Innovation is key to any organization’s future success, but it’s especially true for financial services organizations. So why isn’t innovation happening faster? Is your firm at risk of being left behind?

In the mid-2000s, I sat at a lunch-and-learn with an executive from a major social platform, who was asked about an up-and-coming competitor. The response was, in my opinion, short-sighted; it went something like this: “We aren’t concerned about them; it’s for college kids and people have profiles, photos, and big networks of friends on our site. They won’t want to start over somewhere else.”

The executive was wrong about this – very, very wrong. The financial services industry is at a similar tipping point and technology-based innovation will lead the way.

What advice would you give to business leaders in working with their technical leaders?
What can you do about it? Ask yourself: Are your business leaders and technical leaders slowing you down? Is collaboration too hard? Is alignment out of sync? We often hear frustrations from Red Hat clients about just getting things done and hear statements such as “Why can’t IT just get me what I need?” or “The business team doesn’t listen.”

We asked former financial services IT pros who now work for Red Hat for tips on how business leaders in financial services can work better with IT leaders – and get their needs met more quickly.

I'm a believer in the basics, and as a former technical instructor, I have a soft spot for folks who are new to Linux (and other platforms). I've written articles on the fundamentals, and I thought it was time to cover some basic file-manipulation commands.

This article looks at day-to-day tasks such as copying, moving, renaming, creating, and deleting files and directories. Here are eight commands to make managing files easier.

Life moves fast. Innovation moves faster. We’re all in a rush to keep up. Every now and then, it’s important to hit the pause button and reflect on achievements. Reflection isn’t just good for the soul. The accomplishments of others can be the gateway to our own progress. By taking inspiration and learnings from others, we can overcome organizational groupthink, draw on a more diverse pool of ideas and experiences, and shortcut our way to solutions and success.

This is the thinking behind the Red Hat EMEA Digital Leaders Awards—a new program in association with Intel and IDC celebrating the best open source projects using Red Hat technology and services

We received so many strong stories, from so many different countries and industries. When businesses apply open source solutions and working principles to their transformation projects, every KPI—profitability, cost savings, customer satisfaction, employee productivity and market share—is improved.

It has been inspiring, and humbling, to see how Red Hat is helping to build better businesses, and a better world.

The financial industry is increasingly embracing International Organization for Standardization (ISO) 20022-based standards (MX messaging) to exchange messages for both payments and securities. Key benefits of MX messaging include its ability to capture richer data, flexibility, and machine-readable format. However, the older SWIFT MT message set is still deeply entrenched in the core systems and processes of the financial sector. This situation has created a growing demand for MT-MX conversion.

In this article, I will show you one way to achieve MT to MX mapping on Red Hat OpenShift using the message transformation platform from Trace Financial, a Red Hat Independent Software Vendor (ISV), and Red Hat Fuse.

I had heard Outreachy internship from one of my seniors who was sharing her experience in my college when I was in my second year. I decided to give it a shot with utmost dedication and learning after understanding how Outreachy can be a great learning experience – needed to excel in the IT industry. Outreachy helps people from under-represented groups and is a life-changing experience for a contributor. I feel happy now that I am working with amazing mentors who guide and motivate me at every step. This opportunity wouldn’t be possible without the support of my parents, friends, and mentors.
I always have shared my knowledge and experience with beginners, and this is a chance for me to prove myself capable and then help other people contribute to Open Source. I am excited for the next 3 months of knowing community members and helping with the project.

I am currently in week 5 of my Outreachy Internship and I must say it’s going great. Every day is a new learning experience for me with lots of new implementations, goals, and tasks. This keeps me motivated and afresh with the project.