Hybrid

Financial services in the age of hybrid cloud

Share this post:

Financial services hybrid cloudFinding the right cloud deployment option to accommodate your specific workload requirement is not always the easiest task to manage. If your business resides within financial services or a similar regulatory or compliance driven market, application development and management can be even more complex.

Private cloud in financial services

When we first started looking at private cloud, we found over and over again that financial services institutions, whether banking or insurance, were overwhelmingly the most common enterprises that need a private cloud model. Whether driven by internal demands for high data sensitivity and the need for complete control over that data, or external regulatory pressure that dictates down to the server exactly where the data can reside, financial services companies require the highest level of security, protection and auditablility throughout their enterprise IT environments.

Numerous financial services enterprises share another commonality: they want to innovate in their own environments and require the ability to develop in open source tools such as Kubernetes, Cloud Foundry and DevOps toolchains.

Data has gravity, meaning that you can’t just take your tangled applications and instantly lift them to the cloud. Companies must be methodical and require a single platform that ensures apps are correctly placed on the cloud and, in many cases, in a private cloud, safe from the outside world, but with the elasticity and speed that cloud technology offers.

A banking private cloud use case out of the vault

A typical financial services company can have thousands of apps all tied together.

One global banking company was challenged with a cloud infrastructure that was not flexible enough to accommodate the development needs of the many countries and diverseness of situations. IBM Cloud Private enabled the company to not be locked into one application development, deployment or packaging model. Each country is now able to make its own choices but remains bound by its common governance board.

Your private cloud journey at your own pace

View the “Financial Services in the Age of Hybrid Cloud” on demand broadcast, which offers key insights into balancing innovation with the ability to meet strict in a secure, customer controlled environment. We’ll share additional financial use cases, and share the best practices to help your business adopt the right cloud strategy.

View additional webcasts on this topic on our new on demand broadcast page.

Director, IBM Private Cloud Offering Management

More Hybrid stories

3 ways sunflowers show the value of digital business automation

If you’re anything like I am, you enjoy nature programming on the Discovery Channel, NatGeo and other educational outlets. Not only do I find the amazing sights and sounds captivating, but I also love learning about the natural world from dedicated experts. I often find insights that also apply outside of the natural world. That’s […]

Continue reading

Supporting the next generation of cloud apps with IBM Cloud Direct Link

The role of cloud computing is rapidly advancing to become a platform for innovation. We see enterprises turning to the cloud as a gateway to high-value services, including artificial intelligence (AI), blockchain and Internet of Things (IoT), to help turn unstructured data into new business insights and bring better customer experiences to market faster. The […]

Continue reading

Travel and transportation at warp speed with hybrid cloud

Star Trek-style spacefaring isn’t an option for travelers yet, but in the travel and transportation industry, the cloud is helping organizations go where no one has gone before. According to Forrester, in 2017, worldwide travel and tourism contributed 10 percent of the world’s gross domestic product (GDP) with $8 trillion, and by 2028, worldwide travel […]

Continue reading