The bank is still working through the challenges of using the open source technology, whose decentralized architecture differs from the traditional computer systems businesses run today, CIO Journal’s Clint Boulton reports.
The archaic technology systems that undergird some of the largest banks are beginning to creak under the weight of a growing number of digital transactions, the Financial Times reports.
A new report from Pew Research finds 64% of American adults own a smartphone, up from about 35% in 2011.
Sharp Corp., the troubled Japanese electronics provider, is moving to spin off part of its panel-making unit and plans to ask a government-supported investment fund for help, the WSJ’s Takashi Mochizuki reports.
Flipkart Internet Pvt.-India’s most valuable startup with a valuation of $11 billion-isn’t profitable yet, but the company’s chief financial officer, Sanjay Baweja, says the online retailer will turn a profit in two years, the WSJ’s Dhanya Ann Thoppil reports.
Many subscribers to Dish Network Corp.’s nascent online video service Sling TV saw error messages Saturday night as they tried to stream the Final Four semifinal games of the men’s college basketball tournament, the WSJ’s Shalini Ramachandran reports.
Sony Corp. is buying patents and other intellectual property related to cloud-gaming pioneer OnLive, which on Thursday said the service is shutting down after five years, the WSJ’s Brian R. Fitzgerald reports.