Article: The benefits of serverless for the banking and financial services industry

Money, Open Governance

The benefits of serverless for the banking and financial services industry

The financial services industry, like many industries, is currently undergoing a radical shift. In addition to the change to all-digital transactions, customers have come to expect comprehensive services that are able to meet their needs when, where and how they want them. In order to keep up with rapidly changing customer demands and remain compliant with industry regulations, financial services organizations must have the right IT infrastructure and processes in place.

And, as cloud-native—and more specifically, Kubernetes-native—development techniques continue to become the norm, the way developers at financial institutions work must also change, to a cloud-first approach. More and more, implementing a serverless architecture is what makes sense for financial organizations as they continue to transform their focus more on customer demands than IT infrastructure.

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Article: Airbyte announces $26M Series A for open source data connector platform

API, Open Infrastructure

Airbyte announces $26M Series A for open source data connector platform

One of the major issues facing companies these days isn’t finding relevant data so much as moving it to where it’s needed. Enter Airbyte, an early-stage startup that is building an open-source data integration platform to help solve that problem. Today the company announced a $26 million Series A, just a couple of months after announcing its $5.2 million seed round.

Benchmark led the investment with help from 8VC, Accel, SV Angel, Y Combinator and multiple tech industry luminaries. The company has raised more than $31 million, all of it coming this year.

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Article: 6 examples of open source best practices in knowledge-sharing projects

Innovation, Open Source, Open Space

6 examples of open source best practices in knowledge-sharing projects

As someone who has watched my fair share of projects and initiatives come and go, I value the follow-on effects of good knowledge sharing. Even knowledge from bygone projects is available to learn from the past; such is the benefit and the curse of an internet that never forgets—all the practices good, no-longer-good, and never-were-good are out there to be found.

As the head of Red Hat’s Open Source Program Office (OSPO), I both appreciate and benefit from the myriad ways different communities create and share knowledge about open source. The very effort of creating open source software is a massive knowledge-sharing experience, covering all the domains of software development with many methods and practices.

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Article: Red Hat Introduces Open Source StackRox Community – Cluster Security for Kubernetes

Innovation, Open Space

Red Hat Introduces Open Source StackRox Community – Cluster Security for Kubernetes

Red Hat today introduce the StackRox community, the upstream project that will work to open source and manage the code that powers Red Hat Advanced Cluster Security for Kubernetes. The goal is to support innovation within an industry traditionally dominated by proprietary security solutions.

“Customers, partners and other interested contributors can learn more about joining the community at stackrox.io,” Red Hat said in its announcement. The company said that since acquiring StackRox in February 2021 it has worked through the various considerations, both technical and legal, involved in the open sourcing process. “

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Article: IBM, Red Hat and Cobuilder Develop OpenBuilt, a Platform for the Construction Industry

Hardware, Materials, Open Manufacturing

IBM, Red Hat and Cobuilder Develop OpenBuilt, a Platform for the Construction Industry

IBM, Red Hat and Cobuilder recently announced a collaboration to develop OpenBuilt, a platform for the construction industry supply chains built on the hybrid cloud platform Red Hat OpenShift and running on IBM Cloud.

OpenBuilt is designed with the goal to allow companies across the construction industry, architects, building material suppliers, manufacturers and engineering firms to connect their technology platforms to partners and suppliers in their supply chain relying on a common cloud platform and infrastructure. Using OpenBuilt, construction companies will then have access to different applications and services from technology providers.

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Article: Linux Foundation sigstore finds ‘origins’ in software supply chains

Cures, Drugs, Open Health, Procedures (Medical)

Linux Foundation sigstore finds ‘origins’ in software supply chains

Zuellig Pharma’s eZTracker leverages blockchain to help countries get up to speed with their vaccination programmes and to counter the threat of counterfeit vaccines. Take a peek behind the curtain and learn how the smartphone app, powered by SAP’s blockchain platform, lets consumers verify the authenticity of a drug.

Designed to improves the security of the software supply chain, sigstore is said to enable the adoption of cryptographic software signing backed by transparency log technologies. Software application development professionals will be able to securely sign software artifacts such as release files, container images and binaries.

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Article: Inspur, China’s largest cloud hardware vendor, joins open-source patent protection consortium

Innovation, Open Space

Inspur, China’s largest cloud hardware vendor, joins open-source patent protection consortium

The Open Invention Network (OIN) defends the intellectual property (IP) rights of Linux and open-source software developers from patent trolls and the like. This is a global fight and now the OIN has a new, powerful allied member in China: Inspur.

Inspur is a leading worldwide provider and China’s leading data center infrastructure, cloud computing, and artificial intelligence (AI) server providers. While not a household name like Lenovo, Inspur ranks among the world’s top-three server manufacturers.

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Article: How to Boost Open Source Services Market 2021 Global Industry Forecasts Analysis, Competitive Landscape and Key Regions Analysis

Open Software, Open Source

How to Boost Open Source Services Market 2021 Global Industry Forecasts Analysis, Competitive Landscape and Key Regions Analysis

Open-source software (OSS) is a type of computer software whose source code is released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.

“Big Market Research “has added a new report titled, “Global Open Source Services Market Professional Report 2021” to its vast repository of research reports. This is a thorough report focused on the current and future prospects of the Global Open Source Services Market. The report is a collation of primary and secondary research that provides the overall market size, share, key dynamics, and forecast for various segments and sub-segments, considering the macro and micro-economic factors.

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Article: IBM introduces IBM Cloud for Financial Services.

Innovation, Money, Open Governance, Open Space

IBM introduces IBM Cloud for Financial Services.

For financial services, the biggest challenge in their journey to the cloud is ensuring they meet various regulatory and compliance requirements. Be it a bank, a fintech company or even an insurance firm, compared to other industries, the number of regulations they have to adhere to can be a lot more complicated. This is because of the sensitivity of the data they are dealing with.

For years, banks and other FSIs have been developing their own applications on their own infrastructure. The demand for better customer experience, digitalised operations, risk reduction and gaining competitive advantage requires applications to be developed, managed and run efficiently. The cloud has proven to be a business enabler to solving challenges and unlocking new revenue opportunities. While access to the private cloud is an option, the growing amount of data and the demand for better services by customers require banks to expand their cloud usage to the public cloud.

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Article: Gitpod nabs $13M for cloud-based open source software development platform

Open Software, Open Source

Gitpod nabs $13M for cloud-based open source software development platform

Gitpod, a cloud-based open source development environment, today revealed it has raised $13 million in a round of funding. The German startup also introduced a handful of new features, including native support for Microsoft’s Visual Studio Code editor.

The raise comes amid a boom in activity in the browser-based coding sphere, as developers move away from local development environments to the collaboration-friendly cloud — particularly important in a world that has rapidly transitioned to remote work. Moreover, local development can cause problems when it comes to testing performance and security because not everyone has the same technological setup as the developer. Moving to the cloud helps circumvent many of these problems.

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