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Staking a claim in digital-only banks

Big names in the financial services sector are moving beyond incorporating a few online and mobile banking features into their traditional products and services. They’re stepping into full-scale, digital-only banking: Chase has launched Finn, for example, and Citizens Financial Group has created Citizens Access. Reportedly waiting in the wings is a national digital-only bank from Citigroup, too.

These new brands stemming from established banks will be going up against competitors such as Ally and GoBank, who have made the digital-only bank space their home from their inception. By launching their digital brands, Chase, Citizens Financial Group, and the others that follow, are creating options for escaping the confines of their existing processes and technology environments.

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Where to find Red Hat at ONS Europe 2018: Exploring containers, blockchain, and more

Here at Red Hat, we are excited to join partners, customers, and The Linux Foundation for the 2018 Open Networking Summit (ONS) Europe, September 25-27, in Amsterdam. We have a lot on the schedule for service providers, with presentations covering topics like moving your virtual machine virtual network functions (VNFs) to a container environment, blockchain for telcos, and an OPNFV tutorial.

Join us in the Red Hat booth for demos on OpenDaylight (ODL) and Kubernetes; Prometheus; and Kubernetes for network functions virtualization (NFV) – Multus and single root input/output virtualization (SR-IOV). And don’t miss the community-developed Virtual Central Office (VCO) 2.0 demo in the Linux Foundation booth to the left of the main entrance to the convention center, where our Red Hat team also will be available to answer questions.

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Virtual Central Office 2.0: It takes a community

The central office plays an important role for service providers: as the termination point for subscriber connectivity, it’s the last physical interface with residential and business customers for service delivery. As service providers attempt to deliver services closer to the customer by leveraging computing capabilities at the edge, the central office is poised to play a key role in their digital transformation journeys. But there’s work to be done in central offices to prepare them for this role.

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DevSecOps: Accelerating delivery of digital services in banking.

DevOps – the application development paradigm for continuous integration and delivery – has become a popular methodology for banks to accelerate delivery of applications in today’s fast-paced digital economy. Now, banks are setting their sights on DevSecOps, which aims to integrate and automate security into the entire testing, development, and delivery process.

The benefits of DevOps are fairly well understood. When development and operations teams produce iterative changes more frequently, it can reduce software defects and service issues. This is important to all banking services, but even more so in digital banking. Digital-first customers expect not only new and innovative experiences, but also a secure and reliable service, particularly when they do most of their banking on mobile devices.

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