Jordan’s Security Depositary Centre (SDC), a non-profit public utility institution that oversees the registration and deposit of securities, has implemented Red Hat Enterprise Linux as the foundation to its open source strategy.
SDC is currently implementing a number of e-services applications within an open source environment, including an e-payment system and the SDC Portal, which offers a wide range of electronic services. These services include enhanced account viewing, public data, statistical data, electronic initial public offering (e-IPO), and mailbox services.
In addition to the traditional benefits of working with open source, such as access to code, cost reduction and flexibility, SDC recognised the value of Red Hat Enterprise Linux interoperability as it deployed and developed with a range of hardware, including IBM and Dell. SDC has 20 x86 servers running on Red Hat Enterprise Linux that drive a range of applications, including mail systems, its web portal and intranet.
“The main advantage to using open source and working with Red Hat is the flexibility to develop and maintain our technology assets internally,” said Samir Jaradat, chief executive officer (CEO) of SDC. “Red Hat not only saves us money, but it also provides us with a level of technology sophistication and interoperability that gives us the tools to develop solutions that directly meet the needs of our business.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.