Sectors » Financial Services
During a conversation this week with Cray CEO, Peter Ungaro, we learned that the company has managed to extend its reach into the enterprise HPC market quite dramatically–at least in supercomputing business terms. With steady growth into these markets, however, the focus on hardware versus the software side of certain problems for such users is….
The private industry least likely to adopt public cloud services for data storage are financial institutions. Holding the most sensitive and heavily-regulated of data types, personal financial information, banks and similar institutions are mostly moving towards private cloud services – and doing so at great cost.
<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/analytics_small.bmp” alt=”” width=”92″ height=”92″ />One of technology’s most pervasive buzzwords echoed in the ears of attendees at this year’s one-day HPC on Wall Street conference in New York City, as panel after panel addressed the challenges and opportunities that big data presents. From the opening remarks regarding Wall Street’s traditional concern of low latency, delivered by Cisco CTO Paul Perez, to the multiple open-ended discussions that took place in concurrent panels, the “big data” problem was a much-discussed topic.
Cloud computing offers highly flexible and available compute capacity for a variety of applications. However, the act of provisioning those resources can be rather complicated, requiring a certain level of expertise and consequently reducing cloud adoption. In 2005, Techila was created to simplify the act of using the cloud, developing middleware to bridge applications to external compute resources.
<img style=”float: left;” src=”http://media2.hpcwire.com/hpcwire/uRiKA_top.bmp” alt=”” width=”94″ height=”93″ />For the first time in its history, Cray has built something other than a supercomputer. On Wednesday, the company’s newly hatched YarcData division launched “uRiKA,” a hardware-software solution aimed at real-time knowledge discovery with terascale-sized data sets. The system is designed to serve businesses and government agencies that need to do high-end analytics in areas as diverse as social networking, financial management, healthcare, supply chain management, and national security.
The NASDAQ OMX group and Amazon Web Services have partnered to develop a cloud platform for financial institutions.
Errant HFT algorithm costs firm $440 million.
According to a new report from Saugatuck Technology, cloud-based business analytics is poised for huge growth over the next two years.
IBM and Citigroup introduce the Jeopardy-winning supercomputer to the financial industry.
Risk-averse industries are still considering clouds but security and availability concerns persist for mission-critical applications.
Off the Wire
PARIS, France, Aug. 12 — Atos, an international information technology services company, and Bull, the trusted partner for enterprise data, together announced today the successful completion of the tender offer launched by Atos for all the issued and outstanding shares in the capital of Bull. The transaction represents a key milestone in the creation in Read more…
SANTA CLARA, Calif., Aug. 8 — NVIDIA has reported revenue for the second quarter ended July 27, 2014, of $1.10 billion, up 13 percent from $977 million a year earlier and in line with the previous quarter. Revenue for the first half was up 14 percent to a record $2.21 billion from $1.93 billion a year earlier. Read more…
MILPITAS, Calif., Aug. 6 — SGI, the trusted leader in high performance computing and data analytics, today reported financial results for its fiscal fourth quarter and year ended Jun. 27, 2014. Total revenue for the fiscal fourth quarter was $142 million, which compares with $124 million in the previous quarter and $171 million in the Read more…
SAN JOSE, Calif., Aug. 5 – Super Micro Computer, Inc., a leader in application optimized, high performance server solutions, today announced fourth quarter and full-year financial results for the fiscal year ended June 30, 2014. Fiscal 4th Quarter Highlights Quarterly net sales of $428.1 million, up 14.5% from the third quarter of fiscal year 2014 and Read more…
TOKYO, Japan, July 31 – Fujitsu today reported a profit for the first quarter attributable to owners of the parent of 6.8 billion yen (US$67 million), representing an improvement of 16.0 billion yen compared to the loss posted in the first quarter of fiscal 2013. From the first quarter of fiscal 2014, the Fujitsu Group has Read more…