Cisco Blogs


Cisco Blog > Financial Services

Don’t Miss our Financial Services Sessions at Cisco Live Milan

Now more than ever financial services companies are wrestling with reducing costs, increasing revenue, and mitigating risk. Cisco Live Milan is a chance for Cisco customers and partners to learn more about innovations that can help address these challenges while meeting business goals.

This year at Cisco Live Milan, we have the following financial services industry sessions:

BRKIND-2111: Enabling Omnichannel Interaction to Capture Greater Wallet-Share in the Retail Banking and Retail Industries

Wednesday, January 29 at 11:30 a.m.

Today’s evolving financial consumer wants tedious transactions automated while valuing interactions that enhance their financial situation. Did you know 2/3 of banking customer segments want anytime-anywhere full-service banking … and will not do business without it? Learn how Cisco can make you a hero at your bank … by enabling omnichannel banking to increase your wallet-share!

BRKIND-2333: Capturing Trading Alpha with Performance and Intelligence in Financial Markets

Wednesday, January 29 at 4:30 p.m.

As ultra-low latency architectures become the foundation of trading fabrics, embedded analytics and instrumentation capabilities are critical to capturing key opportunities in a fast-paced market. Due to these growing data analytic requirements within the architecture, scalable fabrics—without compromised latency—are becoming more important. Learn how Cisco’s High-Performance Trading Fabric is unique in the marketplace in its ability to enable competitive advantage in the form of capturing sustained trading Alpha.

If you are attending Cisco Live Milan, we invite you to visit us in the Cisco Collaboration exhibit area in the World of Solutions where we will show you how you can transform your customer interaction business model to:

    • Improve sales, cross-sales, and upselling
    • Acquire customers faster
    • Increase customer satisfaction and loyalty
    • Control costs and boost efficiency
    • Enhance regulatory compliance

We will be demonstrating the newest release of Remote Expert, a solution that is gaining adoption around the globe. Why? Here is what one financial institution is saying:

“The Cisco solution has helped us improve customer satisfaction and staff efficiency while at the same time increasing mortgage sales. The business case in favor of the Cisco solution stacked up quickly.”

Andrew Nation, Senior Manager,
Future Customer Outcomes at Nationwide Building Society

If you are already registered to attend Cisco Live Milan, you can register to attend these sessions on your Cisco Live Schedule Builder today. For more general information on Cisco Live, please visit the main event website here.

See you in Milan!

Tags: , , , , , ,

Wall Street and Data Analytics, They Are Only As Good As The Network That Connects Them

HPC on Wall StreetAt this years’ 2013 High Performance Computing on Wall Street once again the greatest minds from the financial services industry gathered to discuss the latest technology trends that give financial firms a technology edge in accessing information in real-time to better predict where markets are going and the best areas to invest.

Many vendors delivered their latest innovation data analytics software that can analyze market data in real-time, but without the right infrastructure, traders can be delayed in executing on that information. Trading smarter is the key underlying theme by which the fabric can provide greater transparency and enhance application delivery that impacts the business. Read More »

Tags: , , , , , ,

Post-WEBINAR: Enabling High-Performance Trading Alpha: Beyond Low-Latency to Sustained Performance

Financial markets today have become so dependent on well-designed technology architecture in support of growing automated trading business. I was recently part of a webinar centered on discovering how optimized latency performance, mitigation of microbursts, traffic filtering and analysis, and precise timing and synchronization are beneficial to all participants in the trading value chain.

The webinar was hosted by Wall Street & Technology, entitled, “Enabling High-Performance Trading Alpha: Beyond Low-Latency to Sustained Performance.” If you weren’t able to make it, register here to view a recording.

During the discussion, I was joined by some great minds in the financial services sector including Alex Tabb, Partner, TABB Group and Paul Jameson, Senior Director, Financial Services, Cisco. We discussed how high-performance trading fabric architecture and innovations like Cisco Algo Boost and the Cisco Nexus 3548 can help financial firms address challenges and capture opportunities in today’s financial markets. Here are a few key take-aways from the webinar I would like to highlight. Read More »

Tags: , , , , , , , ,

WEBINAR: Enabling High-Performance Trading Alpha: Beyond Low Latency to Sustained Performance

As global financial markets become more interconnected and diverse, trading environments have become increasingly dynamic and responsive to real-time conditions. It is important for participants across the trading value chain to capture new business opportunities while reducing risks associated with today’s financial markets.

Register today for our complimentary 60-minute Webinar on, Jan. 22 at 11:30 a.m. ET, hosted by Wall Street & Technology, to discover how a High-Performance Trading Fabric architecture and new innovations like Cisco Algo-Boost and the Cisco Nexus 3548 can help financial firms address challenges and capture opportunities in today’s financial markets.

Join our roundtable executives: Alex Tabb, Partner, TABB Group; Paul Jameson, Senior Director, Financial Services, Cisco; and Dave Malik, Senior Director, Solutions Architecture, Cisco Advanced Services.

The roundtable will discuss: Read More »

Tags: , , , , ,

Algo Boost Series: Part 3 Commitment to Innovation with Nexus 3548

On November 5th I posted part 2 of the Algo Boost series with a fantastic discussion around Customer proof points on the Nexus 3548.  In our third and final segment in the series I interviewed Chih-Tsung Huang, Director of Engineering in the Server, Switching, & Virtualization Product Group to shed some light on Cisco’s continued commitment to innovate with Algo Boost technology.

GD: What is the primary difference between existing Nexus 3000 switches and the new Nexus 3548?  And how do we differentiate from the competition?

CH: As we all know, the current generation Nexus 3000 uses merchant silicon while the new Nexus 3548 uses a full layer 2 bridging and layer 3 routing Cisco ASIC – designed and built from ground up to optimize switch latency. Prior to the Nexus 3548 announcement, industry best was greater than 500 nanoseconds.

One of the stated elements of our corporate culture is “No Technology Religion”.  The underlying concept is that we have the freedom to choose the solution that allows us to best meet our customer’s needs and not get locked into ideological silos.

Cisco continues to invest and drive innovations and standardization efforts with the development of our own ASICs because this allows us to deliver a complete value add solution to our customers.  However, we do take advantage of merchant silicon in specific use cases where features and innovation are not needed.

GD: Does the introduction of Algo Boost indicate a complete shift away from merchant silicon?

CH: Absolutely not.  Cisco has and will continue to adopt a flexible silicon strategy, meaning we will buy off-the-shelf ASICs when they can immediately fill a market need, and we continue to add value through silicon innovation by designing our own ASICs. The Nexus 3548 is an example of a highly integrated Software, Hardware and ASIC solution that cannot be achieved with off the shelf components.

GD: It sounds like we are very much committed to developing our own ASICs. How many ASICS are used in Cisco Solutions today, and how much do we invest in R&D?

CH: Cisco has developed hundreds of ASICs to perform various forwarding functions in switches and routers.  Cisco has developed over 20 ASICs to power the Nexus portfolio alone. We have an annual R&D budget of $5.8 billion which is greater than Juniper’s entire revenues and roughly equal to the R&D budgets of HP and Huawei combined.

GD: Algo Boost clearly addresses needs in the financial sector. Are there any other segments that will benefit from these groundbreaking features?

CH: Since mid-2011, the Nexus 3000 family has had a significant presence in massively scalable data centers.  We believe these environments will see further benefits with the performance visibility tools we’re building into our portfolio, as well as the programmability and automation features in the Cisco ONE offering.

We also believe that there is an important role for custom silicon in the software-defined networking world. We feel that customers will continue to be willing to pay for advanced hardware innovation because of the value they derive from tightly integrating advanced software and hardware engineering.  Customers derive the greatest value from emerging software approaches, such as SDN, when they effectively leverage the underlying infrastructure which Cisco silicon innovation enables them to do.

Additionally, the 190 nanosecond ultra low latency of the Nexus 3548 switch enables applications to innovate not only to High Performance Trading Fabrics but also into Massively Scalable Data Center,   Software Defined Network, and beyond.

 

I’d like to thank Chih-Tsung for this valuable information. To see an actual Algo Boost powered ASIC, view the TechWiseTV segment below..

 

Tags: , , , , , , , , , , , , , , ,