Bloomberg Acquires RegTek.Solutions, A Risk Focus Spin-Off

Bloomberg Acquires RegTek.Solutions, A Risk Focus Spin-Off

For Immediate Release
Tara Ronel
August 14, 2019
tara.ronel@riskfocus.com

[New York, NY, August 14, 2019] – Risk Focus, a leading financial technology consultancy, is proud to announce that Bloomberg has acquired RegTek.Solutions, a disruptive provider of global regulatory reporting software solutions that was spun out of Risk Focus in 2017.

“Risk Focus is proud to have helped RegTek.Solutions from its inception through its acquisition to join forces with one of the most respected companies in the FinTech and RegTech space. Bloomberg will be able to provide the acceleration that RegTek needs to achieve a dominant share in the regulatory space. We look forward to continuing our relationship with RegTek and Bloomberg post-acquisition to help our clients address their Regulatory Reporting requirements.”

Vassil Avramov

Founder and CEO, Risk Focus

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About Risk Focus

Risk Focus is a leading financial technology consulting firm with offices in New York, Pittsburgh, Toronto, London, Riga, and Frankfurt. We combine business domain knowledge, technology expertise, and process to ensure the success of the hardest projects in the industry. Our clients include the majority of the top-tier investment banks along with a wide range of buy-side institutions, hedge funds, execution venues and industry utilities.To learn more about Risk Focus, please visit www.riskfocus.com.

Confluent Recognizes Risk Focus as a Preferred Professional Services Partner

Confluent Recognizes Risk Focus as a Preferred Professional Services Partner

For Immediate Release
Tara Ronel
June 7, 2019
tara.ronel@riskfocus.com

[New York, NY, June 7, 2019] – Risk Focus, a leading consultancy for highly-regulated industries, is proud to announce that it has earned Preferred status in the Confluent Partner Network Program, the enterprise event streaming platform pioneer.

VAssil

As a Confluent Preferred Partner, Risk Focus has met all the stringent business and technical program requirements, including significant customer development, training and certification of their staff. They have also demonstrated the required skill sets to help its financial services customers implement Apache™ Kafka™ and the Confluent platform in order to harness its flexible event streaming power in new or existing applications.

“We have invested heavily to develop our team through hands-on enterprise project experience, process implementation, Kafka courses and Confluent certifications,” shares Vassil Avramov, Founder and CEO of Risk Focus. “Confluent is, by far, the leader in the event streaming space, and we are thrilled to be nominated to a very small group of Confluent Preferred organizations. We recognize that this is only the beginning, and are committed to jointly helping our customers unlock the power of their data for years to come.”

“Financial services organizations are among the most impacted by the the effects of the digital revolution where technology and data are becoming key for remaining relevant to customers.  That is why so many are turning to event streaming platforms to power their applications to deliver the modern banking experiences customers expect. As the demand from this sector grows, it is important to have fully-trained and experienced Preferred Partners like Risk Focus assisting financial services organizations deploy solutions based on Confluent Platform to deliver contextual event driven applications.”“We have invested heavily to develop our team through hands-on enterprise project experience, process implementation, Kafka courses and Confluent certifications,” shares Vassil Avramov, Founder and CEO of Risk Focus. “Confluent is, by far, the leader in the event streaming space, and we are thrilled to be nominated to a very small group of Confluent Preferred organizations. We recognize that this is only the beginning, and are committed to jointly helping our customers unlock the power of their data for years to come.”

Vassil Avramov

Founder and CEO, Risk Focus

Confluent provides a complete event streaming platform based on Apache Kafka and extends Kafka’s capabilities with development, connectivity and stream processing capabilities as well as management and operations. The Confluent Partner ecosystem is an important element to drive success with customers to assist customers in developing robust data connectivity, building stream processing applications and ensuring the ongoing success of our joint customer’s strategic initiatives.

“Financial services organizations are among the most impacted by the the effects of the digital revolution where technology and data are becoming key for remaining relevant to customers” said Simon Hayes, vice president of corporate and business development, Confluent. “That is why so many are turning to event streaming platforms to power their applications to deliver the modern banking experiences customers expect. As the demand from this sector grows, it is important to have fully-trained and experienced Preferred Partners like Risk Focus assisting financial services organizations deploy solutions based on Confluent Platform to deliver contextual event driven applications.”

“Financial services organizations are among the most impacted by the the effects of the digital revolution where technology and data are becoming key for remaining relevant to customers.  That is why so many are turning to event streaming platforms to power their applications to deliver the modern banking experiences customers expect. As the demand from this sector grows, it is important to have fully-trained and experienced Preferred Partners like Risk Focus assisting financial services organizations deploy solutions based on Confluent Platform to deliver contextual event driven applications.”

Simon Hayes

Vice President, Corporate and Business Development, Confluent

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About Risk Focus

Risk Focus is a NYC-based company that provides strategic IT consulting to global enterprises. The company’s Infrastructure practice provides solutions, methodologies, and strategic guidance for digital transformation, containerization, and automation. Its Financial Services team offers strong domain expertise and technology acumen to deliver feature-focused solutions in Capital Markets. To learn more about Risk Focus, please visit www.riskfocus.com.

Taking a Bite out of Apple – IT Projections for 2019

Taking a Bite out of Apple – IT Projections for 2019

Written by: Cary Dym

2019 is off to a rotten start for Apple.  On January 4th, Apple hit a 52-week low of $142, 39% off of its all-time high hit in October 2018.   (By some estimates, Warren Buffet has suffered a $4B paper-loss on his Apple stock).  While most of the attention to the fall of Apple has been focused on weak demand from China, another less-discussed factor is that people are keeping their phones longer.   The average hold time for iPhones has increased from 24 months to 36 months driven by higher non-subsidized costs of new phones and very few “must have” features.

So, is this recent change in consumer purchasing behavior also representative of a broader trend in corporate IT spend?   According to a recent report from Computer Economics entitled “IT Spending and Staffing Benchmarks 2018/2019”, while overall IT Budget spend in 2018 increased slightly as a percentage of revenue, capital spending as percentage of IT spending remained flat at a five-year low of 18%, off of a high of 23% in 2014.   Not surprisingly, security/privacy continues to be the major spending priority.  Interestingly, security is tied with another priority—cloud applications – and cloud infrastructure spend is a close third.   Despite the focus—and spend—on  cloud applications and infrastructure, the report goes on to state that “only 20% of companies have converted at least half of their business applications to the cloud”.   This leaves a huge growth opportunity in the Cloud. 

We saw a decrease in overall IT CapEx in 2018 offset by an increase in OpEx, primarily driven by Cloud consumption, but what about the third leg of the IT spending stool – staffing?  On average, IT staffing budgets for most organizations stayed flat in 2018.   While hiring is slowing for lower-level skills such as computer operations, scheduling, and lower-level tech support positions; higher-level skills show increasing demand.   Lower-level skills are being replaced by automation, driving increased IT organizational efficiency.   Meanwhile, demand for higher-skilled resources continues to outpace supply, driving up salaries and/or forcing IT organizations to look to outside organizations for skilled resources. Upskilling resources coupled with automation is a top priority. 

For 2019, Gartner predicts that spending on commodity items, such as communications and data center technologies like servers, is expected to be either flat or down, while spending on IT services and software is expected to go up.   They forecast an 8.3% growth for 2019 in Enterprise Software driven primarily by “Everything as a Service”.    An example for this growth is AWS Aurora – Amazon’s MySQL and PostgreSQL compatible Cloud service offer – which continues to be the fasting growing service in the history of AWS.   Meanwhile, Gartner suggests that the IT services market – the range of services that assist individuals and enterprises in implementing, managing, and operating the wide variety of processes, systems, software, equipment, and peripherals – will top $1 trillion in 2019.

I am personally quite excited about the projection for 2019 and the opportunities to help our clients with their IT priorities.     The needs of our clients reflect the priorities predicted by Gartner and outlined above: they plan to drive automation across their build, deploy and operational workstream and continue to leverage Cloud services and cloud infrastructure as they are decreasing their investment in data center technologies.   In addition, our clients look to us to augment their internal IT organization with highly skilled resources, but ultimately want coaching to help build up their expertise in house.  At Risk Focus, we see a great opportunity to help our clients form and execute their plans, while coaching their internal teams to adopt new practices and work within new processes.  To this end, we continue to build out our bench of skilled DevOps players and coaches in our centers of excellence in NY, Toronto, Pittsburgh, London, Amsterdam and Riga. 

As for the outlook of Apple, as stated in January 5th NY Times article entitled Apple’s Biggest Problem? My Mom, “If there’s an app – maybe its Fortnite 2 – that I can’t run on my existing iPhone, a new iPhone will be on every teenage boy’s shopping list.” Platforms are ultimately only as valuable as the services they enable! 

Wishing you all a Happy, Healthy and Prosperous 2019!