In the banking, financial services, and insurance (BFSI) industry, hybrid cloud has evolved into a key foundation for business and technology capabilities to be offered or consumed through as-a-service models. The future of banking, we believe, hinges on hybrid cloud technology evolving into a distributed digital fabric or a cross-industry ecosystem that will enable any combination of services or capabilities or utilities to be composed, bundled, offered, consumed or monetized in the marketplace. In addition, hybrid cloud migration will also help banks to enable IT infrastructure modernization, aid payment modernization, and move to new operating models.
In this four-part Masterclass series with The Banker, Kishore Banavar, Global Head, BFSI Technology Advisory Group and Ramon Villarreal, Global Architect, Financial Services, RedHat, explain how hybrid cloud migration can help banks:
Enable IT infrastructure modernization and enhance the value of technology
Embrace new operating models to break traditional boundaries
Enable payment modernization and usher in new payment methods
Create purpose-driven ecosystems to launch new offerings