5/26/2023 0 Comments The last bastion award![]() ![]() In most cases their strategic direction for voice cannot be applied to their trader voice environments. Technology and business leaders in the largest global financial services firms feel constrained with the systems they have today. ![]() The market disruption is being driven by large financial institutions. The shift from proprietary to standards-based, from hardware-oriented to software-oriented, from expensive to high-value and from closed to the best available technology approach are at the core of the disruption in this last bastion of voice technology – trader voice. Their solutions are proprietary, expensive to maintain, and lacking true open integration, limiting the banks’ ability to pick the best-of-breed products for their user community. The largest vendors in the trader voice market are now in a similar position to IBM in the late 1990s. Today, the trader voice environment is going through a similar disruption. Technology really did disrupt the market. What disrupters like Cisco and Wellfleet provided was faster, standards-based, software-oriented (rather than hardware-oriented) and higher value (i.e. Cisco came along and dramatically reduced IBM’s cash cow by allowing enterprise customers to rid themselves of a hardware-centric, proprietary, single purpose, expensive solution, writes Patrick McCullough.Īt the end of the day, Cisco, along with other tech companies who had the technology to remove this massive proprietary installed base, changed the world of computer connectivity in a revolutionary way. At one time IBM had approximately 35% of its total revenue coming from licenses generated by their networking products. If you’re old enough to remember IBM being a giant in the computer networking business, you will certainly remember how Cisco disrupted its world. 'Mr.Patrick McCullough is chief executive of Speakerbus Governance and Oversight Capacities Account for Our Bank's Robust Management System - Philip Lynch, Independent Board Member at Ameriabank Interview with Francis Malige, EBRD Managing DirectorĪrmenians Commemorating 106th Anniversary of Genocideīiden Under Pressure to Recognize Armenian Genocide - KTLA 5 News But our authorities, which are prone to retreating very easily when it comes to issues of the kind, have declared the “seizure” of the Constitutional Court a supreme goal without distinguishing things in between to achieve that. ![]() In an interview with the Voice of America, the high-profile economist stated plainly that fight against corruption must not turn into a means of persecuting political opponents as that negatively affects the state administration system itself, and the process of fighting corruption. Also Daron Acemoglu, an economist who hailed the 2018 revolution - and on whom Nikol Pashinyan pinned gret hopes (waiting that he will arrive in Armenia to assist in the economic reforms) - addressed the topic yesterday. As early as yesterday, the law enforcers stormed Hrayr Tovmasyan’s apartment to conduct a search.Ĭonsidered from the perspective of a single chain of events, all these actions - targeting the CC chair and his close relatives (searches, questionings, indictments and arrests of godsons) in the past couple of months - suggest that this is a series of political persecutions, receiving evaluations from both the Venice Commission’s chairman and different international and local organizations and individuals. While some people take pride in the figures reflected in the Transparency International’s latest report - stating that Armenia has improved its corruption perception index by seven points, ranking the 77th on the list of 180 counties - our authorities are ″annihilating″ the political opponents under the pretext of fight against corruption, resorting to a blatantly manifested terror against the Constitutional Court and its chairman. Below is an excerpt from the paper’s editorial: ![]()
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