Sunday, September 25, 2016

Hibernia Expands Financial Net to Moscow, Dubai, Mumbai

Hibernia Networks has expanded its global connectivity service aimed at the financial sector to include low-latency connections to Moscow, Dubai and Mumbai.

The roundtrip latency performance for the three routes is as follows:

CME – M1 Moscow 105.40ms
CME – BKC Mumbai 176.95ms
CME – DGCX Dubai 172.85ms

“Hibernia Networks is a critical enabler of the global financial ecosystem, reinforced by the expansion of our low latency footprint into the key markets of Moscow, Mumbai, and Dubai,” states Omar Altaji, Chief Commercial Officer of Hibernia Networks. “These cities and the regions they’re part of are poised for substantial growth in financial trading activity, driven by the expansion of electronic trading in equities, futures and options. Customers are now able to execute financial transactions and efficiently access vital market information in real time utilizing our ultra low latency routes into Moscow, Mumbai, and Dubai, resulting in enhanced profitability,
as well as improved performance across this ecosystem.”

http://www.hibernianetworks.com/


IBM to Implement Blockchain for Banking App in China

IBM will implement a blockchain solution to support a loyalty bonus points exchange among multiple banks in China.

The project with China UnionPay E-payment Research Institute will enable consumers to exchange loyalty bonus points between any of the banks they do business with. Currently, credit card bonus points cannot be freely exchanged among different banks, so many bonus points go unused because of strict bonus points policies or a limited selection of goods for exchange.

"The combination of blockchain technology and expertise from IBM coupled with an innovative business approach by China UnionPay in the payment industry has resulted in a significant first of a kind demonstration of blockchain technology in the financial payments industry,” said Dr. Shen Xiaowei, Director of IBM Research - China, CTO of IBM Greater China Group.  “IBM is partnering with the Hyperledger Project to build an open source, enterprise-grade blockchain platform and is helping clients define and develop more industry use cases. In time, we expect this to result in widespread adoption of permissioned blockchain networks to solve a number of business challenges.”

http://www.ibm.com

IBM Opens Cloud Data Center in Norway - its First in Nordics

IBM inaugurated a cloud data center in Fetsund, 30 km outside Oslo, Norway. The facility is IBM’s 48th global cloud data center and the 12th in Europe.

The IBM Cloud data center will support growing cloud adoption in the Nordics, providing the complete portfolio of IBM cloud services for running mission critical enterprise workloads, including IBM Bluemix, Watson and analytics capabilities.

EVRY, a leading Nordic IT services company, is already leveraging these capabilities to accelerate its transformation and deliver business value to its clients, which was part of a strategic partnership announced last year. This includes establishing a private cloud solution enabling their clients to further drive innovation.

“We are committed to providing global and local clients the fastest and easiest onramp to the IBM Cloud to accelerate their digital transformation,” said Robert LeBlanc, senior vice president of IBM Cloud. “This investment will provide Nordic customers, especially those in regulated industries, with more flexibility to manage and gain insight into data within the region.”

http://www.ibm.com

See also