Banks and the banking industry are torn between the promise of digital transformation through the cloud and the realities of legacy technologies. That legacy infrastructure technical debt isn’t going anywhere, so how do banks make the move to the cloud in a timely fashion?
The latest eBook from Techolution entitled “Accelerating Your Bank’s Cloud Journey to Maximize Business Value” provides the answers to that dilemma. The short answer is that the eBook shows your bank how you can modernize in place and move to the cloud in 30 days or less. But like any good story, the exciting part is in the details.
Achieving Real Business Benefits in the Cloud
Leveraging the cloud is imperative for banks that have huge and growing data stores and consumer expectations that are changing almost daily. Banks and financial institutions must consider a move to the cloud for the following reasons:
- Higher customer experience expectations
- Explosive data and application needs
- Finance ecosystems dependency on speed, agility and cost containment
The eBook shows how you can integrate legacy systems into a smooth and effective digital transformation via the cloud. This story starts by explaining how Techolution overcomes each bank’s technical debt with legacy systems, which are too costly and vital for you to replace. The ideal scenario for your financial institution is to have the control needed to reach the ideal cloud destination in 30 days or less.
While your bank may want to look to the ‘lift and shift’ model of cloud migration, the eBook explains how that isn’t a practical approach for your needs and desired outcomes. The answer lies in how Techolution retires technical debt by bringing the cloud to you and your current architecture rather than attempting to change the architecture and applications to make them cloud ready.
How to Get to the Cloud in 30 Days or Less
Since fulfilling thousands of complex transactional events is the name of the game for banks, the best approach is to pull these events from the edge of the network and beyond to the current system architecture in a way that can be easily managed. That enables meeting the transaction event flow needs with the current technology and controlling the pace of digital transformation to newer technologies.
Your bank needs to know how to keep control of how they can reach the ideal cloud destination in 30 days or less. Readers will learn how a hybrid cloud strategy made possible by Anthos paves the way for a “cloud native first” destination architecture that adapts to all future data flow needs.
You’ll learn how Google Cloud Anthos gives your bank the power to build and manage apps across environments on Google Cloud, on-premise data centers, and rival third-party clouds. That gives you the flexibility, speed, and agility to use and easily move between Microsoft Azure and Amazon Web Services as well. We’ve done this for countless clients because Techolution has some of the world’s foremost experts in Anthos, hybrid, and multi-cloud strategies.
Actionable Cloud Journey Insights from Techolution
The eBook explains in plain language how we can partner with your bank to get the most out of the cloud’s business benefits today in 30 days or less rather than down the road. This eBook covers the following:
- Banking Challenges
- How to overcome technical debt
- How to create effective hybrid and multi-cloud strategies
- Insufficient In-house Cloud expertise
- The need to pull IT Teams from other vital Projects
- Reasons Why Banks are Reluctant to Move to the Cloud
- There’s a Better Way than Lift and Shift
- Benefits of Modernizing in Place for the Cloud Journey:
- Boosted scalability
- Agility of events, microservices and asynchronous interaction
- Greater product innovation
- Long-term cost savings
- Improved security
- Regulatory compliance
IDC Financial Insights reports that the biggest global banks saved $15 billion in 2019 from cloud adoption, cutting infrastructure costs by 25%. Now is the time to find out how your bank’s IT team can chart a fast yet agile path to the cloud while avoiding the challenges and costs associated with current cloud migration practices. To learn how to start and complete your cloud journey in 30 days or less, follow this link to download this latest Techolution eBook.