financial service: key drivers for moving to cloud
TRANSCRIPT
© 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
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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
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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
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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