IBM
Quantum computing experts voice explainability fears
Big speed-ups for quantum-powered models could prompt bigger questions from regulators.
Waters Wrap: ‘Exponential technologies’ & the changing face of trading (And interop)
Evolutions in the realms of cloud, AI, and surveillance/encryption are making the possibility of a decentralized trading ecosystem more real. Anthony looks at how progress in these areas—as well as the interoperability push—will forever change the…
IBM’s ‘Cloud Satellite’ targets banks convinced of decentralized trading model
The tech giant believes a hub-and-spoke model is the future of trading. In part, it is using its new cloud offering to lure financial services firms that are looking to open remote offices to find new talent.
Waters Wrap: When will Big Tech providers turn sights on the market data space? (And deep learning)
In recent years, the major cloud providers have expanded their service offerings specific to capital markets firms. Some industry observers believe it’s just a matter of time until they get involved in market data M&A activity.
Waters Wrap: Big Tech takes control of cutting-edge encryption (And consortium flat circles)
In addition to growing their cloud presence in the capital markets, Big Tech companies are, unsurprisingly, taking the lead on encryption and security in the cloud. Anthony sees positives and negatives. He also looks at bank-led consortiums.
IBM lures banks’ critical workloads to financial cloud as ‘threat’ from big tech looms large
Having signed a trio of new banks to its financial services-specific cloud, the computing giant is betting on cutting-edge technologies like confidential computing to entice banks threatened by big tech firms.
This week: Genesis, SmartStream, MarketAxess, Allianz GI, and more
A summary of some of the past week’s financial technology news.
Deutsche Börse eyes quantum computing
The exchange’s pilot application to model enterprise risks cuts computation time from 10 years to 30 minutes.
Magnetic tape looks to find a new life at banks in a cloud-based world
IBM, which recently set a new world record for tape storage, says a lot of its financial services clients use the medium for storage as its cheaper and safer than other digital storage options. Others are skeptical of tape’s long-term prospects.
Waters Wrap: Microsoft’s capital markets play (And Algorithmics thoughts)
Anthony takes a look at an interesting announcement between FactSet and Microsoft and what it could hint at as to Microsoft’s future in the capital markets. He also examines Algorithmics in the year after the SS&C acquisition.
Algorithmics charts new course in year-plus after SS&C acquisition
After eight years with IBM, Algorithmics has grown its staff significantly in the year since SS&C bought the risk analytics provider. The vendor is now taking aim at tapping into SS&C’s roster of buy-side users by embedding with the likes of Advent and…
Vendors Continue to Move Products, Services to the Cloud: Some Examples
Last year, most (if not all) financial technology providers either completed or started major projects that involved moving their products and services to the cloud. WatersTechnology looks at 15 of the more interesting cloud-migration initiatives from…
People Moves: IBM, BNY Mellon, Capco, Volante Technologies
A look at some of the key "people moves" from this week, including Gary D.Cohn (pictured), who has been appointed vice chairman at IBM.
Waters Wrap: Why Banks Should Start Experimenting with Quantum Today (And ESG’s Next Wave)
If banks want to future-proof against quantum computing disruption, Anthony says they need to start experimenting now. But there’s another reason to start down this path: as Goldman Sach’s William Zeng explains, there’s a lot of funding that’s available…
Goldman Sachs, IBM Lay Out Quantum Project for Derivatives Pricing
The two firms spent the better part of 2020 developing a detailed analysis of the quantum computing resources needed to achieve quantum advantage in derivatives pricing. Execs from IBM and Goldman explain why this benchmark is important for future…
Machine Learning in the Capital Markets 2020: ML Spreads During Pandemic
WatersTechnology looks at how 10 different firms are embedding machine learning algorithms into their platforms and tools.
People Moves: Fitch Group, 3d Innovations, BCS, Torstone Technology
A look at some of the key "people moves" from this week, including Heidi Lanford (pictured), who has been appointed chief data officer at Fitch Group.
Wavelength Podcast Ep. 223: IBM’s Likhit Wagle on Cloud Adoption
IBM’s general manager of global banking joins to talk about challenges and opportunities surrounding public cloud adoption and containerization.
Capital Markets Face Learning Curve with Container Tech
Technology vendors have begun adopting Kubernetes and Docker to speed up application development and deployment at banks, but rethinking old ways will not be easy.
IBM Bets on Cloud & Containerization to Win Over Investment Banks
After its acquisitions of Red Hat and Promontory, IBM is looking to expand its footprint in the capital markets through containerization, as well as reg reporting in the cloud.
Waters Wrap: Is AML Tech Worth the Cost? (And Cloud Moves & More Blockchain)
Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
EU’s Gaia-X Project: Reaching for Digital Sovereignty
Right now, details are scarce for the project, but Jo says that even if the initiative fails to get off the ground, it marks a big step in the bloc’s effort to achieve digital sovereignty.
EU Firms Seek Clarity on Tech Requirements for Incoming Cloud Guidelines
As Europe prepares for a new batch of outsourcing rules, some firms are looking for answers on how to test exit strategies and mitigate concentration risk.
Science Friction: Some Tire of Waiting for Quantum’s Leap
Use cases for quantum computing are piling up—from CVA to VAR. But so are the obstacles