Dear {FIRST_NAME} {LAST_NAME}, 

This is an interactive Omni-Connect monthly newsletter brought to you by Omnitech InfoSolutions.We would welcome your inputs as comments and suggestions to make this newsletter more informative and useful for you.

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Ayan Mitra - Head of Marketing - Omnitech InfoSolutions Ltd.

REAL TIME GROSS SETTLEMENT (RTGS) IMPLEMENTATION CASE STUDY-
For a leading multi-state scheduled co-operative bank

The client is one of the oldest urban co-operative banks and leading Multistate
Scheduled Co-operative banks in the country reputed for its quality
services. The client wanted to adhere to the mandate given by Central Bank and implement the RTGS to smoothen the funds transfer in a secured way and on a real time basis.

Click here to download case study (Pdf)

STRUCTURED FINANCIAL MESSAGING SYSTEM (SFMS) INTEGRATION CASE STUDY
For a leading financial services company 

The client is a leading financial services company with interests in consumer finance, asset management and securities. The client wanted to integrate their core banking systems with one of the common interbank payment systems offered by the Reserve Bank to facilitate ‘Straight Through Processing (STP) modes.

Click here to download case study (Pdf)

 BFSI Industry Trends

Rise of Dark Liquidity Pools in Equities Markets
Source: Internet

Market fragmentation continues to increase as new Alternative Trading Systems (ATSs) enter what appears to be an already overcrowded equities market. While most of the larger venues are indeed connected, a growing segment of the execution market (i.e. dark pools) has been largely disconnected from the rest of the marketplace to date.

Read more

Technology Trends

7 Cloud Computing Myths Busted

Amazon, Google, Microsoft and others are investing aggressively in the cloud, even as critics point to security, reliability, and compatibility issues. We cut through the fog.   Source: Channel World 

What is it about "the cloud" that has people, well, getting their heads up in the clouds over it? Almost no other IT innovation in recent memory has engendered this much enthusiasm -- and furor, and confusion, and outright misunderstanding.

The cloud isn't exclusively a cure-all or a calamity in progress; neither is it a savior or sinner. It's a new tool for solving emergent problems, and like every new hammer in someone's hands it can make everything look like a nail.

In this piece we'll examine many of the current myths -- good, bad, and bogus -- about cloud computing. Many are borne by simple ignorance or inexperience. Others are legitimate criticisms in the guise of gripes. And some are entirely too on target, and need to be nipped in the bud by prospective cloud-creators before they get bitten by them.

Myths Unfolded

Myth 1: Cloud computing is too proprietary.

At present, no two clouds are alike -- both in nature and in IT.And yet "proprietary" has not proved to mean "useless" -- not by a long shot.

Myth 2: Cloud computing is the end of privacy as we know it.

Privacy fears over cloud computing can be seen as an outgrowth of privacy concerns in general, with cloud computing just being the bogeyman / whipping boy of the moment. That said, there's solid reasons to be skeptical -- or, if you're a creator of cloud-based services, to be cautious.  

Myth 3: Cloud computing is not reliable.

File this one under "guilty until proven innocent." The cloud's been acquiring a leaden lining as of late -- a bad reputation for being questionably reliable.  

Myth 4: Cloud computing is a one-way street.

Sadly, there's more than a grain of truth to the complaint that once you get things into the cloud, it's a chore and a half to get them out again.

Myth 5: Cloud computing is just virtual computing by another name. It's nothing we don't already have.

This objection seems more out of simple ignorance of what clouds are meant to do. Clouds aren't just fancy virtual computing environments -- they make use of virtual computing along with many other technologies to accomplish things that aren't possible with individual pieces of iron.

Myth 6: Cloud computing is too hidebound by network or storage constraints to be useful.

Well, yes and no. This depends entirely on the scale and scope of what you have in the cloud, how I/O bound it is, how scalable the processes involved are, and your chosen implementation for all of it.

Myth 7: It's too difficult to make use of the cloud's scalability.

This is a common complaint from the programmer's side: Cloud computing is hard to program for effectively. Sure, it's easy enough to get something up and running, but getting it to scale -- that's another story entirely. Ask the folks at Twitter, who started off their service as a Ruby on Rails application and are now incrementally rewriting the service.

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