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Finance

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  • 4 min

6 Benefits Of Cloud Computing In Finance

The amount of data produced and consumed by the financial sector is growing at an exponential rate. Cloud computing is the answer when it comes to a better scalable solution for data storage. Cloud computing in the finance industry can greatly improve operations across the board and positively impact the way financial institutions serve their customers. The problem? A lot of financial institutions and related services are still playing catchup when it comes to deploying modern technology. This article aims to highlight the benefits of cloud computing in finance, and why – now more than ever – financial institutions should…
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  • 3 min

Jack Henry Teams Up With Google Cloud To Accelerate Its Multi-Year Modernization Strategy

Google Cloud will power Jack Henry’s cloud-first services for banks and credit unions MONETT, Mo., and SUNNYVALE, Calif. – Sept. 1, 2022 – Jack HenryTM (Nasdaq: JKHY), a leading provider of technology solutions for the financial services industry, announced today a collaboration with Google Cloud to further enable its multi-year next-generation technology strategy focused on helping community and regional financial institutions innovate faster and meet the evolving needs of their accountholders. Through its collaboration with Google Cloud, Jack Henry will build cloud-first technologies that modernize existing data, reporting, and integration systems while creating a new set of services that form a modern digital core…
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The Retirement Tracker Simplifies And Socializes Early Retirement On Google Cloud

A lot of people talk about retirement but far fewer people have the information and tools to plan for it properly. Just how much money you need to live comfortably once you stop working can be the million-dollar (or more!) question. Although there is no shortage of retirement calculators, many only provide a limited one-time analysis and require detailed personal information that may be sold to third parties. We developed The Retirement Tracker with one idea: to empower individuals to take control over their retirement planning with tools to easily plan, track, and even socialize their early retirement. With The…
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  • 3 min

Why Efficiency Drives Tech Innovation

We crave efficiency. A slow load time on our phone or temporarily down streaming service is borderline unacceptable in today’s society. The average consumer now expects everything to work instantly and without issue. But large systems have always been slower. Technology created to serve a larger population—whether it’s a workforce, healthcare, finance, or educational tool—has had a more challenging time adapting to these new expectations for digital efficiency. In some ways, these bigger systems are clunky. However, a few new technologies are emerging in the finance, medical and education sectors, and they are maximizing efficiency and promoting a better user…
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  • 2 min

Computers Manage More Stocks Than Humans Do

Computers completely overtook humans in terms of the proportion of stocks being managed. This is what is revealed by a recent study of The Economist.   35.1% of the US stock market is now being managed by algorithms. Meanwhile, 24.3% of the stock market is still being handled by humans. The remaining portion of the stock market are assets held by companies (15.3%) and other owners such as governments, insurance, and foreigners  (25.3%). In order to come up with these statistics, The Economist studied US$31 trillion worth of equities and checked which entity governs each portion. Understandable shift The stock…
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  • 4 min

WeWork Debacle Exposes Why Investing In A Charismatic Founder Can Be Dangerous

WeWork went from unicorn darling with a nearly US$50 billion valuation to a cautionary tale for gullible investors worth just $8 billion in a matter of months. It did so in part by wrapping its real estate sublet business in the cloak of a tech startup destined to “change the world.” Were investors like SoftBank and JPMorgan duped by the hype of a charismatic founder, as happened with Elizabeth Holmes and Theranos? As a lecturer in finance and someone who managed investments for 20 years, I believe that there was some of that, coupled with behavioral biases that lead people…
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  • 5 min

Using Wall Street Secrets To Reduce The Cost Of Cloud Infrastructure

“Risk-aware” traffic engineering could help service providers such as Microsoft, Amazon, and Google better utilize network infrastructure. Stock market investors often rely on financial risk theories that help them maximize returns while minimizing financial loss due to market fluctuations. These theories help investors maintain a balanced portfolio to ensure they’ll never lose more money than they’re willing to part with at any given time. Inspired by those theories, MIT researchers in collaboration with Microsoft have developed a “risk-aware” mathematical model that could improve the performance of cloud-computing networks across the globe. Notably, cloud infrastructure is extremely expensive and consumes a…
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  • 2 min

How Is Big Data Changing Financial Markets?

Big Data and Artificial Intelligence transformed the way we live. With so much information flowing through servers each day, a lot of our capabilities have been improved. Finance is one of the sectors that handles and analyses huge amounts of data daily. It is heavily reliant on real-time information and has greatly benefited from the surge of Big Data. Here’s how. Better risk-handling Finance is attached with a load of risks which all need to be monitored real-time. Such monitoring is now possible with Big Data. Trends, anomalies, and threats can now be closely examined. Since information comes pretty much…
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