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Valley Bank to be 100% cloud native by 2026
Valley Bank is looking to move all its operations to the cloud by 2026 to achieve efficiency and scalability. The $61 billion, Morristown, N.J.-based bank has between 75% and 80% of its operations on the cloud already, Chief Operations Officer Russ Barrett told Bank Automation News. Snowflake is Valley’s primary data hub provider, Barrett said.…
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P2P market to reach $6.2B by 2028
The peer-to-peer payments market is growing as consumer demand ticks up and new competitors enter the space. P2P payment market size is expected to reach $6.4 billion by 2028, according to a January report by market research group The Business Research Co. In fact, 81% of banked U.S. consumers have P2P accounts, according to a…
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Data: Sports cause 2023’s biggest spikes in web traffic
Champions League football and NFL games caused the biggest spikes in web traffic in Europe and the US in 2023, according to a 12-month network traffic analysis from Internet Exchange operator, DE-CIX. In addition, global traffic across DE-CIX platforms has increased by 23 per cent vs 2022, with 59 exabytes of data flowing across its…
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Report: French SVoD revenues top €2bn
The French video market has grown by 6.3 per cent in 12 months to €2.46 billion revenues in 2023, largely driven by the SVoD sector. According to a study by French public funding body Centre national du cinéma et de l’image animée (CNC), the SVoD segment topped the €2 billion revenue mark, to reach a…
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C4 “digital-first” by 2030, as job cuts rise
Channel 4 has unveiled its five-year plan to reshape the organisation and accelerate its transformation into a genuinely digital-first public service streamer by 2030. Meanwhile there are numerous reports previously specified job cuts of 200 will now reach 250. This would represent the biggest cuts in the pubcasters history and account for 15 per cent…
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Former ITV director launches JEM Media Ventures
Former ITV director, William van Rest, has announced the launch of JEM Media Ventures, a new company designed to help businesses, brands and talent create ancillary income streams with IP, assets and/or unused inventory. Building on van Rest’s extensive commercial experience, which has seen him generate additional revenues from IP, manage high-profile content brands, and…
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Ligado spectrum claim “must be dismissed”
Ligado Networks has been arguing for $40 billion (€36.9bn) of compensation from various US Federal Agencies over claims that the Agencies “roadblocked” Legado’s L-band frequencies and spectrum because the US government wanted the spectrum itself. The case is best described as “complicated” and centres on the FCC’s granting to Ligado in 2020 to create a…
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PPDS brings DAZN to hotels
PPDS, the exclusive provider of Philips Professional Displays and complementary solutions, has announced a partnership with DAZN – the sports streaming platform – to bring its live and on-demand content streaming services into hotel guest rooms, exclusively via Philips MediaSuite hospitality TVs. Developed in partnership, and tailored exclusively for use on the Philips MediaSuite Series…
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Report: “Meteoric growth” in satcom terminals
A report from global technology intelligence firm ABI Research says there’s a “meteoric growth in VSAT, BGAN, SatPhones + 5G mobile services to fuel billions of dollars growth in the satcom terminals market by 2030″. ABI says that, in recent years, satcom systems have undergone an evolution. The industry’s shift to commercial space, also known…
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Forecast: NZ telco, pay-TV services revenue to remain stagnant
The total telecom and pay-TV services revenue in New Zealand is poised to register a marginal compound annual growth rate (CAGR) of 0.7 per cent between 2023 and 2028, with continued decline in mobile voice service revenue denting the overall growth prospects, despite considerable revenue growth in mobile data and fixed broadband segments, according to…