/cloud

News and resources on cloud strategy, selection, build, migration and operation for banks and fintechs.

Discussion
BlackRock rolls out GenAI to staff and clients
Tara Doridy

Tara Doridy

  BlackRock's adoption of generative AI tools, known as GenAI, signals a transformative shift in the financial sector. The world's largest investment manager is set to roll out GenAI in January, initially using it for in-house risk management systems like Aladdin and eFront. The move aligns with the industry trend, with Mastercard and Commerzbank also embracing GenAI. The leaked internal memo emphasizes GenAI's potential to revolutionize work and life, likening it to past technological advancements. For those interested in DevOps and cutting-edge solutions, exploring Intellectsoft's offerings at https://www.intellectsoft.net/ may provide valuable insights into the evolving tech landscape in finance.
Ransomware attack on vendor causes outages at 60 credit unions
Chris Brown

Chris Brown

  This is where the terrorists get the upper hand. Everyone in the IT or finance industries is so terrified of the reputational damage from a hit like this that no one is talking about what happened or what they could have done differently to have avoided the infection.   Maybe they were stupid and they left themselves open to the attack but maybe the attackers had a clever new vector that we are all open to. We are certainly not going to be any better prepared after reading this article
Amazon Web Services and Microsoft cloud duopoly to be investigated by Ofcom
Ketharaman Swaminathan

Ketharaman Swaminathan

  Kudos to Amazon / AWS Amazon for its candid response. IT sector in general and Cloud / SAAS sector in particular spend gazillions of money upfront and thereby democratize access to technology. It's naive to think that IT companies are doing this out of altruism. Of course they will seek to foster customer loyalty via differentiators and other ways to drive stickiness so that they can recover their investments. IT Customers are okay with this, judging by their growing purchase of IT products over the decades. Regulators should stay out of this unless a critical mass of IT customers complain to the government about vendor lockin, etc.   
Cloud Adoption is not Enough
Ketharaman Swaminathan

Ketharaman Swaminathan

  TY @ChrisFreeman for the clarification.