Digital Challenges for the Financial Services Industry

Across the financial services industry, competition is rising at an unprecedented pace while growth is subject to stringent industry regulations.

This dynamic is forcing enterprises to be ever innovating, continuously searching for new opportunities to differentiate their offerings through new technologies. Staying relevant within the financial industry requires constant innovation. Enterprises require accelerated performance and workload flexibility required to stay ahead to deliver new services. As a result, enterprises are transforming their digital capabilities, leveraging the latest cloud-native technologies across compute, storage, and networking to deliver better experiences for their customers.

While underlying infrastructure modernisation is key, these same enterprises also need to modernise their legacy applications — many of which still run on mainframes — in order to be more agile and bring new digital services to market.

Staying relevant within the financial industry requires constant innovation. Enterprises require accelerated performance and workload flexibility required to stay ahead to deliver new services. As a result, enterprises are transforming their digital capabilities, leveraging the latest cloud-native technologies across compute, storage, and networking to deliver better experiences for their customers. While underlying infrastructure modernisation is key, these same enterprises also need to modernise their legacy applications — many of which still run on mainframes — in order to be more agile and bring new digital services to market.

Intel® helps enterprises meet the increasing demands of the evolving global regulatory environment. Financial services need to keep information secure and private as innovation accelerates. Intel® makes this possible with hardware-based security features, enabling banks to use encryption efficiently & effectively.

In turn, Ori supports multi- and hybrid-cloud by default, meaning enterprises can comply with stricter cloud and vendor outsourcing obligations. This helps them meet their requirement to fulfil the expectations of the market, governments, and regulators, by streamlining DORA compliance in the EU and Bank of England (BoE) SS1/21 & SS2/21 regulations in the UK, while bringing operational resiliency to their application deployment lifecycle.

While Intel® is best known for their hardware, they also invest significantly in optimising products with the largest cloud providers and commercial software vendors. Intel® has been working with financial services companies for decades to help them address their most complex challenges.

Ori understands the importance of digitising at faster speeds: it’s key to limit software refactoring and customising for every infrastructure environment across an enterprises’ cloud and on-premises portfolio. Ori Global Cloud makes failovers a thing of the past: IT teams no longer need to build every container to be self healing, they can leverage a platform that does this for them.

The result is that Intel® offers edge to cloud technologies that operate seamlessly and meet changing customer expectations. Ori gives enterprises the control to extend their cloud-native application deployments, and improve developer productivity by allowing enterprises to develop, deploy and scale applications faster. This means any workload can run the same way in any environment, and deployed seamlessly allowing applications to scale to any scale.

This cuts down friction for enterprise applications by delivering accelerated time to market. Facilitating container orchestration across Kubernetes environments allows Financial Service Institutions to automate infrastructure cost savings, and instead focus on scaling and securing their increasingly distributed customer data.

Intel® is helping accelerate the journey to connected, digital operations that reduce risk and enhance the customer experience. In turn, Ori helps enterprises embrace greater operational resiliency across a global platform that unlocks the power of distributed cloud infrastructure.

Related posts:

Inspired by Bhagvad Gita this is an exercise to search oneself, myself. Let’s get some terms clarified. Who are the Deities? They are the virtuous impulses within us that enable us to experience…

To be true to that which you present yourself to be. To not fear judgment. To diminish your desire to possess, manipulate or control others. To walk away, no matter the cost, when you understand…

Many companies are starting to use remote-controlled planes to photograph their products for advertising purposes. Drones are a great way to get more publicity and get the word out about your…