NY Fed Home Loans Bank spurns multi-cloud model
The cost and complexity of diversifying away from the big three providers outweighs concentration risks.
Migrating its tech stack to the cloud has helped the Federal Home Loan Bank of New York get off “the tech debt treadmill,” according to its chief information officer, but the mortgage specialist ruled out adopting a multi-cloud model, concluding that the potential gains from diversification were outweighed by the difficulties of migrating its custom setup.
“We’ve discussed the issue of multi-cloud,” said Michael Radziemski, chief information officer at the NY FHLB, speaking at WatersTechnology’s
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Citi close to launching GenAI investment tools
The new tech will be used to improve investment recommendations and increase cross-selling opportunities.
Overnight trading, a new dealer-to-client credit biz, so much AI, and more
The Waters Cooler: TP Icap acquires Neptune, Sterling launches overnight trading, and Thoma Bravo gets billions from investors in this week’s news round-up.
Tech vendors, exchanges see gains from GenAI code assistants
CME Group and others report their experiences using code assist tools to generate code, support tech migrations, and speed up testing, and support functions.
LSEG–MayStreet: When good partnerships go bad
Waters Wrap: MayStreet’s founder and former CEO is suing LSEG for fraud and breach of contract. Anthony considers what the damage control might look like.
Momentum is building for 24/5 trading. What does it mean for the future?
Stakeholders and industry bodies have progressed on some looming questions about overnight trading. Nyela examines what that and shortening settlement cycles means.
Everything’s a chatbot. Soon, your sales trader might be, too.
Morgan Stanley, Citi, and Kepler Cheuvreux are among firms considering making their internal AI assistants available to clients.
MayStreet founder sues LSEG for fraud, breach of contract
The complaint accuses the exchange group of “defrauding” MayStreet executives following the 2022 acquisition. LSEG “strongly refutes these claims.”
APIs keep their eyes on the prize
The IMD Wrap: As the API economy continues to expand, connecting an ever-increasing number of broker and data interfaces is becoming a cottage industry in itself.
