financial service: key drivers for moving to cloud

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© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. Financial Services Key drivers for moving to cloud Mike Williams Customer Success Management Principal August 5, 2015

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© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice.

Financial Services Key drivers for moving to cloudMike WilliamsCustomer Success Management PrincipalAugust 5, 2015

© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice.

Key motivators for moving to cloudFinancial Services & Insurance

.

Transition to more Agile DevOps Modelo Decrease time to market for new applications and Migrate legacy

applications or use Hybrid Architectureo Move to Open Standards such as Openstack to to take advantage of new

technology and Industry standards and avoid Vendor lock-in

3

1 Very High infrastructure costs • Consolidation of multiple global data centers• Move from capital expense to operational expense model • Desire to move to pay-as-you go model based on SLAs

4 FSI IT as a profit center vs Cost Center• Become an internal service provider• Become an external service provider• TechNavio - the global private and public cloud financial services market will

grow at a rate of 25% from 2013 to 2018

Non traditional FSI Sector Competition• Competition from non-traditional IT Plays like PayPal, Google, Amazon2

© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice.3

Why Hybrid Cloud fits well in Financial Services & Insurance

Public DataPrivate Data

Customer Data• Identity data (SSN, DOB, Account

Numbers, Passwords, Health Data, Income Data)

FSI specific Intellectual Property• RFP, Quote, Payment Systems• Transactional Systems• Risk management and Regulated

Systems• EDGAR,• Payment Card Industry Data

Security Standard (PCI DSS)

• Non-core systems (marketing, publishing)• CRM, Leads and purchased data• Non-proprietary marketing data • External Vendor, Partner, Purchasing Systems• Public Sales data

private cloud public cloud

© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice.

Using Financial Services & Insurance IT as a Profit Center

1

2

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Internal service provider• Deliver the services you can charge back to the internal users

External service provider• Become a profit center for the business by offering ‘products’ and ‘web services’ to sell externally

White labeling - rebrand application for use by others• Protect intellectual property / data with private cloud• Allow external users to leverage white labelled application

© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice.

Role of DevOps in Financial Services & Insurance ITTime to market is a critical requirement

Role of open source

• Reduce costs• Avoid vendor lock-in by using Open

Standards• Best in class: market approach

(OpenStack)

FSI requirements

• Deliver new services quickly• Roll out applications with real time

integration and testing• Keep and grow client base: be

competitive with new market entrants

WhyDevOps Be responsive

to clientsDeploy applications

quicklyStay competitive

with new entrants

© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice.

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