“Our new solutions have been built in response to growing demand from FSIs around the world for cloud products capable of accelerating their digitalization and enhancing the customer experience,” said Raymond Xiao, Head of International Industry Solutions and Architecture, Alibaba Cloud Intelligence. “By leveraging our extensive cloud capabilities and industry know-how, we have developed a comprehensive suite of solutions to advance growth and innovation in the finance sector”.

Aruba, a Hewlett Packard Enterprise company, will return to GITEX Technology Week in October with the theme ‘Making connections, anywhere’ – creating the connections that power businesses and the world. The company will demonstrate its cloud-native approach to helping customers meet their connectivity, security, and financial requirements across campus, branch, data center

Legacy hardware and software are two of the most significant impediments to FinServ architecture upgrades. Organizations are forced to use obsolete technology due to the prohibitive cost of refactoring and re-platforming their core systems. Companies no longer need to be stymied by legacy technology. The Nutanix Cloud Platform has been demonstrated to provide a staggering 477% ROI in 5 years while lowering TCO by two-thirds. This entails maximizing the company’s investment in on-premises infrastructure in the near future.

RAYA Customer Experience, a subsidiary of Raya Holding for Financial Investments, announced the signing of a strategic partnership contract with Zain Saudi Arabia, the leading company in the field of communications and digital services

Veracode, a global provider of application security testing solutions, released data revealing that the financial services industry ranks among the best in terms of overall flaw percentage when compared to other industries, but has one of the lowest fix rates for software security flaws. The sector also ranks in the middle of the pack for high-severity flaws, with 18% of applications containing a serious vulnerability, with 18% of applications containing a serious vulnerability, implying that financial firms should prioritize identifying and remediating the flaws that matter the most.