More and more financial services companies are turning to modern cloud architectures and technologies as the foundation of their digital enterprise infrastructure. This paper provides an illustrative framework for understanding the key considerations in this decision. The paper also discusses how to integrate with other important emerging technologies that are modernizing the front, middle, and back office. Lastly, the paper describes the competitive advantages for Financial Institutions of deploying hybrid cloud with multi cloud management over deploying into a single public cloud platform.
These advantages will become more apparent as regulators become more attuned to the operational and systemic risk FinTechs may pose to the broader financial services economy.
Financial Institutions (FIs) must decide on whether to partner or compete with FinTechs, but in either case their underlying IT structures play a key role in speed to market. Many line-of-business (LoB) executives, who ultimately
fund internal IT, believe they must have a “cloud first” (that is, public cloud) strategy to compete. However, this approach puts IT teams on the defensive, eliminates cloud platform choice, and relies on unproven ROI.
This Paper jointly developed with Vaxowave explains where hyperconverged infrastructure and hybrid cloud computing can provide the most effective enterprise digital platform to build and deploy FinTech-like offerings that are provisioned and managed from a single pane of glass within the datacenter.
A hybrid cloud approach provides the flexibility and speed needed to meet business objectives while preserving choice, streamlining operations, optimizing ROI, satisfying compliance, and mitigating risk. Where appropriate, Nutanix products and solutions are referenced as an example of the capabilities being illustrated.
