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MWC 2024 Replay: Huawei unlocks resilient, ‘non-stop’ banking with four-pronged solutions strategy

CIO Business Intelligence

With the goal to enhance intelligence in the digital banking arena, Huawei has unveiled a new framework to bolster infrastructure resilience. In 2023, the number of cyber attacks on global banks increased by 520%, and the average service recovery time of financial institutions after ransomware attacks was 16.3

Banking 59
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CIOs Help Banks Prepare For The End Of The World

The Accidental Successful CIO

CIOs at banks have a great deal to worry about. As though this wasn’t bad enough, every bank is connected to every other bank. What this means is that if something bad happened to a connected bank, then your bank could also suffer. Preparing For The End Of The World In Banking.

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European CIOs Come Under Fire When Their Systems Fail

The Accidental Successful CIO

When a stock trading system goes down, CIOs get involved Image Credit: Stock Catalog. However, if the IT systems that they use to make this happen have a fault or an outage, then all of a sudden something that is normally always there can vanish instantly. The one thing that stock traders want to be able to do is to trade their stocks.

System 147
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Wells Fargo’s CIO Drops The Ball

The Accidental Successful CIO

If you were the CIO of a major bank responsible for the importance of information technology, what do you think that your #1 job responsibility would be? If you are guessing “keep the bank’s systems secure” then good news, you’d be close, but you’d still be missing the point. Not a good scenario.

Banking 100
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Re-Tooling Your Way to a More Efficient Enterprise

CIO Business Intelligence

To create a more efficient and streamlined enterprise, businesses often find themselves tempted to bring in brand new systems that promise major improvements over the status quo. In other words, your current systems may not deliver the best possible experience for your users, but you can change that. But it comes at a cost.

Tools 110
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The DR essential IT leaders can’t overlook

CIO Business Intelligence

There were regional electrical outages and communications disruptions, and systems failed. We went into disaster recovery failover mode, with everyone in IT focused on getting systems back up and running. Of course, customers were still concerned about systems being unavailable and wanted to know that their money was safe.

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How CIOs reinterpret their role through AI

CIO Business Intelligence

These aren’t just the basic backup and disaster recovery protocols that already exist, but tools that measure every process and service on business-critical systems to verify they’re performing as expected. IT was divided into three parts: core banking, IT infrastructure, and data management, analytics, and AI.

Banking 91