchange of India) team to build India's first national fully automated stock exchange created on the lines of NASDAQ USA. We successfully launched the exchange but needed a solution for price dissemination to smaller cities. The Satellite Antenna for teletext in Mumbai (LtoR) Sudesh Puthran, author, Late R. Ravimohan, Sandeep Bagalkar & Karthik Shah There was only one vendor for equity price dissemination those days, it ...

CloudBus

Search This Blog