Is 2017 the year of digital business reinvention in financial services?

Against a backdrop of emerging technologies, shifting customer expectations, regulatory changes and evolving business models, Forrester Research lays out the future of financial services in a provocative report entitled “Predictions 2017: Pioneering Financial Providers Will Partner With Fintech To Build Ecosystems.” It makes the claim that breakaway leaders will focus on digital products delivered as application programming interfaces (APIs), and partner with fintech organizations to create new ways to engage customers.
Indeed, the leaders recognize that nothing short of a complete digital reinvention is needed to compete and win going forward.  For some this means launching more mobile payment apps than the market might need.  For the pioneers, however, this means tackling more challenging customer journeys such as mortgage applications and insurance claims, and incorporate predictive analytics into more intelligent personalized product advisors.
On the emerging technology front, everyone is evaluating use cases in the application of blockchain.  Forrester predicts that sentiment around blockchain will transition from “irrational exuberance to rational assessment” as the players accept that the challenges of successfully implementing blockchain applications are equal parts market structure, non-technical issues and technology.
The impact of the European Union’s Directive on Payment Systems (PSD2) cannot be understated as it will spread across the world markets as institutions and fintechs monitor the results of the unfolding opening banking initiatives and shift to embrace the API economy.
These are just some of the main points I picked up from this report. To dig deeper into these, read the full report.
So is 2017 the year of digital business reinvention for financial services where institutions partner with FinTechs in digital ecosystems that create new ways to engage customers? I think so. I can imagine ecosystems and cloud development platforms that bring financial institutions and fintechs together to deliver a range of new solutions from payments, lending, insurance claims to investment management, and more. This vision is not a distant future.
Learn more about how you can start now to capitalize on digital ecosystems and accelerate the pace of innovation for your organization.

A version of this post originally appeared on the IBM Banking blog.
The post Is 2017 the year of digital business reinvention in financial services? appeared first on Cloud computing news.
Quelle: Thoughts on Cloud

EasyFix: Getting started contributing to RDO

It can be intimidating trying to get involved in an open source project. Particularly one as huge and complicated as OpenStack. But we want you to join us on the RDO project, so we’re trying to make it as easy as possible to get started.

To that end, we’ve started the EasyFix initiative. EasyFix is a collection of “easy” tickets that you should be able to get started on without having a deep knowledge of the RDO project. And in the process, you’ll learn what you need to know to move on to more complex things.

These tickets cover everything from documentation, to packaging, to helping with events, to writing tools to make things easier. And each ticket comes with a mentor – someone who has volunteered to help you get through that first commit.

There’s also a general mentors list, categorized by area of expertise, if you just have a question and you’re not sure who to ping on IRC.

We’ve been running the EasyFix program for about 3 weeks now, and in that time, four new contributors have started on the RDO project.

We’re very pleased to welcome these new contributors, and hope they’ll be around for a long time to come.

Christopher “snecklifer” Brown – I’m Christopher Brown, a HPC Cloud Engineer based in Sheffield in the UK. I’ve worked on OpenStack since June 2015. I used to work on packaging for the Fedora project so I am transferring and updating those skills to help out with RDO when I can.

Anthony Chow – I am a software developer for legacy networking equipment wanting to be a Developer Advocate. I have been venturing into other technologies such as cloud, container, and configuration management tools. Passionate in learning and sharing technologies related topics.

Treva Williams – T. Nichole Williams is an RHCSA 7 Certified Linux and OpenStack engineer and content author for LinuxAcademy.com, & an OpenStack active technical contributor in the Magnum project. She is actively involved in several OpenStack, OpenShift, RDO, and Ceph communities and groups. When not OpenStacking or Cephing, she enjoys doggos, candy, cartoons, and playing “So You Think You’re a Marine Biologist” on Google.

Ricardo Arguello – I am an Open Source enthusiast that tries to collaborate as much as I can. I have helped in the past with patches for WildFly, and as a Fedora packager. The RDO project is very complex an intimidating, but collaborators are welcome and there are easy to fix bugs for newbies to make their first contributions! That makes RDO a great community if you are interested in helping the project while learning about Open Stack internals in the process.

If you want to participate in the RDO project, we encourage you to find something on the EasyFix list and get started. And please consider attending EasyFix office hours, Tuesdays at 13:30 UTC.
Quelle: RDO