“Cloud is really the new normal,” says Scott Mullins, Head of Worldwide Financial Services Business Development at AWS. “If you look across enterprise companies and financial services today, the vast majority are considering cloud as a major part of their IT strategy going forward.”
The co-founder of crypto security firm BlaKFX says that Bitcoin was a great proof of concept and will be around for a long time, but it’s more of a collectible. “You need to have common liquidity pools,” says Kara Coppa, BlaKFX co-founder, and COO.
Lance Armstrong says that he was one of the original Uber investors staking them $100,000 at a valuation of just $3.7 million. There are reports that Uber’s projected IPO will value the company at $120 billion. Armstrong wouldn’t say what percent of Uber he still owns but it is conceivable that his stake could be worth $1 billion or more today.
The pace of technological change is possibly the biggest challenge that financial institutions are facing says Cisco FinTech Lead Al Slamecka. He says that the large financial organizations are zeroing in on automating the network management functions and the operations side of their businesses, which they call Intent-Based Networking.
AWS CEO Andy Jassy announced Amazon Textract at the AWS re:Invent 2018 conference. Textract allows AWS customers to automatically extract formatted data from documents without losing the structure of the data. Best of all, there are no machine learning skills required to use Textract.
The digital transformation which has been powering the growth of many technology companies in the US is now starting to drive growth globally according to Box CEO Aaron Levie. He says that Box has a global opportunity where multi-national enterprises want to drive the same digital transformation that has been happening in the US.
Salesforce is booming and the reason is that virtually every company in the world is going through a huge digital transformation, according to Salesforce co-CEO Marc Benioff. “The reason why is every company that we’re dealing with is going through a huge digital transformation and every digital transformation begins and ends with the customer,” says Benioff.
The CEO of LendingClub, Scott Sanborn, says that they are really looking to make membership in the club mean something and are working to take Lending Club and turn it into a “financial health club” that will help people successfully manage expenses.
We all should realize that everything we do is recorded into huge data sets in order for advertisers to target us better, for online stores to sell us stuff more effectively and for government agencies to know what we are up to.