Category Archives: Banking & Finance

ManageEngine launches cloud-based remote monitoring and management solution 

ManageEngine, the enterprise IT management division of Zoho Corporation, has launched Endpoint Central MSP Cloud, which it says brings the advantages of the cloud’s scalability, flexibility, and efficiency to the remote monitoring and management (RMM) of endpoints for managed service providers (MSPs). The launch also completes the first stage of the company’s vision for a… Read more »

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Nearly a quarter of businesses are losing more than £100,000 a year to IT skills shortage

Nearly a quarter of IT decision-makers (22%) estimate IT skills shortages are costing their business more than £100,000 a year in recruitment fees, temporary staffing, increased salaries and investment in lower-level employees to bring them up to speed over time. As the skills shortage worsens, over three-quarters of respondents polled (77%) say their organisation’s IT… Read more »

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Kyndryl unveils banking and financial industry services for Google Cloud customers

Kyndryl, a technology infrastructure services provider, has unveiled new services for financial services organisations seeking to use Google Cloud to safely store and protect their confidential and sensitive data. Kyndryl’s new services are designed to enable a unified, scalable and security-rich data platform to support customers’ regulatory and compliance activities and requirements. Kyndryl developed the… Read more »

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40%+ of firms lose revenue from technology downtime and cloud complexity

55% of enterprises are struggling to derive meaningful insights from their data, highlighting an industry-wide need to deliver technology faster, more reliably and in more places, according to a survey by Hitachi Vantara, the modern infrastructure, data management and digital solutions subsidiary of Hitachi. The survey revealed ongoing challenges related to security, inflexible systems, isolated… Read more »

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UK startups wasting over two weeks per year – costing the UK an estimated £37bn in GDP

UK startups and microbusinesses are wasting over two working weeks every year on admin tasks, including managing mobile phone contracts, choosing energy providers, and buying insurance – according to new research.  The study, conducted by Beasy, which surveyed 500 business owners employing between 1-9 people, found that startup founders are spending an average of 5.5… Read more »

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Avanade launches cloud insights platform that identifies risks and unlocks cloud spend

Microsoft solution provider Avanade has launched a platform to help businesses establish an AI-ready digital core and unlock funding to reinvest in innovation. ‘Avanade Cloud Impact’ is a data platform that uses the latest in AI and machine learning to integrate and analyse industry, business and technical data sources and generate rich, tailored modernisation for… Read more »

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NexGen Cloud’s $1bn AI supercloud to turbocharge AI in Europe

NexGen Cloud, a sustainable Infrastructure-as-a-Service provider, announced plans and funding for one of Europe’s first AI Supercloud deployments to support the development and growth of AI enterprises. UK-based NexGen Cloud, an Elite member of the NVIDIA Partner Network, plans to invest $1 billion to build its AI Supercloud in Europe, with $576 million already committed… Read more »

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Global cloud comms revenue to grow at 18.3% CAGR over 2022-2027

Cloud communications is expected to witness a substantial growth over the next five years, as businesses are switching from legacy PBX solutions to cloud communications and opting for a pay-as-you-go model to optimise expenses and avoiding upfront investments. Against this backdrop, the cloud communications market size is anticipated to grow at a compound annual growth… Read more »

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Mainframe modernisation driving $12bn+ cost savings for businesses

Kyndryl, an IT infrastructure services provider, has unveiled the findings of its inaugural global survey and analysis of the current and future state of mainframe modernisation for businesses.  The survey among 500 business and IT leaders finds that most organisations are taking a hybrid approach to mainframe modernisation and collectively achieve $12.5B in cost savings. In today´s competitive and fast-changing business environment, enterprises are looking… Read more »

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Kyndryl signs agreement with HMRC to modernise critical tax infrastructure for UK citizens

Kyndryl, an IT infrastructure services provider, has partnered with HMRC through to end of September 2024. Drawing on Kyndryl’s position in managed services, the deal will see Kyndryl continue to manage a proportion of HMRC’s (His Majesty’s Revenue and Customs) mainframe services while Kyndryl Consult will undertake discovery work to prepare for cloud migration and… Read more »

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