article thumbnail

Banking on mainframe-led digital transformation for financial services

IBM Big Data Hub

Before the internet and cloud computing , and before smartphones and mobile apps, banks were shuttling payments through massive electronic settlement gateways and operating mainframes as systems of record. Complex analytical queries atop huge datasets on the mainframe can eat up compute budgets and take hours or days to run.

article thumbnail

The convergence of HPC and AI: Driving innovation at speed  

IBM Big Data Hub

Many industries rely on high-performance computing (HPC) to achieve this goal. For example, HPC offers high levels of computational power and scalability, crucial for running performance-intensive workloads. In the era of gen AI and hybrid cloud, IBM Cloud® HPC brings the computing power organizations need to thrive.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The U.S. Office of the Comptroller of the Currency Seeks Comment on Digital Innovation by Banks

Data Matters

electronic payments, check capture and online banking), the OCC lists some of the new technologies, the implementation of which may be hindered by ambiguous, burdensome or inflexible rules, such as blockchain, artificial intelligence, biometrics, cloud computing and big data/analytics.

article thumbnail

The Future of Payments Security

Thales Cloud Protection & Licensing

As the digital economy plays an increasing part in our lives, it is vital that electronic payments are secure, convenient, and accessible to all. The Payment Services Directive 2 (PSD2) aims to secure online transactions for Payment Service Providers (PSPs). Strong Customer Authentication (SCA).

Security 143
article thumbnail

Summary – “Industry in One: Financial Services”

ARMA International

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.

article thumbnail

China’s PIPL has finally arrived, and brings helpful clarification (rather than substantial change) to China’s data privacy framework

DLA Piper Privacy Matters

Instead the PIPL is a robust data privacy framework designed to safeguard individuals’ personal data against abuse, but at the same time to reflect cultural and business attitudes to data in China, as well as new technologies (including advances in AI, biometrics and data analytics), and to enable flows of personal data.

article thumbnail

Doing Digital Right (A Book Review)

Information is Currency

The challenge isn’t just managing electronic records, but non-records, content and other data as all information needs to be governed because all information provides risk because of many factors such as e-discovery, data breaches and so much more. Dashboards include real-time analytics on enterprise risk and compliance.