Investment Software Development
in Birmingham

Remote work was established from necessity but is here to stay. Huge technology investments to support remote workforces, including collaboration tools and virtual desktops, mean new ways of working that will continue to evolve for at least part of the workforce. Financial organisations must weigh many factors such as recruiting and retaining employees, maintaining job satisfaction, updating technology, addressing security challenges, monitoring cost savings, changes in business travel and activities, and minimising impact on productivity and creativity.

Firms looking to extend remote working options will likely want to review their remote collaboration and security technologies, which may have been adopted under pressure and may be less than optimal.

WWT and Pure Storage have partnered to run mission-critical workloads such as core virtualization, data analytics, and AI for customers to help support remote work.

Artificial intelligence (AI) and machine learning (ML) used to be optional extras of dubious value given their difficulties in setting up and turning a profit. Fast forward to 2021, they play a central function in organisations’ day-to-day, across everything from productivity to revenue. Financial organisations are deploying AI to handle sensitive financial transactions such as investing and lending, trade decision-making, and fraud detection. In this Business Wire report, AI in fintech in 2019 was worth a global US$6.67 billion versus US$22.6 billion expected in 2025. Financial institutions that previously relied on legacy technology are catching up with digital-native competitors in the fintech and bigtech space by tapping into AI and ML.

See how WWT and Pure Storage have teamed up to simplify storage automation and implement ruthless standardisation. Ruthless standardisation brings the ability to have repeatable processes that reduce snowflake configurations or human error. This provides banks and financial organisations a through-route to design, develop, and deploy a data strategy and architecture, and promote customer satisfaction, usability, and simplicity without halting business.

Costly and embarrassing, ransomware attacks were frequently in the headlines over the last year as ransomware has become a lucrative and sophisticated industry. A recent FBI IC3 Internet Crime Report stated that cybercrime cost individuals and US businesses about $4.2 billion in losses in 2020, up 69 percent from $3.5 billion in 2019. Cybersecurity firm Cybersecurity Ventures has predicted that in 2021 businesses across the globe will experience ransomware attacks every 11 seconds in 2021. The same company estimates the cost of ransomware to top $20 billion in 2021, with global cybercrime damages likely to reach $6 trillion.

The financial industry is a large target for many different groups — from organised cyber-criminals seeking to steal money to politically motivated groups attempting to make a statement. Established players are even selling ransomware-as-a-service. Find out how you can protect your business from ransomware.

Financial services organisations are working to build and retain loyalty with modern customers who expect a highly personalised experience, omnichannel access, mobile-friendly sites, and intuitive applications as a standard. As digitization accelerates, demand growth for more and better digital experiences puts technology at the cutting edge of differentiation. To stay ahead, you have to ensure your institution is not only up-to-date but also leading the way in innovative technologies. Financial organisations need to ensure they have the infrastructure to enable the speed, security, reliability, agility, and mobility these innovations entail.

The adoption of AI, Internet of Things (IoT), and automation is now widespread and common. With the right infrastructure, you can leverage huge quantities of data to enrich AI, gather insights, fine-tune investment decisions, serve customers, enable new clients, and more. However, many financial institutions have found it challenging to store, secure, access, and analyse this data, especially when testing and deploying innovations. Technology is a challenge and technical staffing is in short supply as the competition for data science and AI expertise intensifies.

Pure Storage and WWT have aligned with other leaders in cloud-enabling technologies, working together to expand the capabilities of the private cloud while reducing complexity. Learn how we can offer your cloud your way to expand access for even more use cases resulting in further data expansion.