IBM and Citigroup introduce the Jeopardy-winning supercomputer to the financial industry.
According to a recent report from Excelian, grid computing has finally “grown up” which provides a window for users in the financial services industry to consider (and reconsider) best practices for distributed computing and evaluate variations on old models.
Although Egypt is not exactly the epicenter of high-end computing, a tech startup based in Cairo is looking to make its name in an emerging area of HPC. SilMinds has developed hardware accelerator technology designed to speed up a growing set of financial computing applications. The resulting products represent one of the few hardware-based solutions that support decimal floating point (DFP) math.
For banks, the march to the cloud is gaining momentum, but at this point, it’s only in theory rather than in practice. While expectations about the role of cloud in the industry are optimistic, adoption remains largely in the application development and testing space alone.
Bank of America, Commonwealth Bank of Australia and Deutsche Bank have announced that they are forming an alliance to collaborate for the common goal of attempting to cut back on their general IT infrastructure costs by adopting cloud strategies.