In today’s competitive business environment, financial services organizations need a trusted digital transformation partner. Since the financial services industry is highly regulated to protect consumers, it is crucial that any transition maintains business integrity and involves compliance experts. During the transition process, a customer-centric, clear focus on meeting consumer needs is the priority.
The financial services business sectors, whether banking, insurance, investment, or payment technology organizations, must face the challenges of leveraging cloud-based infrastructures, managing existing IT assets, changing their microservices architecture, improving agility, and reducing IT expense over the long-term. However, due to existing investments in legacy infrastructure, financial services must contend with the reality of working with a concurrent opex and capex model. The answer may lie in streamlining your existing data center, transitioning to the cloud over time, and taking advantage of a multiple cloud strategy. An additional goal includes meeting regulatory requirements so your apps remain available to your current clients while staff is briefed and trained as new regulations emerge.