Sectors » Financial Services
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.
TIBCO is moving its grid computing software to the cloud, starting with its GridServer product. The company is leveraging the Amazon Web Services computing infrastructure to provide customers with an easier and less expensive way to access its sophisticated grid computing technology.
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
March 25 — The National Science Foundation has awarded a $500,000 grant to researchers at Texas Tech University to develop a new supercomputer prototype that could lead to more efficient data-intensive computing – and speed-up the scientific discovery cycle. Yong Chen, assistant professor of computer science and Director of Data-Intensive Scalable Computing Laboratory at Texas Read more…
CLEMSON, S.C., March 6 – The National Science Foundation has awarded Clemson University a $5.3 million grant to enable a national network of Advanced Cyberinfrastructure Research and Education Facilitators (ACI- REFs) to broaden the impact of advanced computing resources at campuses across the country. Led by Clemson CIO Jim Bottum as principal investigator, Barr von Oehsen Read more…
PARIS, France, Feb. 27 — Bull’s Board of Directors approved the Group’s 2013 consolidated financial statements on 26 February 2014. The consolidated financial statements have been audited, and the Statutory Auditor’s report will be issued once the requisite procedures for publication of the Annual Financial Report have been completed. Key Figures (€ millions) 2013 2012(r) Read more…
MILWAUKEE, Wis., Feb. 19 — The Wisconsin Economic Development Corporation (WEDC) and Milwaukee Institute today announced the winners of its 2014 Computational Science Challenge Grants designed to accelerate product development and research utilizing Wisconsin’s very own high-performance computing (HPC) and storage resources. Grant awardee companies are: Oilgear, Milwaukee; Metamodeling, Madison; Helionx, Middleton; H20score, Milwaukee; Dedicated Read more…
NEWARK, N.J., Feb. 18 — Optimal Solutions, Inc. (OSI), of Lyndhurst, has received a $225,000 National Science Foundation grant with the assistance and guidance of the New Jersey Small Business Center’s Technology Commercialization program which focuses on assisting science-tech companies in taking their innovations from the laboratory to the marketplace. OSI delivers customized software applications Read more…