Sectors » Financial Services

Features

Iceland Hosts Technology Trifecta

Jul 9, 2013 |

Cloud computing might well serve as a bridge between green and high performance computing, as top HPC management layers couple with known efficient datacenters, such as what happened when Datapipe and Verne Global formed a partnership in the middle of June that will bring the Stratosphere management platform to Verne’s Icelandic datacenter.

Cray Cracks Commercial HPC Code

Jun 20, 2013 |

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….

Overcoming the Cloud Security Barrier for Financial Services

May 10, 2013 |

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.

Big Data Engenders New Opportunities and Challenges on Wall Street

Sep 27, 2012 |

<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.

Pocket Sized Shots of Techila

Jun 26, 2012 |

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.

Short Takes

Watson Gets a Shot at the Banking Business

Mar 8, 2012 |

IBM and Citigroup introduce the Jeopardy-winning supercomputer to the financial industry.

Insurance Companies Negotiate New Risks

Aug 22, 2011 |

Risk-averse industries are still considering clouds but security and availability concerns persist for mission-critical applications.

IBM’s PERCS for Financial Services

May 23, 2011 |

An IBM representative informed Forbes that it financial services companies are interested in corporate PERCS.

Finance Firms Latch onto GPU Computing

May 9, 2011 |

Turning the erstwhile graphics engine into a money-making machine.

Intel Shipping 4.4 GHz Xeon CPUs

Mar 22, 2011 |

Super-fast server chips likely aimed at high frequency trading.

Off the Wire

HPC Wales Awarded Grant to Lead European HPC Network

May 11, 2015 |

May 11 — High Performance Computing (HPC) Wales, with support from Bangor University, has been awarded a grant by the European Commission under the EU’s Horizon 2020 Research and Innovation programme to lead Europe’s Network of HPC Competency Centres for SMEs. The unique Network will promote access to computational facilities, pool expertise and resources across Read more…

NVIDIA Announces Financial Results for First Quarter Fiscal 2016

May 8, 2015 |

SANTA CLARA, Calif., May 8 — NVIDIA today reported revenue for the first quarter ended April 26, 2015, of $1.15 billion, up 4 percent from $1.10 billion a year earlier and down 8 percent from $1.25 billion the previous quarter. GAAP earnings per diluted share for the quarter were $0.24, unchanged from $0.24 a year Read more…

Cray Reports First Quarter 2015 Financial Results

May 6, 2015 |

SEATTLE, Wash., May 6 — Global supercomputer leader Cray Inc. today announced financial results for the first quarter ended March 31, 2015. All figures in this release are based on U.S. GAAP unless otherwise noted. A reconciliation of GAAP to non-GAAP measures is included in the financial tables in this press release. Revenue for the first quarter Read more…

Extreme Networks Reports Third Quarter 2015 Financial Results

May 6, 2015 |

SAN JOSE, Calif., May 6 — Extreme Networks, Inc. today released financial results for the third quarter of fiscal year 2015, ended March 31, 2015.  GAAP revenue was $119.6 million and non-GAAP revenue was $120.4 million.  GAAP net loss for the third fiscal quarter was $23.5 million, or $0.24 per share, and non-GAAP net loss was $7.9 million, or $0.08 per share. “Our third fiscal quarter was clearly disappointing Read more…

Altair Invests in FluiDyna GmbH

May 6, 2015 |

TROY, Mich., May 6 — Altair today announced an investment in Garching, Germany based FluiDyna GmbH, a renowned developer of native GPU-based fluid dynamics and numerical simulation technologies. The companies will collaborate to develop GPU optimized computational fluid dynamics (CFD) applications for classical aerodynamics and multi-phase flows in complex geometries. In addition to a technology roadmap to release a new virtual wind tunnel Read more…