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Accelerate your Bank’s Cloud Journey eBook

 

We can migrate you to the Cloud in 30 days or less!

dwdwdwwwdwdwdaaCustomer expectations are pushing the banking and financial services industry to accommodate explosive data and application needs. Legacy systems need to undergo a smooth and effective digital transformation via the cloud to remain competitive.

Are technical debt and legacy systems paralyzing your cloud migration efforts? Our agile approach will facilitate your cloud migration in 30 days or less. 

Banks and financial institutions are considering migrating to the cloud because:

  • customer expectations are higher than ever
  • the explosive data and application needs
  • finance ecosystems are dependent on speed, agility and cost containment

In this ebook we describe how we overcome technical debt. Legacy technical debt isn't going anywhere. The common way to solve for it is 'lift and shift', but we have found that this isn't practical in most cases. 

Our ideal approach to cloud migration to retire technical debt is to bring the cloud to you and your current architecture rather than attempting to change the architecture and applications to make them cloud ready. 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 you to meet the transaction event flow needs with the current technology and control the pace of digital transformation to newer technologies. 

Our ideal scenario for every financial institution is to have the control needed to reach the ideal cloud destination in 30 days or less. A hybrid cloud strategy made possible by Anthos will pave the way for a “cloud native first” destination architecture that adapts to all future data flow needs.

Lift and shift is not always effective.

The cloud migration model of lift and shift doesn't maximize the potential operational benefits of a hybrid cloud set-up for a bank. Hybrid cloud strategies become complicated and risky in using the current outmoded cloud strategy approach because it doesn't solve for the risks around cloud management, regulatory compliance, security, cost containment, migration time, technical debt.

Lift & shift is not always effective

That often ineffective orthodoxy revolving around the lift and shift migration model cannot maximize the potential operational benefits of a hybrid cloud set-up for a bank. Hybrid cloud strategies become complicated and risky in using the current outmoded cloud strategy orthodoxy because of the following challenges associated with the tran- sition:

This eBook will provide bank IT teams with a fast yet agile path while avoiding the challenges and costs associated with current cloud migration practices. Here is what is covered in this ebook:

best approach is to pull these events from the edge of the network and beyond to the current system architecture in a way that it can be easily managed. That enables you to meet the transaction event flow needs with the current technology and control the pace of digital transformation to newer technologies. 

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 it can be easily managed. That enables you to meet the transaction event flow needs with the current technology and control the pace of digital transformation to newer technologies. 

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 it can be easily managed. That enables you to meet the transaction event flow needs with the current technology and control the pace of digital transformation to newer technologies

1. Banking Challenges

  • How to overcome technical debt
  • How to create effective hybrid and multi cloud strategies

2. Reasons Why Banks are Reluctant to Move to the Cloud

3. There's a Better Way than Lift and Shift


 

4. Benefits of Modernizing in Place for the Cloud Journey:

  • Boosted scalability
  • Agility of events, micro services and asynchronous interaction
  • Greater product innovation
  • Long-term cost savings
  • Improved security

 

  • Overcoming technical debt
  • Effective hybrid and multi cloud strategies

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Techolution is a global business technology consultancy headquartered in New York City with offices in India, Singapore, Indonesia and Mauritius. We specialize in building and implementing managed services and solutions for customers looking to digitally transform their business, whether they are at the beginning or further along their digital transformation journey. Our team of IT professionals possess significant expertise in the areas of Cloud Migration and Automation, Internet of Things, Big Data, Artificial Intelligence and CX/UX optimization. We apply our business and technical knowledge to help clients enhance their existing work processes and infrastructure in order to secure new efficiencies, boost productivity and increase company-wide cost-effectiveness. 

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