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The Trading Mesh

Stef Weegels's Blog

Accelerating Deep Learning Through Cost-Effective Infrastructure

October 12, 2017 Comments (0)           

Exploiting deep learning opportunities in finance could turn out to be very costly, but firms could get better results by tapping specialist data centers.
Sound and effective training lies at the heart of any successful business venture. To be sustainable and cost-efficient in the long run, companies need the right systems and processes in place to recruit the best staff and train them up so that they meet their objectives and remain motivated.
The successful evolution of deep learning in the...

Iceland’s globally unique green credentials

September 13, 2017 Comments (0)           

In the final blog of my series on Iceland’s status as a hosting location of choice, I look at Iceland’s unrivalled 100% green energy profile, the regulatory demand for greater corporate social responsibility and how even environmental factors can help reduce costs for firms.When evaluating a location’s key benefits as a strategic data center, its green profile may not seem to be the most obvious point of consideration. However, not only is an ability to demonstrate corporate...

Safe, Secure and Certain: Why Iceland’s Regulatory Regime Excels

August 24, 2017 Comments (0)           

Written by Stef Weegels - Verne Global's Director of Sales and heads up the company's work within Financial Services and Capital Markets.
In the fifth part of my series on the benefits of Iceland as a strategic data center hub, I examine Iceland’s regulatory status, the strength of its data protection laws and why Brexit uncertainty is further boosting the country’s status as an alternative to London.For modern financial services firms today, being fully compliant with global rules...

How are you responding to today’s data management challenges?

August 23, 2017 Comments (0)           

By Stef Weegels, Verne Global
Regulatory change is driving a fundamental shift in how banks and brokers organise their data management processes and supporting infrastructures. The writing has been on the wall for pure-play, in-house approaches for some time, but now the demands of the post-crisis regulatory framework make the evidence in favour of hybrid strategies impossible to ignore.
In the aftermath of a new risk reporting and aggregation framework under BCBS 239, stress tests set by...

Iceland’s Unrivalled Low Risk Profile

August 16, 2017 Comments (0)           

In my fourth blogs on Iceland’s suitability as a strategic data center location, I look at some of the perceptions and myths about the country’s risk profile and identify how and why Iceland, in fact, tops the World Risk Index, with the lowest risk profile.
When deciding on data center location, firms need to consider a range of criteria. Obvious ones include initial and on-going costs, connectivity, space and availability of managed service. Equally important are factors such as...

Iceland offers excellent connectivity to major financial hubs

August 7, 2017 Comments (0)           

In part three of my series on Iceland’s suitability as a strategic data center location, I look at the country’s excellent cable connectivity to Europe and North America and review some of the use cases for financial services firms.
The ability to securely and efficiently deliver data is an essential requirement of any international data center, and Iceland is outstanding in this regard. Strategically located in the North Atlantic, with a submarine cable network built on the latest...

When it comes to TCO, Iceland offers the best value as a data center location

July 28, 2017 Comments (0)           

In part two of my series on Iceland’s suitability as a strategic data center location, I look at the various costs to financial services firms compared with other locations, and why Iceland represents the best value.
In Citihub Consulting’s recent report on Iceland as a strategic data center location, the total cost of ownership of hosting in Iceland was compared with hosting in other major financial hubs in Europe and North America, based on the following...

Iceland is establishing itself as a major financial services hosting centre

June 13, 2017 Comments (0)           

This is the first in a series of blog posts where I discuss how Iceland meets many of the key evaluation criteria for financial services firms exploring potential strategic data center locations.
 
A recent report published by Citihub Consulting suggests that Iceland is ideally positioned to establish itself as a major hosting centre for US and European financial services firms.
 
While banks have considered Iceland as a data center location in the past, its appeal has increased...

Taking the risk out of risk infrastructure

May 9, 2017 Comments (0)           

Over the last couple of weeks I’ve had many discussions with my colleagues in the banking sector and it’s clear that regulations are continuously driving the need for firms to perform more compressive risk controls.
Bank stress testing has become more onerous since the US Federal Reserve introduced the Comprehensive Capital Analysis and Review (CCAR). In Europe, MiFID II and MiFIR will increase the number of risk controls that firms across the industry will need to run. And in...

Post Event Report - Building the Future of Finance with AI and Machine Learning

April 6, 2017 Comments (0)           

Post event report by Stef Weegels on the Verne Global and Realization Group “Building the Future of Finance” roundtable, held at the SAS Innovation Lab, London 16 March 2017
 
Artificial intelligence is still in its infancy and depends on effective data and computing power, but the case for harnessing the technology in financial services is growing rapidly, according to speakers at a Verne Global roundtable.
 
What is the precise difference between artificial...