November has come to an end, and the winter season has begun. Make yourself comfortable, grab a cup of tea or coffee, and dive into the latest KOIA and tech world events with us!

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GreenOps: when DevOps meet Sustainability

GreenOps transforms technology infrastructure by embedding sustainability directly into DevOps workflows, providing advanced tools that help businesses track and minimise their environmental impact during software development and IT operations.

What are the critical elements of GreenOps? Leveraging tools like Scaphandre and Climatic to monitor and minimise environmental impact, selecting green cloud providers, implementing automated sustainability audits, and using carbon-aware scheduling. 

Industry leaders like Google prove that embracing GreenOps contributes to a sustainable digital future and delivers tangible business advantages such as cost savings, regulatory compliance, and enhanced brand reputation.

Source: Express Computer

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Before the Software Development Kicks Off

Before starting the software development process, there’s a must-do: business analysis.

It’s a critical bridge between business needs and technological solutions. It goes way beyond simply asking what the system should look like; instead, it focuses on the fundamental problems the system must solve.

The primary objective is to understand the core business challenges. This requires looking beyond surface-level requests to uncover stakeholders' underlying needs and expectations.

That’s why at KOIA, we always start collaborations by conducting workshops with client teams, during which we gather detailed requirements.

This helps us to develop a comprehensive project roadmap, define the project scope, identify boundary conditions, prepare and manage the project backlog, and create a structured approach to project development.

Thanks to the agile approach and working on regular sprints, we can stay flexible and adapt to the changing project needs and stakeholder input.

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Payment hubs: How Banking Tech can Manage Multiple Channels Better?

Payment hubs have evolved from simple back-office efficiency tools to strategic platforms that enable financial institutions to process multiple payment types across diverse channels and lines of business. 

As the financial landscape transforms, these solutions are becoming critical for banks seeking to manage an increasingly complex ecosystem of payment methods, including real-time payments, digital wallets, and emerging technologies like central bank digital currencies (CBDCs). 

According to Omdia, 59% of banks will increase their investment in payment hub solutions in 2024, with total IT spending projected to reach $3.4 billion by 2028. 

The rise of payment hubs is driven by regulatory changes, the expansion of open banking, and the need for financial institutions to deliver more flexible, cost-effective, and customer-centric payment experiences. 

By centralising payment orchestration, modern payment hubs help banks future-proof their technology infrastructure and adapt to the rapidly changing digital payment landscape.

Source: Fintech Futures

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Nordic Tech Scene on a Rise in Q3 2024

The Nordic tech market exhibited strong transactional dynamics in Q3 of 2024, with 103 total transactions recorded—a notable increase from the preceding two quarters. 

The Software-as-a-Service (SaaS) sector particularly stood out, with 55 transactions reflecting growing market interest and investor confidence.

Foreign investment played a significant role in this quarter's activity, with US-based buyers driving 38% of software transactions. 

Favourable exchange rates and the attractive valuation landscape in the Nordic region fueled this trend. 

Valuation metrics highlighted the sector's health, with publicly listed software companies trading at an average of 3.7x Enterprise Value to Sales and IT consulting small and medium enterprises trading at a median of 9.5x Enterprise Value to EBITDA.

IT services and consulting segments also demonstrated substantial momentum, showing a marked increase in transaction volumes compared to the previous four quarters and signalling continued market optimism in the Nordic technology ecosystem.

Source: Stratema

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