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Author: DEROBS

  • Plum receives FCA approval to provide Targeted Support

    Plum receives FCA approval to provide Targeted Support

    The UK-based money management application Plum has announced that it has secured formal authorization from the Financial Conduct Authority (FCA) to deliver ‘Targeted Support’.

    This regulatory approval will be exercised through Saveable Limited, the investment entity operated by the company. The authorization allows Plum to provide specific guidance and support to its users, marking a step forward in the company’s ability to assist customers with their financial decisions within the framework established by the FCA.

    Source: Finextra
    Original article: https://www.finextra.com/pressarticle/111428/plum-secures-fca-approval-to-deliver-targeted-support?utm_medium=rssfinextra&utm_source=finextrafeed

  • NTT GDC outlines strategy for sustainable AI-era data center infrastructure

    NTT GDC outlines strategy for sustainable AI-era data center infrastructure

    NTT Global Data Centers (GDC) has announced a focus on aligning the rapid growth of artificial intelligence with environmental sustainability goals. The company is emphasizing a strategy centered on three key pillars: data-driven decarbonization, operational innovation, and the development of net-zero infrastructure.

    As AI workloads continue to drive higher energy density requirements within modern facilities, the sector faces increased pressure to manage resource consumption effectively. NTT GDC’s approach suggests a prioritization of monitoring and analytics to track carbon outputs, alongside technological advancements aimed at improving the efficiency of data center operations to support sustainable growth in the AI era.

    While specific technical roadmaps were not detailed in the initial announcement, the company’s stated commitment highlights the industry’s broader transition toward aligning large-scale computing infrastructure with global climate targets.

    Source: Data Center Dynamics
    Original article: https://www.datacenterdynamics.com/en/whitepapers/shaping-a-sustainable-future/

  • Krolmap announces 225MW off-grid data center project in Zaragoza, Spain

    Krolmap announces 225MW off-grid data center project in Zaragoza, Spain

    Krolmap has announced plans for the development of a 225MW off-grid data center located in Zaragoza, Spain. The project is designed to provide a specialized alternative to the conventional model of connecting high-capacity digital infrastructure directly to the public electricity grid.

    By utilizing an off-grid architecture, the facility aims to address the challenges associated with powering large-scale digital loads, offering a potential model for future data center deployments that require significant power capacity without relying on traditional grid infrastructure.

    Source: Data Center Dynamics
    Original article: https://www.datacenterdynamics.com/en/news/krolmap-plans-a-225mw-off-grid-data-center-in-zaragoza-spain/

  • Swiss government initiates $8.5 billion tender for cloud services

    Swiss government initiates $8.5 billion tender for cloud services

    The Swiss federal government has officially issued a tender valued at approximately $8.5 billion for cloud services. This procurement initiative is primarily driven by the government’s strategic focus on enhancing Switzerland’s digital sovereignty.

    By investing in its own cloud infrastructure, the Swiss government aims to maintain greater control over sensitive data and digital assets, reducing dependency on external service providers. The move reflects a broader emphasis on national security and data protection within the public sector’s digital transformation strategy.

    Source: Data Center Dynamics
    Original article: https://www.datacenterdynamics.com/en/news/swiss-federal-govt-publishes-85bn-tender-for-cloud-services/

  • Cyber insurance providers shift focus from risk transfer to active security engagement

    Cyber insurance providers shift focus from risk transfer to active security engagement

    The landscape of cyber insurance is undergoing a significant transition as providers move beyond simple risk transfer. In response to the evolving threat environment, carriers are increasingly integrating themselves into the cybersecurity operations of their policyholders.

    This shift is driven by the growing prevalence of sophisticated threats, including risks associated with artificial intelligence, social engineering, and cloud infrastructure. Because these vulnerabilities present complex challenges that traditional underwriting practices may not fully capture, insurance companies are adopting more direct approaches to digital resilience.

    By engaging more deeply with the security frameworks of the organizations they insure, carriers aim to mitigate potential losses before they occur, rather than focusing solely on the financial transfer of risk after an incident. This evolution reflects the broader pressures businesses face in securing their digital estates against an expanding surface of modern cyber threats.

    Source: Dark Reading
    Original article: https://www.darkreading.com/cyber-risk/cyber-insurances-underwriting-isnt-enough

  • Reliance Global Group to acquire GPU cloud provider and rebrand as GPU Exchange

    Reliance Global Group to acquire GPU cloud provider and rebrand as GPU Exchange

    InsurTech company Reliance Global Group has announced plans to undergo a significant strategic pivot. The organization intends to acquire a GPU cloud computing company as part of a broader shift in its business operations.

    As part of this transition, the company is set to rebrand its corporate identity to ‘GPU Exchange.’ The development signals a move by the firm away from its traditional InsurTech focus toward the growing digital infrastructure and specialized cloud computing market.

    Source: Data Center Dynamics
    Original article: https://www.datacenterdynamics.com/en/news/insurtech-company-reliance-global-group-to-acquire-gpu-cloud-company-and-pivot-strategy/

  • Telefónica and IQM partner to install Madrid’s first quantum computer

    Telefónica and IQM partner to install Madrid’s first quantum computer

    Telefónica and IQM have announced plans to install the first quantum computer in Madrid. This initiative marks a significant expansion of the existing partnership between the two organizations.

    The collaboration builds on prior joint efforts in the field of advanced computing. Telefónica and IQM have previously worked together to supply two quantum computing units to the Galicia Supercomputing Center (CESGA), establishing a precedent for their continued cooperation in developing regional quantum infrastructure.

    Source: Data Center Dynamics
    Original article: https://www.datacenterdynamics.com/en/news/telefonica-and-iqm-to-install-madrids-first-quantum-computer/

  • Data center outage disrupts Portugal’s national health services

    Data center outage disrupts Portugal’s national health services

    A data center outage has resulted in a widespread disruption of digital services for Portugal’s National Health Service (SNS). The failure has limited the ability of medical professionals and healthcare facilities to access key digital infrastructure.

    According to reports, the impacted systems include the National User Registry and the Electronic Medical Prescription (PEM) platform. Additionally, the outage has disrupted access to patient Electronic Health Records, presenting challenges for clinical operations and the fulfillment of prescriptions across the national health network.

    The incident highlights the reliance of public health systems on centralized digital infrastructure and the impact that outages at data center facilities can have on essential societal services. Further details regarding the specific cause of the technical failure or the timeline for a full restoration of services have not been disclosed.

    Source: Data Center Dynamics
    Original article: https://www.datacenterdynamics.com/en/news/a-data-center-outage-leaves-portugals-sns-without-prescriptions/

  • Thailand and Malaysia join Singapore’s BLOOM digital money initiative

    Thailand and Malaysia join Singapore’s BLOOM digital money initiative

    The central banks of Thailand and Malaysia have formally joined a public-private sector initiative led by the Monetary Authority of Singapore (MAS). Known as BLOOM, the project focuses on advancing the frameworks and infrastructure required for efficient cross-border settlement using digital money.

    By participating in the initiative, the participating central banks aim to foster regional collaboration to streamline financial transactions between their respective jurisdictions. The project emphasizes a dual-track approach, leveraging both public sector oversight and private sector innovation to address the complexities inherent in multi-jurisdictional digital asset settlements.

    As the initiative progresses, stakeholders are expected to explore technical and regulatory mechanisms to enhance the interoperability of digital payment systems across borders. This partnership marks a significant development in regional efforts to modernize financial infrastructure within Southeast Asia.

    Source: Finextra
    Original article: https://www.finextra.com/newsarticle/48641/thailand-and-malaysia-back-singapores-bloom-cross-border-digital-money-initiative?utm_medium=rssfinextra&utm_source=finextrafeed

  • Caribbean digital landscape faces challenges as cyber threats outpace security assurance

    Caribbean digital landscape faces challenges as cyber threats outpace security assurance

    Recent insights from Dark Reading highlight a growing concern in the digital threat landscape, noting that the Caribbean region is experiencing a disparity between the speed of evolving cyber exploits and the capacity of existing security assurance measures.

    As digital connectivity continues to expand, this acceleration of threats poses broader implications. The current situation suggests that when exploit development outpaces the implementation of robust security frameworks, the potential for these threats to cascade into wider global cyber-risks increases.

    The findings emphasize the critical need for balanced growth between digital transformation initiatives and the corresponding defensive infrastructure required to maintain security across interconnected networks.

    Source: Dark Reading
    Original article: https://www.darkreading.com/cyber-risk/why-caribbean-threats-cascade-global-cyber-risk