Fintech
News and insights for IT executives about the evolving financial world driven by fintech that increasingly includes digital payment technology, financial inclusivity, cryptocurrency, online banking, and more. Examines innovations that can emerge from startups yet may signal changes to incumbent financial institutions. This can include adoption of digital currencies, decentralized finance systems that can eliminate intermediaries, and the introduction of new regulatory policies in response.
Earlier this week, IBM reported declines in many parts of its hardware business. But in spite of the broad hardware downturn, CFO Mark Loughridge said IBM convinced 62 CIOs to rip and replace Unix systems in the quarter, and that Linux MIPS were up more than 50%.